United Development Funding IV Experiences Events of Default; Suspends Distributions to Shareholders

United Development Funding IV (“UDF IV”), a Texas-based real estate investment trust announced in a May 23, 2016 filing with the Securities and Exchange Commission that it had experienced “certain events of default” and entered into a forbearance agreement with one of its lenders regarding a $35 million loan that originated on July 2, 2014…. Read more »

United Development Funding IV—Ponzi Scheme Allegations Report

United Development Funding IV, a Texas REIT, Has Allegedly Operated for Years as a Ponzi Scheme, According to Blogger United Development Funding IV, a Texas REIT, has allegedly operated for years as a Ponzi scheme, according to a Harvest Exchange post currently under review by attorneys Joe Peiffer and Alan Rosca. UDF IV was a nontraded… Read more »