A few weeks ago, one of the loans in our portfolio nearly lost its most important asset. Not the property. The person. Every deal is a bet on a person. Underwrite the day the person leaves. Here is what happened, with details changed to protect privacy. Two partners were mid-rehab on a project we financed. One brought the capital. The other brought everything else. He was the contractor running the job and the agent who would sell it. Then, halfway through the project, they s

There are lenders right now approving million-dollar loans in minutes. Datasets, valuation algorithms, instant term sheets. No phone call. No site visit. No human being anywhere in the decision. The pitch is speed and scale. And for standardized lending, consumer loans, conforming mortgages, automation genuinely works. Construction and rehab lending is not standardized. I want to walk you through why the industry is splitting into two camps that are both wrong, and what we do

I'll be honest about something I don't usually admit. A few months ago I went deep studying an investor who had reportedly built nine figures in a fraction of the time it's taking me. Operating brands, a sprawling holding company, an education empire layered on top. Big numbers, loud platform, the whole thing engineered to make ambitious people feel like they're moving too slow. And for a few days, it worked on me. I caught myself asking the question it's designed to make you

We just closed the books on the first half of 2026, and the headline is one I'm proud of: $14.4 million funded across Q1 and Q2. That already exceeds everything we did in all of 2025 by $3.6M, in half the time. But I've been doing this long enough to know growth numbers are the easiest thing in the world to dress up. Anyone can deploy more capital. The questions that actually matter are how you grew, and whether quality held while volume climbed. Here is what is underneath th

The biggest lender in my corner of the market just got acquired for $717 million. Most people outside private lending did not notice. If you allocate capital anywhere near private credit, or you are trying to understand where it is headed, you should pay attention to this one. What Happened Figure Technology Solutions, the publicly traded blockchain-based capital markets platform, agreed to acquire Kiavi, the nation's largest residential transition loan lender. Kiavi originat

I was listening to Alex Hormozi break down business-building recently and he made a framework click for me that I want to pass along. Most people stumble into one of these by accident instead of choosing it on purpose. And the wrong fit will quietly cost you years. There are really only four ways to build wealth through business. Every one of them works. But they demand different things from you, carry different risks, and reward completely different temperaments. 1. Bootstra