I think the entry you link to says that UDF took over the collateral. also, this is the small Buffington loan. if my memory is correct, the larger Buffington loan had IV as the first lien lender. it was a $68M loan and the collateral was liquidated for $40M. write off was $28M at IV.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.