refinancing

Aurum and Sharpe was founded in 2017 by me, Bryan Hanley, and one of my best friends, Rudy Renelique. After many years working at big banks like Chase, and Wells Fargo, we decided we could bring value to a mortgage market that was starving for independent thinkers. So we started Aurum and Sharpe over a phone call about financing a multi-family deal in Brooklyn. Since starting this business we’ve been on many adventures from financing a $20 million portfolio of single families, to meeting the President of Rwanda and Finance Minister of Namibia.

Rudy has gone on to start his own firm, Overture Capital, while I’ve stayed on to grow Aurum and Sharpe. Aurum is the original Latin word for gold (that’s why the periodic table has it listed at Au). We chose it because we think of our word as “as good as Gold.” And in that vein, we want to add value to every customer we come in contact with. Our promise is that by working with us, you will increase your Freedom, Purpose, and Fulfillment.

Our process includes learning your overall objectives and where you want to go in your life so that we make sure your financing enhances your life and gets you to your destination much faster. What that means though, is that we are not like every other broker on the street that will only do a surface level amount of learning about you, your life, and your motivations. For us, that is Gold. We want to learn how we can tailor your financing so that you thrive in your life! So before we talk about rates, terms, or anything else, we are going to try and figure out how to add value through financing.

We know this approach isn’t for everyone. But if this resonates with you, lets talk: 917 475 6207

September 20, 2022

What type of Loan is best for an Investment Property?

Purchasing an investment property allows you to make passive income either through rentals or by holding onto the property and flipping it when it appreciates. When looking to finance an investment property, you can access several types of loans to help offset the hygge costs associated with the process. There are various types of investment property loans with varying terms and use cases. If you’ve been wondering what the best type of investment property loan is,  you’re in luck as you’re in the right place. Here, we will take a look at the various loan options for investment properties, break down the pros and cons of each and help you decide which loan is the best for your purchase. Investment Property Loans Investment property loans are loans taken to finance the purchase, development. or renovation of an investment property. Investment […]
September 20, 2022

10 Common Mistakes First-Time Real Estate Investors Make

Real estate is the real big thing, as many would say. Many think of real estate investing as property ownership or a high return on investment. The first thing that likely springs to mind when you consider real estate investing is your home. Over the past five decades, real estate has grown in popularity as an investment strategy. Real estate investing is simply the business of acquiring property as an investment. This can be a building, land, infrastructure, or other immovable physical properties. In general terms, real estate investing is known to be a safe form of investment. However, there are a variety of alternative investments available to real estate investors, and not all of them are actual homes. There are different types of real estate which are classified by their uses. They include: Residential Real Estate: This includes all […]
September 20, 2022

Banks that Refinance Investment Property

Mortgage rates are historically low, and homeowners have no better time to refinance their properties. A Freddie Mac survey from 2020 revealed that the average interest rate on fixed-rate mortgages had dropped by 50% between 2010 and 2020. Although these rates have skyrocketed in 2022, the current sub-6 % rates still represent a vast improvement from what was available in the 90s and early 00s. Refinancing your property allows you to get better terms than you did when you initially took out your mortgage. However, there are several factors you must consider before refinancing your property, especially if it is an investment property, to ensure that you are making a wise investment. One of these considerations is who to refinance with. You may refinance your property through a traditional bank or other lending institutions. Each lender has its specific benefits […]
September 14, 2022

Who are the Best Non-QM Lenders?

Many mortgages went into default more than ten years ago due to the borrowers’ inability to continue making mortgage payments. The spike in defaults was mostly caused by a large number of mortgages that, while they initially helped borrowers buy homes, ultimately put those homeowners in a difficult financial situation. Non-QM lenders now offer safe alternative financing solutions by modifying their services. The Qualified Mortgage Rule was developed in 2014 by the Consumer Financial Protection Bureau (CFPB). This rule established requirements for lenders, including the need for them to confirm the borrower’s ability to pay back the mortgage and the need for them to offer mortgage options that minimize risk for both the borrower and the lender. While some borrowers may not meet the requirements or are not eligible for a qualified mortgage rule, non-QM might be preferable. However, this […]
February 15, 2022
1031 Exchange

How to use a 1031 Exchange to Scale your Real Estate Portfolio?

If you’re a real estate investor looking to grow your real estate rental or investment property portfolio, you may want to consider using the 1031 exchange program offered by the Internal Revenue Service (IRS). Typically, growth in the real estate sector is driven by investors that do the following: buy a property at a low price, hold onto it for a certain time period, to then resell the property at a higher price, using the proceeds to buy another property and repeat the entire process. It’s a cycle that has made entrepreneurs millions. And within the industry, the more cash you have on hand the more you’re able to borrow, and the better assets you can purchase. The only roadblock with most real estate transactions, at least where an investor or non-homeowner is involved, is the profit generated that is […]
January 31, 2022
Real Estate Investors

Who Are the Richest Real Estate Investors?

Most major business publications will agree that real estate makes up more than two-thirds of the net worth around the world. Real estate is a lucrative investment opportunity that has created hundreds of millionaires and billionaires. As a budding real estate investor, especially one just getting started, there is much you can learn from those who have already walked in your shoes. This is why in this article we share with you who are the top 10 the richest real estate investors in the world, and what they did to get there. 10. Sam Zell Net Worth: $4.8 billion Investments: Multifamily, Office, Manufactured Housing, REITs In our list, Sam Zell starts as number 10 of the world’s richest real estate investor. Often regarded as a leader within the industry, Sam Zell’s start in real estate began young. Sam was born […]
January 28, 2022
Non-Qualified Loans

What is a Non-QM Mortgage?

When trying to buy a home or investment property you’ve most likely considered getting a mortgage, or outside financing to help you make the purchase. Between FHA loans, conventional loans, jumbo loans, hard money loans, and private money loans there are seemingly endless options. Despite all of the loans that are available, there are two major distinctions you should know about: qualified versus non-qualified mortgages. Unlike a qualified mortgage, a nonqualified loan is not subject to certain restrictions such as a debt-to-income ratio requirement. This makes non-qualified mortgages an attractive option for borrowers who don’t necessarily fit the ‘standard’ mold when buying a home, or for buyers that are looking to acquire a property that doesn’t meet FHA or conventional loan requirements, as is often the case for real estate investors. In order to know whether or not a non-qualified […]
January 27, 2022
What credit score do I need to buy an investment property

What credit score do I need to buy an investment property?

Buying an investment property is a major step in becoming an active real estate investor. Purchasing a property in hopes of developing it in the future, flipping a single-family home like you see on TV for a profit, or buying an asset that generates passive rental income can all be exciting ways and reasons to invest in real estate. There are, however, a lot of things you have to do in order to prepare and set yourself up for success. Naturally, you’ll need to do your research, work with the right real estate agent, and find a good deal. And once you do, you’re most likely going to want to finance the purchase, as opposed to paying all cash, which will involve getting a loan. Typically, lenders that specialize in making investment property loans will look at the real estate, […]
January 27, 2022
How often should I refinance my investment property?

How often should I refinance my investment property?

Without a doubt, real estate investing is one of the greatest sources of wealth in our country. According to numerous publications, 90 percent of all top earners in the world have their net worth tied to real estate. However, it’s not simply enough to own real estate to generate wealth necessarily, but rather the cash flow that the real estate you own creates. Unlike the typical 3 bedroom 2 bathroom single-family home where you and your family live, an investment property that is rented out to either a residential or commercial tenant and brings in a consistent source of passive income revenue is where the true power of real estate unfolds. Staying cash flow positive on your real estate, however, is not easy, as there are many expenses to having a rental that are not equally offset by rent. Rising […]
January 26, 2022
Should I Refinance my Rental Property?

Should I Refinance my Rental Property?

Refinancing your investment property can sound a bit confusing. What is the benefit of a refinance? How do I know if I am getting a reasonable rate? This may be your first rental property or one of multiple, and you’re considering, “Is now the time to refinance?”You’ve likely heard the benefits of refinancing your primary residence, but did you know that you can apply those same benefits toward your investment property? Investment property refinances can create opportunities to manage your loan while providing money to reinvest into the property or additional properties. Let’s Break it Down: Currently, mortgage rates are experiencing record lows and they are predicted to stay that way.According to Fannie Mae, the 30-year, fixed-rate mortgage rate should estimate around 2.7 to 2.8% for the year.Typically, investment property rates run higher than that of your primary residence. The […]