United Development Funding IV fka UDFI

[ofirm]

either that or increased collateral value (which also happened naturally in 2021 -
2022 as well) will increase loan values on the books. which might fit into what
I believe is throwing the kitchen sink by the new management (despite being
trustees while the events were happening) and being able to take asset values
up over time as the loans get paid and notes do not go down any more as much
as cash generated by pay backs. seen this process so many times over the
last 20 years with loan closed end funds.
Some of the loans being second lien make the ability to lend development loans
even more important. the quicker you develop and sell, the quicker loan value
and eventual monetization happens. this is not replacing old loans with new ones.
This fund have suffered due to management being crooked (and external bodies
being as crooked or more) and now with increased pay back they have the means
to supply development loans and rescue their second lien loans (which I think
was the original idea for this business plan of making non predictable cash flow
into an annuity like dividend machine - which defies natural laws...).