Darren “Scott†Hadfield
203 West Broadway
Trenton, IL 62293
Phone: (618) 531-1780
I began his career in the banking industry in January of 1998. I initially represented Bank of America as a roaming teller and supported branches in the region as needed. I was quickly recruited into a position of teller management less than one year later. my first post as a Teller Manager was the Washington University branch. That branch was slowly declining and needed a make-over in order to continue a relationship that stemmed much deeper than the branch. Bank of America had a vested interest in that facility to service the students and maintain a treasury relationship. I managed the school’s orientations and new account openings, supported the tellers and managed the logs within the facility. After several meetings with the treasury department and communication with the student government, the two entities were able to continue a substantial relationship.
I made many turns through the hierarchy of service and teller management and ended up in the facility on Broadway in down town St. Louis. At that point, I began his career in sales with Bank of America. By maintaining a sales stamina and consistent performance numbers, I successfully planted himself on the top of the sales team for four winning years. Within this time period my wife and I started a vending company, JZ Vending Company. With an initial beginning consisting of only 4 locations, the company has since grown to over 50 locations and maintains consistent relationship referrals for continued growth.
I ventured into the Brokerage channel for mortgages because of my superior performance that, consequently, mitigated a new scale and opportunity to enhance my earnings. I left the bank in late 2005 due to dramatic industry changes since his initial introduction into the brokerage industry. I made several relationships with investor buyers and supported their needs and the needs of their clientele.
With the passing of his brother-in-law in late 2006, I was inspired to begin my commitment to philanthropy. Mutual friends and family initiated a foundation, www.42foundation.com. This foundation is blessed with passion and opportunity to support needy families and youth as well as create an outlet for adults and youth alike with sporting tournaments and leagues. The foundation currently has seven events per calendar year.
I joined CTR Development, LLC after supporting and servicing their financial needs. It was determined as a move in the right direction to join the CTR team and begin facilitating a new opportunity that will shape the market. I support CTR with financial decision making and delivers presentations for the growth of the Private Lending Program/Placement.
CTR Development, LLC (CTR) is an Illinois corporation established in 2006 by a father and his two sons for the purpose of creating cash flow using real estate. F. Micheal Bridges and his sons, M. Jason and Nicholas A. Bridges, bring an approximate combined fifty years of practical experience and expertise in real estate acquisition, construction, renovation, development and sales.
CTR buys distressed homes at discounted prices, renovates them and either 1) sells them for profit as a conventional sale or under a lease/option agreement with a tenant/buyer or 2) holds and leases the property. CTR primarily focuses on single family homes that are in the foreclosure process and successfully uses a short sale technique in negotiating with a seller’s lender to accept a significant discount on the mortgage balance. Although short sale transactions account for the majority of CTR’s portfolio, the company also seeks properties that are otherwise distressed to include bank owned or Real Estate Owned (REO) and motivated “For Sale by Owners†(FSBO). In the current market conditions, CTR is experiencing an unprecedented volume of opportunities especially in its foreclosure and pre-foreclosure target market. CTR has successfully branded itself regionally as an expert in short sale transactions. Through extensive advertising and direct mail campaigns, CTR constantly and effectively reaches its target market.
CTR seeks financing from multiple sources to include conventional short term and long term as well as private lenders. Acquisition funding shall be a short term loan from a conventional or private lender which will encompass the purchase price as well as some portion or the entire repair costs of a property in order to renovate it to its full After Repair Value (ARV). Once a particular property has been renovated, CTR will seek to refinance the property using a conventional long term loan.
Continue to agressively build a portfolio of properties. Incorporate Private Investing as a primary source for acquisition and portfolio development. Continue supporting investors with high yeilds through "Hard Money" lending, real estate aquisition, sales, and management services. Mold into the privately funded portfolio commercial aquisitions and development.
| Began Investing | June 2006 |
| Member Since | December 19, 2008 |
| Website | www.42foundation.com, www.ctrdevplp.com, www.pulaskibankstl.com/shadfield.html |