United Development Funding Income Fund V – UDF Income Fund V
Have you suffered losses investing in UDF Income Fund V at the recommendation of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA arbitration claim.
United Development Funding Income Fund V (“UDF V” or “UDF Income Fund V”) is a real estate investment trust (REIT) formed to generate current interest income by investing in secured loans and producing profits from investments in residential real estate, according to its website. UDF Income Fund V is a non-traded REIT sponsored by United Development Funding in a Grapevine, Texas.
As of December 2015, United Development Funding Income Fund V had raised over $40 million in capital from individual, retail investors.
As we told you in February 2016, the FBI raided United Development Funding’s offices in Grapevine, Texas investigating allegations of a possible Ponzi scheme involving another offering, UDF IV.
Recovery of Investment Losses in UDF Income Fund V
The White Law Group has received numerous calls from investors who have suffered losses investing in UDF funds. The firm continues to investigate potential claims in all of the UDF offerings such as UDF Income Fund V.
Unfortunately for some investors limited partnerships and real estate investment trusts (REIT) sponsored by UDF were not as “safe” as their broker led them to believe.
In general, limited partnerships and REITs lack liquidity and are inherently risky. These types of products are sophisticated complex investments that are better suited for institutional investors or investors who can afford total loss of their capital investment.
If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through a FINRA arbitration.
If you have suffered investment losses incurred as a result of your UDF Income Fund V investment or another UDF offering, please contact The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.