On August 28th, 2014, the Bank of Utah sent out notice to Holders of Participation Units in the Secured Recourse 8.25% Promissory Note of Cypress Income Fund IV, LLC, (Cypress IV) that it had been advised by Cypress IV that it failed to make the full quarterly installment payment due June 30, 2014, on a $15 million note.
According to the notice, Cypress IV has provided Bank of Utah with a response indicating that there is insufficient net cash flow and that the assets of Cypress IV do not produce ongoing cash flow. The notice can be reviewed below.
Cypress Income Fund IV Bank of Utah Notice Aug 2014
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Nationwide Representation
TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870