closing costs

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

October 4, 2022

Best way to get a Mortgage for a Home Over $2,000,000

Many consider a two-million dollar property to be expensive, and it is. Obviously, the housing market is robust right now and will most likely remain so for some time. In light of this, purchasing a home for $2,000,000 or more is sensible if you have the means. And besides, price and rent increases are certain to continue due to inflation. Generally, you shouldn’t spend more than three times your annual gross income on a property. Helping people make responsible purchases is a component of the 30/30/3 rule for acquiring a property. Consequently, you must earn a minimum of $667,000 annually to purchase a $2 million home. You should also have sufficient money for a 20% down payment, or $400,000, and an additional $100,000 in cash reserves just in case of any unforeseen event. With the current cheap mortgage rates, you can […]
December 28, 2021

Where to Get LLC Loans for Investment Property

New real estate investors commonly ask the internet and other investors, “can I obtain mortgage LLC loans for an investment property?” The answer to that burning question is “yes”! Obtaining an LLC mortgage loan for your investment property comes with a slew of unique benefits. If you are new to getting a loan under an LLC can be very challenging if you don’t know where to start or where to look. No need to worry; we did all of that research for you. In this comprehensive LLC loans for investment property guide, we will go over everything you need to know about getting a rental property under your LLC name and who you can reach out to for more information! Benefits of LLC Loans for Investment Property Rental property investors use an LLC to protect their assets for their investment […]
May 24, 2017
closing costs on office condos

Closing Costs on Office Condos in NYC

  An office condo is a great investment for small business owners looking for affordable office space in a great location. However, before you obtain an office condo, it’s important to be aware of all the potential fees you may incur along the way. Closing costs on commercial real estate are generally much higher than those of residential property, and can run into the tens of thousands of dollars. Below is a quick breakdown of some of the buyer’s closing costs on office condos in New York City.   Attorney The first fee you may run into in the process of purchasing an office condo is the attorney fee. It is highly recommended you get a commercial real estate lawyer to help you negotiate the transaction and complete any complicated paperwork. This can cost approximately $5,000. Origination fees Origination fees, […]