United Development Funding IV fka UDFI

[Phaedrus77]

The Advisor is paid a fee equal to 1.5% of the Trust’s equity each year.

No interest accrual = lower equity = lower fees to the crooks.

Writing off loans = lower equity = lower fees to the crooks.

In my opinion, there’s about a 0.01% chance they’ve stopped accruing interest. Someone’s gotta pay for Jester’s boy to go to baseball camp.

I should also add that paying distributions = lower equity = lower fees to the crooks. Perhaps that’s why we’re only getting a lousy 6.5 cents. It’s not like homebuilders are beating a path to UDF’s door to borrow money now.