Overview

(Please note that UDF Income Fund V is closed to new subscriptions.)

United Development Funding Income Fund V (“UDF Income Fund V”) is a real estate investment trust (“REIT”) created with the objective of generating interest income by investing in secured loans and producing profits from investments in residential real estate. 

UDF Income Fund V also intends to make strategic equity investments in residential real estate in select geographic markets, and will seek an increased return by providing credit enhancements for the benefit of other entities that are associated with residential real estate financing transactions.

Latest News

August 22, 2022 in UDF IV News, UDF V News

United Development Funding IV and UDF Income Fund V Announce Distributions for Q3 2022

GRAPEVINE, Texas, August 22, 2022  (GLOBE NEWSWIRE)— United Development Funding IV (“UDF IV”) announced today that on August 19, 2022, its board of trustees authorized a cash distribution of $0.065 per share payable on September 30, 2022, to shareholders of record at the close of business on September 23, 2022.…
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May 31, 2022 in UDF IV News, UDF V News

United Development Funding IV and UDF Income Fund V Announce Distributions for Q2 2022

GRAPEVINE, Texas, May 31, 2022 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV”) announced today that on May 27, 2022, its board of trustees authorized a cash distribution of $0.065 per share payable on June 30, 2022, to shareholders of record at the close of business on June 23,…
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ALL UDF V NEWS

Investment Strategy

  • Distinctive Sector Focus – Equity and debt financing to developers in the affordable single-family residential housing industry 

  • Targeted Market Selection – Geographic markets with strong new single family residential demand fundamentals 

  • Diversified Investments – Secured loan and equity investments typically ranging from $2.5 to $15 million

  • Strategic Relationships – We believe our extensive relationships and reputation within the land development, homebuilding and finance community provide a strong base to scale investment activity 

 

Focus on Supply, Demand & Affordability

Target markets will exhibit the following: 

Balanced supplies of existing homes, new homes, and finished lots 

Strong demand fundamentals for new homes: population growth, job growth, and consumer confidence 

Affordable home prices where the average working family income is adequate to purchase a median-priced new home 

Four Part Evaluation & Oversight

1

Economic Feasibility Study

a) Independent review of borrower’s projected cash flow from project, b) Independently review lot and land acquisition and disposition assumptions
2

Engineering Due Diligence

a) Review planning, approvals, permitting, inspections and engineering readiness; b)Review approvals affecting aquifers, endangered species, wetlands & historic sites
3

Exit Strategy Analysis

a) Review lot purchase contracts, homes sales data, and risk analysis; b) Alternative buyers and uses for the land and lots identified
4

Transaction Execution Oversight

a) Asset manager monitors project performance; b) Scheduled meetings with borrower to ensure the timely development of the asset

Income Opportunities in Residential Development

UDF Income Fund V Leadership

UDF Income Fund V’s management has extensive experience in homebuilding, land development, asset management, development finance, public accounting, tax law and market involvement.  UDF Income Fund V benefits from the latest research and analysis of homebuilding trends, population flow, consumer attitudes, monetary policy, market movements and the role that each field plays in shaping the industry.

Investor Login

Investor account information is available 24/7 online at UDF’s password protected investor account information portal.

Investor Documents

Download investor forms, access governance documents and account information.

Risk Factors

Investing in our shares involves a high degree of risk. You should purchase our shares only if you can afford a complete loss of your investment.

Some significant risks include the following: 1) Absence of a public market for our shares and a lack of liquidity. 2) Limited operating history or established financing sources. 3) Lack of a diversified portfolio. 4) Ability of our board of trustees to change the methods of implementing our investment policies without shareholder approval. 5) Payment of substantial fees to our advisor and its affiliates. 6) Conflicts of interest facing us and our advisor and its affiliates. 7) Absence of any guarantee that you will receive distributions (distributions have been paid from sources other than cash flow from operations, including proceeds, borrowings or the sale of assets. Payments of distributions from sources other than cash flow from operations reduce the amount of capital available for real estate investments and may decrease or diminish your interest). 8) Absence of any guarantee that we will qualify as a real estate investment trust in any given year. 9) Absence of any guarantee that you will receive distributions (if we do not have enough cash to make distributions, we may borrow, use offering proceeds, issue additional securities or sell assets in order to fund distributions, which will make less funds available for real estate investments, and your overall return may be reduced). 10) Risk associated with the cyclical nature of the homebuilding industry since our activities are limited to this specific sector. We will be affected by changes in industry conditions, as well as by general and local economic conditions. These conditions may occur on a national scale or may affect some of the regions or markets in which we operate more than others.