Hayman’s case study of Northpointe Crossing examines how UDF was lending on real estate in tertiary markets leading up to the financial crisis in late 2007.
Hayman’s case study on the problematic nature of a development which UDF financed, foreclosed upon and then financed again through multiple successive funds, leading up to, and subsequent to, the great financial crisis.
Hayman’s overview of IRS case law, restrictions placed on REITs, debt versus equity issues and the potential implications for UDF IV.
Hayman’s case study presentation shows how UDF IV public shareholder capital helped fund payments to an affiliated UDF fund which had previously lost millions.
Hayman’s case study presentation on how UDF management has not recognized realized losses in a public UDF affiliate and the implications for UDF IV.
Hayman’s Case Study presentation demonstrates how loans to UDF’s largest borrower regularly do not generate any cash (principle or interest), are extended without fees and accrue larger and larger balances for years.