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Blog: UDF IV’s Stated Financial Position vs. Reality

Posted October 12, 2016

Hayman’s research raises questions concerning UDF IV’s latest stated financial position and disclosures.

Blog: Alpha Ranch

Posted October 5, 2016

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.

Blog: The Northpointe Crossing Quandary

Posted September 9, 2016

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.

Blog: The Precarious Preston Manor

Posted August 30, 2016

UDF’s Ponzi-like real estate scheme continues to unravel as it tries to create liquidity through the dissipation of collateral to repay various creditors or to satisfy other financial obligations.

Blog: Is UDF a Legitimate REIT?

Posted August 11, 2016

Hayman's latest research considers the restrictions placed on REITs, the tax consequences of income derived from “prohibited transactions” and case law that provides guidelines for determining the “debt versus equity” question.  

Blog: FORTUNE helps shed light on UDF’s Ponzi-like real estate scheme

Posted February 9, 2016

Coverage continues to roll in, helping to shed light on UDF’s Ponzi-like real estate scheme. Writing for FORTUNE, Jen Wieczner provides an overview of the position highlighting Kyle Bass’s experience with real estate investments.