United Development Funding (“UDF”) was founded in 2003 on the concept of providing investors with an opportunity to diversify their portfolios with unique and fundamentally sound investments in affordable residential real estate. Since its inception, UDF has steadily earned a reputation through its multiple funds for originating and participating in real estate financing structures for residential land acquisition and development, delivering value to its clients and its investors. UDF invests in the development and construction of new, affordable, single-family homes through a family of public and private funds, which direct investor capital towards the financing of homebuilders and land developers. We operate in select markets across the country, which demonstrate strong demand fundamentals, growing economies, and affordable home pricing. UDF understands the capital requirements inherent in land acquisition and development and the scarcity of favorable financing options present to builders and developers. To address these needs, our offerings range from equity and land asset holdings to mezzanine and debtor-in-possession financing to secured first lien loans, giving us the flexibility and agility to structure and quickly execute effective transactions.