Writing
Notes from the edge of private credit.
Essays on fraud, verification, and operations in private real estate lending. Written for operators, capital partners, and reporters covering the beat.
- June 10, 2026Market commentary · 7 min read
Why private lending is the next fraud frontier
Bank fraud has decades of controls behind it. Private real estate lending has spreadsheets and goodwill. That gap is the opportunity — and the risk.
- May 22, 2026Photo verification · 9 min read
The five photo fraud patterns I see most
Recycled images, cross-site staging, partial-completion framing, scraped listings, and AI-generated progress. Field notes from reviewing thousands of draw submissions.
- May 4, 2026Draw fraud · 8 min read
Draw decisioning should be a verdict, not a checklist
Why pass / review / fail is the only draw output that scales — and what it takes to produce one a credit committee will actually defend.