United Development Funding III, L.P.
Property Description
United Development Funding III, L.P. (UDF III)’s investment strategy is based on financing the acquisition and development of land for median-priced residential housing. Land acquisition is the critical first step in the launching of any neighborhood development. While most traditional real estate investments focus on the end product, UDF III takes advantage of the opportunity to offer solutions to homebuilders and developers long before the sale of the individual home lots.The intended portfolio of loans will predominately consist of short-term land acquisition and development loans, generally 24 to 36 months in length. The interest income will be scheduled monthly with principal repaid upon sale of the single family lot and will not be contingent upon the construction and sale of individual homes. Through extensive market research and analysis, UDF III will target markets with strong local economies and sustainable growth.
Please note that Net Asset Value (NAV) and Funds From Operation (FFO) are not reported for this asset; refer to the SEC EDGAR Filings link for additional information.
Downloadable Documents Sign In to Access
REITbid is a branch of JRL Capital Corporation, Members FINRA & SIPC since 1981
All information contained on this page is from publicly available sources deemed reliable and is not warranted or guaranteed by JRL Capital Corporation, its principals, agents, partners or related companies, REITbid, Share Trading Associates, LFC Marketing Services, Inc. or any of their principals or agents. Information contained on this page and links to information may not be the most current, is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any security. Prices and availability are subject to change. Above parties make no recommendations regarding either the purchase or sale of securities, and the information contained herein does not constitute a recommendation. Both buyers and sellers are encouraged to consult an investment and/or legal or tax advisor.
US $1.15
Minimum Bid Increment: US $0.01
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How to Buy
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
BID NOT ACCEPTED
Your bid is below the minimum bid of US $1.15
BID NOT ACCEPTED
Your bid must be at or above the next acceptable bid of %s.
CURRENT HIGH BID: US $0.00
Minimum Bid Increment: US $0.01
BID NOT ACCEPTED
Your bid must be at or above the next acceptable bid of %s.
CURRENT HIGH BID: US $0.00 per share for shares.
Minimum Bid Increment: per share
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| Bidder ID | Bid /Type | Date | Time | Type |
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| No bids have been placed yet. | ||||
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Property Type:
REIT
Property Description
United Development Funding III, L.P. (UDF III)’s investment strategy is based on financing the acquisition and development of land for median-priced residential housing. Land acquisition is the critical first step in the launching of any neighborhood development. While most traditional real estate investments focus on the end product, UDF III takes advantage of the opportunity to offer solutions to homebuilders and developers long before the sale of the individual home lots.The intended portfolio of loans will predominately consist of short-term land acquisition and development loans, generally 24 to 36 months in length. The interest income will be scheduled monthly with principal repaid upon sale of the single family lot and will not be contingent upon the construction and sale of individual homes. Through extensive market research and analysis, UDF III will target markets with strong local economies and sustainable growth.
Please note that Net Asset Value (NAV) and Funds From Operation (FFO) are not reported for this asset; refer to the SEC EDGAR Filings link for additional information.
Financing
There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.
If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
REITbid is a branch of JRL Capital Corporation, Members FINRA & SIPC since 1981.
All information contained on this page is from publicly available sources deemed reliable and is not warranted or guaranteed by JRL Capital Corporation, its principals, agents, partners or related companies, REITbid, Share Trading Associates, LFC Marketing Services, Inc or any of their principals or agents. Information contained on this page and links to information may not be the most current, is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any security. Prices and availability are subject to change. Above parties make no recommendations regarding either the purchase or sale of securities, and the information contained herein does not constitute a recommendation. Both buyers and sellers are encouraged to consult an investment and/or legal or tax advisor.