Pat Lundberg

SE Baltimore, Architect & Developer, Principal @UDG_Arch, proud @BBBSA & @ThreadBaltimore mentor / volunteer, lover of cities

[Pat Lundberg @Pat_Lundberg]

I was hounding a client for $10k he owed me a few years back, and he responded with a pic from the hospital with his hospital bracelet and gold Rolex. These guys are everywhere

[Kyle Mitchell @opinioncasino]

Here is another hilarious Josh Cohen story. He recently got sued again (I think he has over a dozen outstanding suits now) and the commentary is so funny. Pretty sure he’s going to be facing life here. My god. Have a read:

A West Texas trucking contractor just filed 32 pages of receipts in a Texas lawsuit against Josh Cohen and Vision Oil & Gas. What the exhibit documents is the anatomy of an alleged scheme where the vendor kept asking to get paid and kept being offered, in order: stock, an ambulance selfie, dinner, a fishing trip, a girlfriend’s house in Montauk, business cards, a merger, and a lawsuit.

Oct 2025: Phoenix Resources signs an MSA and starts hauling for Vision.

Jan 2026: Invoices hit 60 days past due. Instead of a check, Cohen offers the owner stock as “gratitude” and calls him “the reason we will succeed.”

Feb 5: The vendor tries to get him on the phone about the money. Cohen’s reply: “Can I call you later?” — followed hours later by a selfie from the back of an ambulance. He’d gotten into a fight at a gas station with a guy who “swung like a bitch.” Gurney shot included. The invoices do not come up.

Feb 2026: Invoices hit 90 days. The deflection menu expands to dinner invites, fishing trips, his girlfriend’s Montauk house, University Lands business cards (“these guys run all 2 million acres”), a promised preferred-vendor list, and a merger with a friend’s dirt work company “doing $800k a month.” The vendor is still asking for the check.

Feb 10: Cohen sends Azure Holding Group’s amended OTC filings, calls his podcast critics “scammers” and “short sellers” he’s suing, and predicts the $0.40 stock is “definitely going back up to 5-6 bucks.” The vendor replies he already saw Phoenix named on X.

Feb 24: “Phoenix Resources has ran out of funds to continue operations.” Balance: $159,705 past 30 days.

Feb 25: Cohen proposes a 3(a)(10) issuance — convert the debt into free-trading penny stock via a “coordinated lawsuit,” plus an extra $100-150k in stock “for work not performed yet.” His own screenshot shows the stock traded ~$449k in total dollar volume that entire month. Meaning the proposed payment vehicle had, across an entire month of trading, less liquidity than the invoice. The vendor refuses five times. “No man just send me a check.” Cohen: “you are being unreasonable.”

March–May: Debt reaches $201,606. “Weekly payments starting 3/31.” Nothing. “Friday wire.” Nothing. Eight documented payment promises. Zero documented payments.

June 5, 2026: Cohen was arrested in New York on Texas warrants — theft of services and engaging in organized criminal activity, first-degree felonies, tied to an alleged $1.2M+ scheme against oilfield service companies. The Reeves County DA says the investigation started because victims spoke up publicly online. Azure’s board removed him days later.

The critics he was suing had flagged all of it months earlier.

Cohen denies the allegations and is presumed innocent. The exhibit is public record.

[Pat Lundberg @Pat_Lundberg]

@Panayioti @TrillBroDude @grok Four Seasons Philly

[Pat Lundberg @Pat_Lundberg]

@harrisonfinberg Ditto, and that’s what the lenders req’d. We’ve done a couple church conversion HTC deals in Baltimore, with 8 and 10 resi units which made it work. Tough to make work with 3-6 units for this sort of project

[Pat Lundberg @Pat_Lundberg]

@harrisonfinberg Yeah same but does it pencil?

[Pat Lundberg @Pat_Lundberg]

@JohnJBlatchford @GeringerAdam cool; thanks for the replies!

[Pat Lundberg @Pat_Lundberg]

@JohnJBlatchford @GeringerAdam is it hard to find tax credit buyers for these smaller / mid-size projects? Do you have partners on the equity or at this point is it all you?

[Pat Lundberg @Pat_Lundberg]

@JohnJBlatchford @kered4321 true...lots of good NPS technical preservation feedback on this item. We've done jobs where due to formstone or old paint, the original brick was beyond repair, and repainting with the right spec was the best approach for multiple reasons

[Pat Lundberg @Pat_Lundberg]

@patcarino Harvesting daylight can refer to providing natural light to rooms that otherwise wouldn’t have it, esp where required by code. Can make embedded bedrooms or livable spaces come into compliance (ie, LIHTC)

[Pat Lundberg @Pat_Lundberg]

Seeing that folks liked this, figured good ole' streetview is a nice way to show how we've transformed some city properties (h/t @mnolangray).
Here's the 1700 block of Aliceanna in Fells Point, Baltimore. Turned a vacant lot to 12 rowhomes, and vacant church & rectory into a multi-tenant commercial building & a K-6 charter school

[Pat Lundberg @Pat_Lundberg]

@bobbyfijan You'll appreciate this row we did in ~2016. All have ground floor parking from the rear, in a shared driveway with a charter school. Hugely successful https://t.co/dk47G9ljIz

[Pat Lundberg @Pat_Lundberg]

@jjtolliver For better or worse that scene lives on

[Pat Lundberg @Pat_Lundberg]

Baltimore dive bars remain unbeaten.

Stopped by my favorite tonight, Venice Tavern, the undisputed dive bar champion. A basement joint in Highlandtown.

Ordered a Resurrection, the legendary Belgian ale of the now-closed Brewers Art. Anywhere else in town, $8-10 for this on tap

[Pat Lundberg @Pat_Lundberg]

Minute after that, profanity-laced argument between bartender and patron about managing the pony gambling and managing the bar. I dunno. Either way, I love it. The people are not phased. The night goes on

Love this town, #baltimore

[Pat Lundberg @Pat_Lundberg]

Here, it’s $4, baby. What’s your card minimum? (I’ll get as many as I need to). No card, cash only. Damn, it’s been that long since I’ve been here

Next second, old timer at the bar with a stack of cash betting on the digital ponies picks it up for me. Salt of the earth

[Pat Lundberg @Pat_Lundberg]

@bobbyfijan You'll appreciate this row we did in ~2016. All have ground floor parking from the rear, in a shared driveway with a charter school. Hugely successful https://t.co/dk47G9ljIz

[Pat Lundberg @Pat_Lundberg]

@mwmoedinger @CohenSite Pipeline is everything, to your point on capitalization. That’s been the downfall for several in this space.

[Pat Lundberg @Pat_Lundberg]

@HayesGardner @BaltimoreBanner @emilyopilo They picked the wrong developers and never held them accountable. All of this despite plenty of truly qualified and experienced developers putting their hat in the ring, and urging the BDC to make a change before it was too late

[Pat Lundberg @Pat_Lundberg]

@financedystop They’re called Juliet Balconies in the biz. A cheaper way to give a “balcony-like” feel. Frequently see these on mid-rise projects, but on a high-rise is nuts. Either way, they’re dumb

[Pat Lundberg @Pat_Lundberg]

This is WILD. What a town

[BaltBizRE @BaltBizRE]

BDC to lead Super Block redevelopment in downtown Baltimore - Baltimore Business Journal https://t.co/lTbMF5lIR2 via @BaltBizOnline

[Pat Lundberg @Pat_Lundberg]

@TheRealMher @harrisonfinberg ~400k will set up a family great in Baltimore. This is probably the best city neighborhood for young families, Canton. Great zoned public school for K-8, great park just north and waterfront just south. Loads of walkable amenities. Property taxes suck though

[Pat Lundberg @Pat_Lundberg]

@harrisonfinberg Maybe everyone will start buying row houses and raise a family of 5 in 1200 sf 🤷. Just like the good ole days