Hayman’s research raises questions concerning UDF IV’s latest stated financial position and disclosures.
Hayman’s latest presentation analyzes how the circumstances surrounding a recent default do not seem to square with how UDF IV described its financial position.
Hayman’s research raises questions about Alpha Ranch, a UDF-funded residential development project, and examines the relevant debt versus equity considerations, which could create significant tax consequences.
Hayman’s latest presentation outlines another case study that highlights numerous recurring red flags regarding UDF loans and the nature of the financial relationship between UDF and its largest borrower.
Hayman’s latest research examines UDF’s problematic past (and present) in its case study of Northpointe Crossing, a residential real estate development in Anna, Texas.