Disclaimer: I am not an attorney and this article is not intended as a substitute for advice from the appropriate legal, zoning, financial, construction and/or tax professionals. This information is provided for educational purposes only and is made without warranties or representations

Hey there, EZ Deals family! It’s Eric Egelko, back again with an exciting new episode of the EZ Deals Podcast—Episode 7. This week, we’ve got a fantastic guest who’s here to shed light on the often misunderstood world of hard money lending. Please join me in welcoming Brandon Warnke, an account executive at Talmar Financial, San Diego’s leading hard money lender.

In our conversation, Brandon dove straight into explaining the concept of hard money. For those of you who might be unfamiliar, hard money lending is a form of alternative financing primarily used for investment properties. It’s the type of funding that steps in when traditional banks won’t. Imagine a property that’s seen better days—holes in the walls, a missing water heater, or major repairs that make it unsafe for a conventional loan. This is where hard money lenders like Talmar Financial come in, offering quick access to funds to get the property back in shape.

If you’re a fan of those house-flipping shows, you’ve probably seen the magic of hard money at work. Talmar Financial provides the essential financing that keeps these projects rolling, allowing investors to purchase, renovate, and eventually flip the property.

The Advantage of Private Debt Funds: How Talmar Financial Stands Out

We also touched on the topic of wholesalers—those folks who find properties and sell them to investors. Brandon has some strong opinions here, especially when it comes to how wholesalers estimate rehab budgets. He shared that, in his experience, wholesalers can be either overly optimistic or overly conservative, which can be frustrating for investors trying to make a deal work.

To combat this, Brandon has developed a strategy. When he gets a list of wholesale deals, he goes through them and does a preliminary underwrite to see which ones might be worth pursuing. He then shares these opportunities with clients who are already signed up with Talmar, giving them a leg up in the competitive world of real estate investing.

As we wrapped up the episode, I asked Brandon who the ideal client for Talmar Financial is. He’s looking to work with brokers—both commercial and residential—as well as experienced investors who have some capital to put down. Talmar isn’t in the business of 100% financing or ultra-low down payments. Instead, they’re looking for serious investors who can bring 15-20% to the table.

But don’t worry if you’re new to the game! Brandon shared that helping first-time flippers and new investors is something he’s passionate about. He enjoys walking them through the process, getting them pre-qualified, and even helping them find their first deal. If you’re just getting started, Brandon might be exactly the person you need in your corner.

Discover the Power of Hard Money Lending with Brandon Warkey

This episode is packed with valuable insights into the world of hard money lending, and Brandon Warkey is a wealth of knowledge. Whether you’re a seasoned investor or just dipping your toes into real estate, you won’t want to miss it. So, grab your headphones, hit play, and get ready to learn how hard money could be the key to unlocking your next big deal.

Thanks for tuning in to the EZ Deals Podcast! As always, if you enjoyed this episode, be sure to subscribe, leave a review, and share it with your fellow real estate enthusiasts. Catch you next time!

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Erik Egelko

Erik Egelko is a veteran of the commercial real estate business with a specialized focus on Investment Property Sales. In 2021 and 2022, Erik was the #1 ranked Broker in California for one of the largest CRE Firms as well as ranked in the Top 1% of brokers nationwide. He has extensive experience in a variety of asset types including: Retail Shopping Centers, Medical Office Buildings, Industrial Properties, and Multifamily Apartment Complexes. Over the course of his career, Erik has closed over $100,000,000 of commercial property sales throughout Southern California.