United Development Funding IV [Acquired] | REIT Profile
Symbol: UDFI
new symbol: RC
CIK: 1440292
Exchange: OTCMKTS
Founded: 2008
HQ: Grapevine, TX, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Mortgage
Externally Managed REIT
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United Development Funding IV ("UDF IV") is a real estate investment trust (REIT) that invests primarily in secured loans for the acquisition and development of land into single-family home lots and the construction of model and new single-family homes. UDF IV also makes strategic equity investments in residential real estate in some of the nation's largest housing markets. In 2009, UDF IV's experienced management team forecasted shortages of homes and finished lots in desirable markets due to limited development and construction lending. UDF IV took advantage of this dynamic by filling the financing gap left by banks, and continues to help its clients capture market share in select markets with strong demand fundamentals.
Latest REIT Press Releases
- Ready Capital - Ready Capital and United Development Funding IV Announce Definitive Agreement for Ready Capital to Acquire United Development Funding IV - Mon, 02 Dec 2024 13:31:32 UTC
- United Development Funding IV Press Release: United Development Funding IV and United Development Funding Income Fund V Announce Distributions - 11 Sep 2020 08:27:22 -0400
- United Development Funding IV Press Release: United Development Funding IV Issues Response to NexPoint - 1 Sep 2020 09:25:21 -0400
- United Development Funding IV Press Release: UDF Files Brief to Oppose Kyle Bass and Hayman Capital Appeal to Texas Supreme Court - 22 Jan 2020 08:07:15 -0500
Related Information
| Material | Source | Description |
|---|---|---|
| Ready Capital Corporation Announces Completion of Merger (2025-03-13) | GLOBE NEWSWIRE | NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it has completed the previously announced acquisition of United Development Funding IV (“UDF IV”) (the “Merger”) pursuant to the terms of the Agreement and Plan of Merger, dated as of November 29, 2024, by and among Ready Capital, RC Merger Sub IV, LLC, and UDF IV. The combined company will conduct business under the name “Ready Capital Corporation” and will continue to trade on the New York Stock Exchange under the ticker symbol “RC.” |
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Last updated: 2025-07-11 - v6.4