United Development Funding IV fka UDFI

[Enterprising Investor]

Expect some impairment. It is only natural.

The whole UDF situation reminds me a great deal of VMS Realty Investment, Ltd back in the early to mid-1990's. It operated an entire series of REITs and LPs that a loan would passthrough depending on the development stage of each property or project type. All of the funds got in trouble because of the sponsor. Prices went down below liquidation value.

Sound familiar?

I bought all of them. I cleaned up financially on all but one - VMS Hotel Investment Trust, which was renamed Banyan Hotel Investment Fund (BHIT) when VMS was tossed out. Since then it has been named BHIT Inc., Banyan Rail Services Inc. (BARA) and now MedAmerica Properties Inc. (MAMP). Small investment, so tiny dollar loss but large percentage.

If you have time and want to educate yourself, search EDGAR using "VMS" or "Banyan" as keywords.

Centurian American and it's CEO Mehrdad Moayedi keep doing amazing deals around North Texas. The Dallas Morning News keeps close tabs on his wheeling and dealing:

https://www.dallasnews.com/search?q=moayedi