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Third Party: Lawsuit Filed in Fort Bend County, TX

Posted December 28, 2015

The lawsuit attached was filed in Fort Bend County, Texas and alleges that UDF management is using straw-borrowers which it controls to circumvent REIT rules.

UDF: Involuntary Bankruptcy Petition Filed by UDF

Posted November 30, 2015

UDF filed the attached involuntary bankruptcy petition against UDF III and UDF IV’s second largest non-affilliated borrower.

Third Party: Lawsuit Filed in Travis County, TX

Posted October 30, 2015

The lawsuit attached was filed in Travis County, Texas and in addition to claims of fraud and fraudulent transfer, the lawsuit claims that multiple entities with loans due to UDF IV are insolvent.