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United Development Funding IV amends forbearance agreement

UnitedDevelopment Funding IV amended a forbearance agreement with lendersparty to a 2014 loan agreement.

The loanagreement was between United Development and Waterfall Finance 4 LLC for a $35 million term loan. On May17, United Development entered into a forbearance agreement with Waterfall EdenMaster Fund Ltd., Waterfall Sandstone Fund LP and HEDCO ABS Ltd., assuccessors-in-interest to Waterfall Finance.

The amendment extends the forbearance period to Sept. 30from Aug. 4.

United Development repaid all remaining outstandingprincipal and interest under the loan to lenders Sept. 29.