Cypress Income Fund IV Note Holders Receive “Event of Default” Notice

Cypress Income Fund IV Note Holders Receive “Event of Default” Notice 150 150 Rex Securities Law

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.

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