Which Commercial Real Estate Loan is right for your Business?

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 14, 2022

Types of Commercial Real Estate Loans (Including Non-Qm)

A commercial real estate loan is a mortgage that can be acquired using the business property as collateral or backup. These loans can be divided into three major categories: business loans, investment loans, and loans for development. Commercial real estate (CRE) includes any revenue-generating property utilized for commercial activities, such as offices, shops, hotels, restaurants, warehouses, and apartments. Loans for commercial real estate are only used to purchase commercial property; they are not used for buying private homes. However, residential properties with 1-4 units managed by an LLC can use commercial loans. Banks and lenders are in charge of offering commercial real estate loans, just like with any other kind of mortgage loan. Loans for residential real estate are granted to private borrowers, while loans for commercial real estate are given to commercial enterprises, including organizations, Limited liability companies, investors, and developers. […]