 |
About Durante Parks, The Creator Of The Virtual Money Broker Program Durante Parks personally trained and mentored me and I wouldn't have all the knowledge I do, without him. I personally endorse and recommend his training products. If you don't know who he is, this page will offer a brief biography on him. Durante Parks started out as a residential investor with several rental houses and apartments. In 1989, he was seeking financing for a 600-unit apartment building that he wanted to buy for his personal portfolio. The property was an excellent deal and it was priced at a 10% Cap Rate. Two days before the closing, he found out that his funders could not close the deal...they were not adequately capitalized to finance this type of deal. Well you can guess what happened, the sellers walked and Durante lost a $90,000.00 earnest money deposit. Ouch! Over the next 6 months, he focused his efforts on researching and identifying various funding sources...not properties. His concept was simple. Rather than locating properties and then searching for financing, Durante decided to locate the financing first and then bring the lenders the projects they wanted to finance. During this search, Durante began working with a private bank trust that managed a $3 Billion dollar fund. This private bank assisted in the financing and acquisition of a $40 Million, 1200-acre real estate development project and a $125 Million real estate portfolio. Durante worked as a placement agent for the trust and began brokering transactions via this private trust exclusively. This affiliation was so successful, that Duranté was asked to work directly with the trust in a $3 Billion Syndication involving 4 banks and 3 investment firms. He served as a liaison for the trust and worked directly with numerous bank officers and presidents. Due to these associations and the insider training he received, Durante retired from active investing and begin using his talents, skills and resources to broker special transactions with this unique network of financiers every 2 to 3 years. In 2002, Durante created a way to leverage his productivity by training select individuals on his techniques and funding methods. This program would allow him to train individuals in his placement and financing methods and create a small group of competent brokers to work with. This exclusive training was limited to 50 individuals and each member was required to complete an 8 Week Advanced Training Program BEFORE they would be able to work with Durante and his sources (yours truly is one of these members!). From 2003 to present, Durante Parks has spent his time developing and perfecting products to train people to do the same thing he has spent the last 20 years doing. Over a two-year period, Durante took his tips, strategies and methods and integrated them into a complete online training center for training others in his unorthodox commercial financing modules. His mottos are:
Currently, Durante Parks operates and manages several online commercial financing boot camps. His interest and product knowledge are evident in the seminars that he teaches. If you're interested in learning the commercial financing game, then visit the Virtual Money Broker Site!
Return from Durante Parks to Home
|
