Replies to post #329 on United Development Funding IV fka UDFI

[Phaedrus77]

The last Q filed showed only $30 million of loans with a maturity date after 2017 ($130 total maturing after 2016).

If they’ve only originated $31 of new loans across the entire UDF complex since then, then UDFI’s revenue has to be next to nothing now. I suppose they could invest the cash received from maturing loans in MBS and earn interest that way, but they’ve got to be burning through quite a bit of cash now.

Just out of curiosity, has anyone called the company to ask what’s taking so long? 3 years to audit/restate the financials of a $500 million company is beyond absurd.