Hayman’s research raises questions concerning UDF IV’s latest stated financial position and disclosures.
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 research examines UDF’s problematic past (and present) in its case study of Northpointe Crossing, a residential real estate development in Anna, Texas.
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.
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.
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.