Have you suffered losses investing in UDF III?
Are you concerned about your losses investing in United Development Fund III (UDF III)? If so, The White Law Group may be able to help by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
United Development Funding III LP operates as a real estate investment firm for institutional investors. The Company’s investment strategy if based on financing and acquiring land for median-priced residential homes, according to Bloomberg.
According to their website, UDF III is committed to offering innovative, forward-thinking solutions with the goal of:
-Providing attractive income with immediate cash flow
-Preserving, protecting and returning capital contributions
-Delivering earnings stability through monthly distributions
UDF III also states the following Risk Factors:
– absence of a public market for these securities
-lack of an operating history,
-absence of loans identified for acquisition,
-limited transferability and lack of liquidity,
-possibility of substantial delay before distributions are made,
-reliance on the fund’s general partner,
– payment of significant fees to the general partner and its affiliates,
-potential conflicts of interest,
-lack of diversification in mortgage loans until significant funds have been raised
The White Law Group has handled a number of claims involving UDF investments. A secondary market for private placements, LP Sales, continues to sell shares of UDF III in October for just $3.50 per share. This is at a significant loss to investors.
Recovery of Investment Losses
If you suffered losses investing in UDF III and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm represents investors in FINRA arbitration claims throughout the country. Visit the firm’s homepage to learn more about the firm’s representation of investors.Tags: Chicago broker fraud attorney, Chicago FINRA attorney, Chicago investment fraud attorney, Chicago securities attorney, Chicago securities lawyer, UDF III bad investment, UDF III Bad news, UDF III class action, UDF III complaints, UDF III home, UDF III Investigation, UDF III lawsuit, UDF III liquidation, UDF III losses, UDF III price, UDF III prospectus, UDF III recovery options, UDF III Secondary Market, UDF III sell, UDF III valuation, UDF III Wells Notice, UDF III yield, United Development Fund III bad investment, United Development Fund III class action, United Development Fund III complaints, United Development Fund III investigation, United Development Fund III lawsuit, United Development Fund III losses, United Development Fund III risky, United Development Fund III secondary market, United Development Fund III securities fraud attorney, United Development Fund III value, Vero Beach investment fraud attorney, Vero Beach securities attorney, Vero Beach securities lawyer Last modified: June 27, 2017