United Development Funding IV fka UDFI

[Phaedrus77]

The $43 million was the maximum loan amount, not the funded amount. At 9/30/15, the largest loan was 62% of the portfolio (ie about $27 million). I assume that was this loan. The maximum loan amount for all 8 loans was $132 million.

I doubt they funded the whole thing since I think Bass put the kibosh on UDF V’s fundraising activities.

I’d also note that the 8-k doesn’t mention any loss associated with the deal...I assume they’d mention it if it was material. If they really loan at a max of 85% LTV, and real estate values have increased the last 5 years, then there may not be a loss. Apologies if this is blather and worthless speculation... ;)