![]() The company currently has no credit defaults in its portfolio. The company's average loan duration is 33 months and with an average loan-to-value of 85%. UDF has 120 loans in its portfolio (as of the listing) with a portfolio size of $544.8 million. UDF targets the largest US markets where single family building permits are the strongest.Īccordingly, UDF focuses on the Top 20 CBSAs with the highest housing permit volumes. Here is a snapshot of the company's target loan markets: ![]() To address these needs, UDF loan offerings range from equity and land asset holdings to mezzanine and debtor-in-possession financing to secured first lien loans, giving the company the flexibility and agility to structure and quickly execute effective transactions. UDF operate in select markets across the country where capital requirements inherent in land acquisition and development and the scarcity of favorable financing options present a desirable solution to builders and developers. UDF commenced its capital formation as a non-traded REIT, one of 6 public REIT products incubated on RSC Capital's (RSCC) wholesale/retail broker-dealer platform. The Grapevine, Texas-based REIT provides financing for acquisition and development of land in supply constrained markets by providing loans to developers and homebuilders for finished lots, as well as homebuilder lines of credit for construction of single-family homes. UDF is a mortgage REIT with a differentiated model that provides debt and equity capital solutions to leading developers and home-builders. Shares remained flat on the second day of trading and closed at $19.60. On the first day of trading, UDF opened trading at $21.04 with around 212,000 share traded. The company started a tender offer to purchase up to $35 million in value of common shares for a purchase price of $20.50 per share, net to the seller in cash. The primary job of the shell initialization file is to define the user's shell environment, such as the search path, environment variables, and windowing environment.Ĭontrols the default file permissions assigned to the file or directory.On June 4 United Development Funding IV ( NASDAQ: UDF) listed its common shares on Nasdaq under the ticker symbol UDF. The initialization file will set up the work environment and customize the shell environment for the user. The UID is typically a number between 100 and 60,002, but it can go as high as 2,147,483,647.Ī shell initialization file is a shell script that runs automatically each time the user logs in. All UIDs must be consistent across the network. See also live upgrade.Ī unique number assigned to each user account. An upgrade will save as many modifications as possible from the previous version of Solaris that is currently running on your system. Performed on a system that is already running Solaris 2.6, Solaris 7, Solaris 8, or a previous release of Solaris 9. SUNW is Sun Microsystems' ticker symbol on the stock exchange, hence the SUNW prefix. Packages are administered by using the package administration commands, and they are generally identified by a SUNW xxx naming convention when supplied by Sun Microsystems. The kernel consists of a two-piece static core called genunix and unix.Ī Solaris software package is the standard way to deliver bundled and unbundled software. It locates and loads the two-part kernel. ![]() The process of storing file system operations to a log before the transactions are applied to the file system. The default disk-based file system for the Solaris operating environment. A file system used for storing information on the optical media technology called DVD (Digital Versatile Disc or Digital Video Disc).
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