Ready Capital plans to purchase Irving-based real estate investment trust United Development Funding IV in a deal that could be worth $181 million. The transaction would bolster New York City-based Ready Capital’s portfolio by integrating UDF IV’s land development lending platform and expanding the firm into residential land loans in the highly desired DFW market. Read about the latest step in the United Development Funding saga, which includes a long-running feud with multibillion-dollar alternative investment firm NexPoint, multiple civil suits and a criminal trial.
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Embattled residential lender UDF IV agrees to buyout by NYC firm
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