Patrick co-founded Diamond Acquisitions with Corey Dearmont in April 2023 and serves as the company’s CFO. His remit is the part of a cash sale that sellers feel most when something goes wrong somewhere else: did the money show up at the title company on the agreed day, in the agreed amount, for a clean wire transfer or certified check?
For a seller, the practical version of Patrick’s job is straightforward — when Diamond writes a cash offer, the capital behind that offer is already lined up. We are a direct buyer, not a wholesaler who runs around looking for a buyer after signing a contract with the seller. Patrick is the reason that holds: he manages the banking relationships, the proof-of-funds documentation that title companies request, and the cash reserves Diamond keeps available so a closing date that’s been promised is a closing date that’s met.
Patrick is named alongside Corey on the company’s Better Business Bureau profile and is the person responsible at Diamond for the financial accountability a seller would want to verify before signing — that the buyer on the other side of the table actually has the money, and that the title company will see it in the escrow account when it’s supposed to be there.