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<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2008-03-31.xsd#negated" roleURI="http://xbrl.us/us-gaap/role/label/negated"/>
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel"/> <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel"/>
<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DocumentAndEntityInformationAbstract" xlink:label="loc_udf_DocumentAndEntityInformationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DocumentAndEntityInformationAbstract" xml:lang="en-US">Document and Entity Information [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_DocumentAndEntityInformationAbstract" xml:lang="en-US">Document and Entity Information [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_DocumentAndEntityInformationAbstract" xml:lang="en-US">Document and Entity Information.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DocumentAndEntityInformationAbstract" xlink:to="lab_udf_DocumentAndEntityInformationAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementTable" xml:lang="en-US">Statement [Table]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StatementTable" xml:lang="en-US">Statement [Table]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementTable" xlink:to="lab_us-gaap_StatementTable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementLineItems" xml:lang="en-US">Statement [Line Items]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StatementLineItems" xml:lang="en-US">Statement [Line Items]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementLineItems" xlink:to="lab_us-gaap_StatementLineItems"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityRegistrantName" xml:lang="en-US">Entity Registrant Name</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_EntityRegistrantName" xml:lang="en-US">Entity Registrant Name</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityCentralIndexKey" xml:lang="en-US">Entity Central Index Key</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_EntityCentralIndexKey" xml:lang="en-US">Entity Central Index Key</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_CurrentFiscalYearEndDate" xml:lang="en-US">Current Fiscal Year End Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_CurrentFiscalYearEndDate" xml:lang="en-US">Current Fiscal Year End Date</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityFilerCategory" xml:lang="en-US">Entity Filer Category</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_EntityFilerCategory" xml:lang="en-US">Entity Filer Category</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_TradingSymbol" xlink:label="loc_dei_TradingSymbol"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_TradingSymbol" xml:lang="en-US">Trading Symbol</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_TradingSymbol" xml:lang="en-US">Trading Symbol</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xml:lang="en-US">Entity Common Stock, Shares Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xml:lang="en-US">Entity Common Stock, Shares Outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding" xlink:to="lab_dei_EntityCommonStockSharesOutstanding"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_DocumentType" xml:lang="en-US">Document Type</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_DocumentType" xml:lang="en-US">Document Type</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_AmendmentFlag" xml:lang="en-US">Amendment Flag</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_AmendmentFlag" xml:lang="en-US">Amendment Flag</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_DocumentPeriodEndDate" xml:lang="en-US">Document Period End Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_DocumentPeriodEndDate" xml:lang="en-US">Document Period End Date</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xml:lang="en-US">Document Fiscal Period Focus</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xml:lang="en-US">Document Fiscal Period Focus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_dei_DocumentFiscalYearFocus" xml:lang="en-US">Document Fiscal Year Focus</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_dei_DocumentFiscalYearFocus" xml:lang="en-US">Document Fiscal Year Focus</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus" xlink:to="lab_dei_DocumentFiscalYearFocus"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract" xml:lang="en-US">Statement Of Financial Position [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract" xml:lang="en-US">Statement of Financial Position [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract" xlink:to="lab_us-gaap_StatementOfFinancialPositionAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AssetsAbstract" xml:lang="en-US">Assets [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AssetsAbstract" xml:lang="en-US">Assets:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsAbstract" xlink:to="lab_us-gaap_AssetsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and Cash Equivalents, At Carrying Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value, Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and cash equivalents at beginning of period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and cash equivalents at end of period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents" xml:lang="en-US">Restricted Cash and Cash Equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents" xml:lang="en-US">Restricted cash</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalents" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalents"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestReceivable" xlink:label="loc_us-gaap_InterestReceivable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InterestReceivable" xml:lang="en-US">Accrued Interest Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_InterestReceivable" xml:lang="en-US">Interest Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InterestReceivable" xml:lang="en-US">Accrued interest receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestReceivable" xlink:to="lab_us-gaap_InterestReceivable"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AccruedInterestReceivablesRelatedParty" xlink:label="loc_udf_AccruedInterestReceivablesRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AccruedInterestReceivablesRelatedParty" xml:lang="en-US">Accrued Interest Receivables Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_AccruedInterestReceivablesRelatedParty" xml:lang="en-US">Accrued interest receivable - related parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_AccruedInterestReceivablesRelatedParty" xml:lang="en-US">Carrying amount as of the balance sheet date of interest earned but not received from related party.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AccruedInterestReceivablesRelatedParty" xlink:to="lab_udf_AccruedInterestReceivablesRelatedParty"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountsReceivableRelatedParties" xlink:label="loc_us-gaap_AccountsReceivableRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccountsReceivableRelatedParties" xml:lang="en-US">Accounts Receivable, Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_AccountsReceivableRelatedParties" xml:lang="en-US">Accounts Receivable, Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AccountsReceivableRelatedParties" xml:lang="en-US">Accounts receivable - related parties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsReceivableRelatedParties" xlink:to="lab_us-gaap_AccountsReceivableRelatedParties"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="loc_us-gaap_NotesReceivableNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NotesReceivableNet" xml:lang="en-US">Mortgage Notes Receivable, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_NotesReceivableNet" xml:lang="en-US">Financing Receivable, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NotesReceivableNet" xml:lang="en-US">Mortgage notes receivable, net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NotesReceivableNet" xml:lang="en-US">Notes, Loans and Financing Receivable, Net, Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesReceivableNet" xlink:to="lab_us-gaap_NotesReceivableNet"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NotesReceivableRelatedParties" xlink:label="loc_us-gaap_NotesReceivableRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NotesReceivableRelatedParties" xml:lang="en-US">Mortgage Notes Receivable - Related Parties, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_NotesReceivableRelatedParties" xml:lang="en-US">Notes Receivable, Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NotesReceivableRelatedParties" xml:lang="en-US">Mortgage notes receivable - related parties, net</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesReceivableRelatedParties" xlink:to="lab_us-gaap_NotesReceivableRelatedParties"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ParticipationInterestRelatedPartyNet" xlink:label="loc_udf_ParticipationInterestRelatedPartyNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ParticipationInterestRelatedPartyNet" xml:lang="en-US">Participation Interest Related Party Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ParticipationInterestRelatedPartyNet" xml:lang="en-US">Participation interest - related party, net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ParticipationInterestRelatedPartyNet" xml:lang="en-US">Describes about the participation interest in related party mortgage loans (secured by first priority or junior priority liens against real property or liens against equity interests of entities that hold real property).</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ParticipationInterestRelatedPartyNet" xlink:to="lab_udf_ParticipationInterestRelatedPartyNet"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherAssets" xml:lang="en-US">Other Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherAssets" xml:lang="en-US">Other assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_OtherAssets" xml:lang="en-US">Other assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets" xlink:to="lab_us-gaap_OtherAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_Assets" xml:lang="en-US">Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_Assets" xml:lang="en-US">Total assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_Assets" xml:lang="en-US">Total assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets" xlink:to="lab_us-gaap_Assets"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LiabilitiesAndPartnersCapitalAbstract" xlink:label="loc_udf_LiabilitiesAndPartnersCapitalAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LiabilitiesAndPartnersCapitalAbstract" xml:lang="en-US">Liabilities and Partners Capital [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LiabilitiesAndPartnersCapitalAbstract" xml:lang="en-US">Liabilities and Partners' Capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LiabilitiesAndPartnersCapitalAbstract" xml:lang="en-US">Liabilities and Partners' Capital.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LiabilitiesAndPartnersCapitalAbstract" xlink:to="lab_udf_LiabilitiesAndPartnersCapitalAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableCurrentAndNoncurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent" xml:lang="en-US">Accounts Payable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent" xml:lang="en-US">Accounts payable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent" xml:lang="en-US">Accounts Payable, Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableCurrentAndNoncurrent" xlink:to="lab_us-gaap_AccountsPayableCurrentAndNoncurrent"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xml:lang="en-US">Accrued Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xml:lang="en-US">Accrued liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xml:lang="en-US">Accrued Liabilities, Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:to="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xml:lang="en-US">Due To Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xml:lang="en-US">Accrued liabilities - related parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xml:lang="en-US">Due to Related Parties, Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:to="lab_us-gaap_DueToRelatedPartiesCurrentAndNoncurrent"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DividendsPayableCurrentAndNoncurrent" xml:lang="en-US">Dividends Payable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DividendsPayableCurrentAndNoncurrent" xml:lang="en-US">Distributions payable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:to="lab_us-gaap_DividendsPayableCurrentAndNoncurrent"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCredit" xlink:label="loc_us-gaap_LineOfCredit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LineOfCredit" xml:lang="en-US">Long-Term Line Of Credit</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LineOfCredit" xml:lang="en-US">Line-of-credit</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_LineOfCredit" xml:lang="en-US">Line-of-credit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCredit" xlink:to="lab_us-gaap_LineOfCredit"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_Liabilities" xml:lang="en-US">Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_Liabilities" xml:lang="en-US">Total liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_Liabilities" xml:lang="en-US">Total liabilities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Liabilities" xlink:to="lab_us-gaap_Liabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommitmentsAndContingencies" xml:lang="en-US">Commitments and Contingencies</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommitmentsAndContingencies" xml:lang="en-US">Commitments and contingencies</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingencies" xlink:to="lab_us-gaap_CommitmentsAndContingencies"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PartnersCapitalAbstract" xlink:label="loc_us-gaap_PartnersCapitalAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PartnersCapitalAbstract" xml:lang="en-US">Partners Capital [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PartnersCapitalAbstract" xml:lang="en-US">Partners' Capital:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PartnersCapitalAbstract" xlink:to="lab_us-gaap_PartnersCapitalAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedPartnersCapitalAccount" xlink:label="loc_us-gaap_LimitedPartnersCapitalAccount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccount" xml:lang="en-US">Limited Partners Capital Account</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccount" xml:lang="en-US">Limited partners' capital: 22,500,000 units authorized; 18,700,601 units issued and outstanding at September 30, 2012 and 18,326,511 units issued and outstanding at December 31, 2011</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccount" xml:lang="en-US">Limited Partners' Capital Account, Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedPartnersCapitalAccount" xlink:to="lab_us-gaap_LimitedPartnersCapitalAccount"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GeneralPartnersCapitalAccount" xlink:label="loc_us-gaap_GeneralPartnersCapitalAccount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GeneralPartnersCapitalAccount" xml:lang="en-US">General Partners Capital Account</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_GeneralPartnersCapitalAccount" xml:lang="en-US">General partner's capital</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeneralPartnersCapitalAccount" xlink:to="lab_us-gaap_GeneralPartnersCapitalAccount"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PartnersCapital" xlink:label="loc_us-gaap_PartnersCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PartnersCapital" xml:lang="en-US">Partners Capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PartnersCapital" xml:lang="en-US">Total partners' capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_PartnersCapital" xml:lang="en-US">Total partners' capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_PartnersCapital" xml:lang="en-US">Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_PartnersCapital" xml:lang="en-US">Balance</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PartnersCapital" xlink:to="lab_us-gaap_PartnersCapital"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity" xml:lang="en-US">Liabilities and Equity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity" xml:lang="en-US">Total liabilities and partners' capital</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity" xml:lang="en-US">Total liabilities and partners' capital</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquity"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_BalanceSheetsParentheticalAbstract" xlink:label="loc_udf_BalanceSheetsParentheticalAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_BalanceSheetsParentheticalAbstract" xml:lang="en-US">Balance Sheets (Parenthetical) [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_BalanceSheetsParentheticalAbstract" xml:lang="en-US">Balance Sheets (Parenthetical) [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_BalanceSheetsParentheticalAbstract" xml:lang="en-US">Balance Sheets Parenthetical.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_BalanceSheetsParentheticalAbstract" xlink:to="lab_udf_BalanceSheetsParentheticalAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountUnitsAuthorized" xlink:label="loc_us-gaap_LimitedPartnersCapitalAccountUnitsAuthorized"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountUnitsAuthorized" xml:lang="en-US">Limited Partners Capital Account, Units Authorized</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountUnitsAuthorized" xml:lang="en-US">Limited partners' capital account, units authorized</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedPartnersCapitalAccountUnitsAuthorized" xlink:to="lab_us-gaap_LimitedPartnersCapitalAccountUnitsAuthorized"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountUnitsIssued" xlink:label="loc_us-gaap_LimitedPartnersCapitalAccountUnitsIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountUnitsIssued" xml:lang="en-US">Limited Partners Capital Account, Units Issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountUnitsIssued" xml:lang="en-US">Limited partners' capital account, units issued</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedPartnersCapitalAccountUnitsIssued" xlink:to="lab_us-gaap_LimitedPartnersCapitalAccountUnitsIssued"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:label="loc_us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xml:lang="en-US">Limited Partners Capital Account, Units Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xml:lang="en-US">Limited Partners' capital account, units outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding" xlink:to="lab_us-gaap_LimitedPartnersCapitalAccountUnitsOutstanding"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncomeStatementAbstract" xml:lang="en-US">Income Statement [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncomeStatementAbstract" xml:lang="en-US">Income Statement [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementAbstract" xlink:to="lab_us-gaap_IncomeStatementAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="loc_us-gaap_RevenuesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RevenuesAbstract" xml:lang="en-US">Revenues [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RevenuesAbstract" xml:lang="en-US">Revenues:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevenuesAbstract" xlink:to="lab_us-gaap_RevenuesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestIncomeOperating" xlink:label="loc_us-gaap_InterestIncomeOperating"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InterestIncomeOperating" xml:lang="en-US">Interest Income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_InterestIncomeOperating" xml:lang="en-US">Interest Income, Operating</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InterestIncomeOperating" xml:lang="en-US">Interest income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestIncomeOperating" xlink:to="lab_us-gaap_InterestIncomeOperating"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_InterestIncomeRelatedParty" xlink:label="loc_udf_InterestIncomeRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_InterestIncomeRelatedParty" xml:lang="en-US">Interest Income Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_InterestIncomeRelatedParty" xml:lang="en-US">Interest income - related parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_InterestIncomeRelatedParty" xml:lang="en-US">Amount of income recognized during the year by issuance of secured promissory notes to various related party.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_InterestIncomeRelatedParty" xlink:to="lab_udf_InterestIncomeRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MortgageAndTransactionServiceRevenuesExcludingRelatedParty" xlink:label="loc_udf_MortgageAndTransactionServiceRevenuesExcludingRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MortgageAndTransactionServiceRevenuesExcludingRelatedParty" xml:lang="en-US">Mortgage and Transaction Service Revenues Excluding Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MortgageAndTransactionServiceRevenuesExcludingRelatedParty" xml:lang="en-US">Mortgage and transaction service revenues</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_MortgageAndTransactionServiceRevenuesExcludingRelatedParty" xml:lang="en-US">Mortgage and transaction service revenues</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_MortgageAndTransactionServiceRevenuesExcludingRelatedParty" xml:lang="en-US">Mortgage and transaction service revenues recognized in the period excluding revenue generated from related party.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MortgageAndTransactionServiceRevenuesExcludingRelatedParty" xlink:to="lab_udf_MortgageAndTransactionServiceRevenuesExcludingRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MortgageAndTransactionServiceRevenuesRelatedParty" xlink:label="loc_udf_MortgageAndTransactionServiceRevenuesRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MortgageAndTransactionServiceRevenuesRelatedParty" xml:lang="en-US">Mortgage and Transaction Service Revenues Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MortgageAndTransactionServiceRevenuesRelatedParty" xml:lang="en-US">Mortgage and transaction service revenues - related parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_MortgageAndTransactionServiceRevenuesRelatedParty" xml:lang="en-US">Mortgage and transaction service revenues - related party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_MortgageAndTransactionServiceRevenuesRelatedParty" xml:lang="en-US">Mortgage and transaction service revenues recognized in the period generated from Related Party.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MortgageAndTransactionServiceRevenuesRelatedParty" xlink:to="lab_udf_MortgageAndTransactionServiceRevenuesRelatedParty"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_Revenues" xml:lang="en-US">Revenues</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_Revenues" xml:lang="en-US">Total revenues</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_Revenues" xml:lang="en-US">Total revenues</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Revenues" xlink:to="lab_us-gaap_Revenues"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ExpensesAbstract" xlink:label="loc_udf_ExpensesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ExpensesAbstract" xml:lang="en-US">Expenses [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ExpensesAbstract" xml:lang="en-US">Expenses:</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ExpensesAbstract" xml:lang="en-US">Expenses.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ExpensesAbstract" xlink:to="lab_udf_ExpensesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestExpenseDebt" xlink:label="loc_us-gaap_InterestExpenseDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InterestExpenseDebt" xml:lang="en-US">Interest Expense, Debt</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InterestExpenseDebt" xml:lang="en-US">Interest expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_InterestExpenseDebt" xml:lang="en-US">Interest Expense, Debt, Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseDebt" xlink:to="lab_us-gaap_InterestExpenseDebt"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProvisionForLoanLossesExpensed" xlink:label="loc_us-gaap_ProvisionForLoanLossesExpensed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProvisionForLoanLossesExpensed" xml:lang="en-US">Provision For Loan Losses Expensed</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_ProvisionForLoanLossesExpensed" xml:lang="en-US">Provision for loan losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProvisionForLoanLossesExpensed" xml:lang="en-US">Loan loss reserve expense</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProvisionForLoanLossesExpensed" xlink:to="lab_us-gaap_ProvisionForLoanLossesExpensed"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralAndAdministrativeExpenseExcludingRelatedParty" xlink:label="loc_udf_GeneralAndAdministrativeExpenseExcludingRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralAndAdministrativeExpenseExcludingRelatedParty" xml:lang="en-US">General and Administrative Expense Excluding Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralAndAdministrativeExpenseExcludingRelatedParty" xml:lang="en-US">General and administrative</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_GeneralAndAdministrativeExpenseExcludingRelatedParty" xml:lang="en-US">General and administrative</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralAndAdministrativeExpenseExcludingRelatedParty" xml:lang="en-US">The amount of expenses for managing and administering the affairs of an entity excluding Related party expenses.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralAndAdministrativeExpenseExcludingRelatedParty" xlink:to="lab_udf_GeneralAndAdministrativeExpenseExcludingRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralAndAdministrativeExpenseRelatedParty" xlink:label="loc_udf_GeneralAndAdministrativeExpenseRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">General and Administrative Expense, Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_udf_GeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">Total general and administrative expenses - related parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">General and administrative - related parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_GeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">Total general and administrative expenses - related parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">The total amount of expenses with related party for managing and administering the affairs of entity.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/disclosureGuidance" xlink:label="lab_udf_GeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">Total General and Administrative Expenses to General Partner and Related Parties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralAndAdministrativeExpenseRelatedParty" xlink:to="lab_udf_GeneralAndAdministrativeExpenseRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_TotalExpenses" xlink:label="loc_udf_TotalExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_TotalExpenses" xml:lang="en-US">Total Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_TotalExpenses" xml:lang="en-US">Total expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_TotalExpenses" xml:lang="en-US">Total expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_TotalExpenses" xml:lang="en-US">Total expense relating to interest, reserve for loan losses and general and administrative expenses incurred during the year.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_TotalExpenses" xlink:to="lab_udf_TotalExpenses"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetIncomeLoss" xml:lang="en-US">Net Income (Loss) Attributable To Parent</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetIncomeLoss" xml:lang="en-US">Net income</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NetIncomeLoss" xml:lang="en-US">Net income</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLoss" xlink:to="lab_us-gaap_NetIncomeLoss"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetIncomeLossAllocatedToLimitedPartners" xlink:label="loc_us-gaap_NetIncomeLossAllocatedToLimitedPartners"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetIncomeLossAllocatedToLimitedPartners" xml:lang="en-US">Net Income (Loss) Allocated To Limited Partners</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetIncomeLossAllocatedToLimitedPartners" xml:lang="en-US">Earnings allocated to limited partners</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NetIncomeLossAllocatedToLimitedPartners" xml:lang="en-US">Earnings allocated to limited partners</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetIncomeLossAllocatedToLimitedPartners" xlink:to="lab_us-gaap_NetIncomeLossAllocatedToLimitedPartners"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted" xlink:label="loc_us-gaap_EarningsPerShareBasicAndDiluted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EarningsPerShareBasicAndDiluted" xml:lang="en-US">Earnings Per Share Basic and Diluted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_EarningsPerShareBasicAndDiluted" xml:lang="en-US">Earnings per limited partnership unit, basic and diluted (in dollars per share)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_EarningsPerShareBasicAndDiluted" xml:lang="en-US">Earnings per limited partnership unit, basic and diluted</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EarningsPerShareBasicAndDiluted" xlink:to="lab_us-gaap_EarningsPerShareBasicAndDiluted"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted" xlink:label="loc_udf_WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted" xml:lang="en-US">Weighted Average Limited Partnership Units Outstanding Basic and Diluted</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted" xml:lang="en-US">Weighted average limited partnership units outstanding (in shares)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted" xml:lang="en-US">Weighted average limited partnership units outstanding (in shares)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted" xml:lang="en-US">The average number of limited partnership units issued and outstanding that are used in calculating basic and diluted earnings per limited partnership unit.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted" xlink:to="lab_udf_WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding" xlink:label="loc_us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding" xml:lang="en-US">Distributions Per Limited Partnership Unit Outstanding, Basic</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding" xml:lang="en-US">Distributions per weighted average limited partnership units outstanding (in dollars per share)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding" xml:lang="en-US">Distributions per weighted average limited partnership units outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding" xlink:to="lab_us-gaap_DistributionsPerLimitedPartnershipUnitOutstanding"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract" xml:lang="en-US">Statement Of Cash Flows [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract" xml:lang="en-US">Statement of Cash Flows [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">Net Cash Provided By (Used In) Operating Activities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">Operating Activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">Adjustments To Reconcile Net Income (Loss) To Cash Provided By (Used In) Operating Activities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by operating activities:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherDeferredCostAmortizationExpense" xlink:label="loc_us-gaap_OtherDeferredCostAmortizationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OtherDeferredCostAmortizationExpense" xml:lang="en-US">Other Deferred Cost, Amortization Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OtherDeferredCostAmortizationExpense" xml:lang="en-US">Amortization</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_OtherDeferredCostAmortizationExpense" xml:lang="en-US">Depreciation and amortization</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherDeferredCostAmortizationExpense" xlink:to="lab_us-gaap_OtherDeferredCostAmortizationExpense"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xml:lang="en-US">Increase (Decrease) In Operating Capital [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xml:lang="en-US">Changes in operating assets and liabilities:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xml:lang="en-US">Increase (Decrease) In Accrued Interest Receivable, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xml:lang="en-US">Accrued interest receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xml:lang="en-US">Accrued interest receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:to="lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_IncreaseDecreaseInAccruedInterestReceivableRelatedParty" xlink:label="loc_udf_IncreaseDecreaseInAccruedInterestReceivableRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_IncreaseDecreaseInAccruedInterestReceivableRelatedParty" xml:lang="en-US">Increase Decrease In Accrued Interest Receivable Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_IncreaseDecreaseInAccruedInterestReceivableRelatedParty" xml:lang="en-US">Accrued interest receivable - related party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_IncreaseDecreaseInAccruedInterestReceivableRelatedParty" xml:lang="en-US">The increase (decrease) during the reporting period in the amount due from related borrowers for interest payments.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_udf_IncreaseDecreaseInAccruedInterestReceivableRelatedParty" xml:lang="en-US">Accrued interest receivable - related parties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_IncreaseDecreaseInAccruedInterestReceivableRelatedParty" xlink:to="lab_udf_IncreaseDecreaseInAccruedInterestReceivableRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_IncreaseDecreaseInAccountsReceivableRelatedParty" xlink:label="loc_udf_IncreaseDecreaseInAccountsReceivableRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_IncreaseDecreaseInAccountsReceivableRelatedParty" xml:lang="en-US">Increase Decrease In Accounts Receivable Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_IncreaseDecreaseInAccountsReceivableRelatedParty" xml:lang="en-US">Accounts receivable related party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_IncreaseDecreaseInAccountsReceivableRelatedParty" xml:lang="en-US">The increase (decrease) during the reporting period in receivables arising from transactions with related parties.</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_udf_IncreaseDecreaseInAccountsReceivableRelatedParty" xml:lang="en-US">Accounts receivable - related parties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_IncreaseDecreaseInAccountsReceivableRelatedParty" xlink:to="lab_udf_IncreaseDecreaseInAccountsReceivableRelatedParty"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets" xml:lang="en-US">Increase (Decrease) In Other Operating Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets" xml:lang="en-US">Other assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets" xml:lang="en-US">Other assets</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayable" xml:lang="en-US">Increase (Decrease) In Accounts Payable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayable" xml:lang="en-US">Accounts payable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayable" xml:lang="en-US">Increase (Decrease) in Accounts Payable, Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsPayable" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsPayable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedLiabilities" xml:lang="en-US">Increase (Decrease) In Accrued Liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedLiabilities" xml:lang="en-US">Accrued liabilities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInAccruedLiabilities" xml:lang="en-US">Increase (Decrease) in Accrued Liabilities, Total</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:to="lab_us-gaap_IncreaseDecreaseInAccruedLiabilities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:label="loc_us-gaap_IncreaseDecreaseInDueToRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInDueToRelatedParties" xml:lang="en-US">Increase (Decrease) In Due To Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInDueToRelatedParties" xml:lang="en-US">Accrued liabilities - related parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInDueToRelatedParties" xml:lang="en-US">Accrued liabilities - related party</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:to="lab_us-gaap_IncreaseDecreaseInDueToRelatedParties"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Net Cash Provided By (Used In) Operating Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Net cash provided by operating activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Net cash provided by operating activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xml:lang="en-US">Net Cash Provided By (Used In) Investing Activities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xml:lang="en-US">Investing Activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsToAcquireMortgageNotesReceivable" xlink:label="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageNotesReceivable" xml:lang="en-US">Payments To Acquire Mortgage Notes Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageNotesReceivable" xml:lang="en-US">Investments in mortgage notes receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageNotesReceivable" xml:lang="en-US">Investments in mortgage notes receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable" xlink:to="lab_us-gaap_PaymentsToAcquireMortgageNotesReceivable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:label="loc_us-gaap_OriginationOfNotesReceivableFromRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OriginationOfNotesReceivableFromRelatedParties" xml:lang="en-US">Origination Of Notes Receivable From Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OriginationOfNotesReceivableFromRelatedParties" xml:lang="en-US">Investments in mortgage notes receivable - related party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_OriginationOfNotesReceivableFromRelatedParties" xml:lang="en-US">Investments in mortgage notes receivable - related parties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:to="lab_us-gaap_OriginationOfNotesReceivableFromRelatedParties"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_InvestmentsInParticipationInterestRelatedParty" xlink:label="loc_udf_InvestmentsInParticipationInterestRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_InvestmentsInParticipationInterestRelatedParty" xml:lang="en-US">Investments In Participation Interest Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_InvestmentsInParticipationInterestRelatedParty" xml:lang="en-US">Investments in participation interest - related party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_InvestmentsInParticipationInterestRelatedParty" xml:lang="en-US">The cash outflow associated with the purchase of real estate for investment purposes.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_InvestmentsInParticipationInterestRelatedParty" xlink:to="lab_udf_InvestmentsInParticipationInterestRelatedParty"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable" xlink:label="loc_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable" xml:lang="en-US">Proceeds From Sale and Collection Of Mortgage Notes Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable" xml:lang="en-US">Receipts from mortgage notes receivable</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable" xlink:to="lab_us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RepaymentOfNotesReceivableFromRelatedParties" xlink:label="loc_us-gaap_RepaymentOfNotesReceivableFromRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RepaymentOfNotesReceivableFromRelatedParties" xml:lang="en-US">Repayment Of Notes Receivable From Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RepaymentOfNotesReceivableFromRelatedParties" xml:lang="en-US">Receipts from mortgage notes receivable - related parties</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentOfNotesReceivableFromRelatedParties" xlink:to="lab_us-gaap_RepaymentOfNotesReceivableFromRelatedParties"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RepaymentOfParticipationInterestRelatedParty" xlink:label="loc_udf_RepaymentOfParticipationInterestRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RepaymentOfParticipationInterestRelatedParty" xml:lang="en-US">Repayment Of Participation Interest Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RepaymentOfParticipationInterestRelatedParty" xml:lang="en-US">Receipts from participation interest - related party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RepaymentOfParticipationInterestRelatedParty" xml:lang="en-US">Describes about the receipts from the participation interest in mortgage loans (secured by first priority or junior priority liens against real property or liens against equity interests of entities that hold real property).</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RepaymentOfParticipationInterestRelatedParty" xlink:to="lab_udf_RepaymentOfParticipationInterestRelatedParty"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="loc_us-gaap_IncreaseDecreaseInRestrictedCash"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash" xml:lang="en-US">Increase (Decrease) In Restricted Cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash" xml:lang="en-US">Restricted cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash" xml:lang="en-US">Increase (Decrease) in Restricted Cash, Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash" xml:lang="en-US">Restricted cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash" xml:lang="en-US">Restricted cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash" xml:lang="en-US">Restricted cash</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInRestrictedCash" xlink:to="lab_us-gaap_IncreaseDecreaseInRestrictedCash"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US">Net Cash Provided By (Used In) Investing Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US">Net cash (used in) provided by investing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US">Net cash used in investing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xml:lang="en-US">Net Cash Provided By (Used In) Financing Activities [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xml:lang="en-US">Financing Activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xml:lang="en-US">Proceeds From (Repayments Of) Lines Of Credit</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xml:lang="en-US">Net payments on line-of-credit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit" xlink:to="lab_us-gaap_ProceedsFromRepaymentsOfLinesOfCredit"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountDistributionAmount" xlink:label="loc_us-gaap_LimitedPartnersCapitalAccountDistributionAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountDistributionAmount" xml:lang="en-US">Limited Partners Capital Account, Distribution Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountDistributionAmount" xml:lang="en-US">Limited Partners</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountDistributionAmount" xml:lang="en-US">Limited partner distributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountDistributionAmount" xml:lang="en-US">Limited Partners Capital Account, Distribution Amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedPartnersCapitalAccountDistributionAmount" xlink:to="lab_us-gaap_LimitedPartnersCapitalAccountDistributionAmount"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DistributionReinvestment" xlink:label="loc_udf_DistributionReinvestment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DistributionReinvestment" xml:lang="en-US">Distribution Reinvestment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_DistributionReinvestment" xml:lang="en-US">Limited partner distribution reinvestment</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_DistributionReinvestment" xml:lang="en-US">Total distributions to limited partners reinvested. Limited partners have limited liability and do not manage the partnership.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DistributionReinvestment" xlink:to="lab_udf_DistributionReinvestment"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnerRedemption" xlink:label="loc_udf_LimitedPartnerRedemption"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnerRedemption" xml:lang="en-US">Limited Partner Redemption</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnerRedemption" xml:lang="en-US">Limited partner redemptions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnerRedemption" xml:lang="en-US">Total change in limited partners' capital accounts during the period due to redemptions and adjustments to redemption value.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnerRedemption" xlink:to="lab_udf_LimitedPartnerRedemption"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GeneralPartnersCapitalAccountDistributionAmount" xlink:label="loc_us-gaap_GeneralPartnersCapitalAccountDistributionAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GeneralPartnersCapitalAccountDistributionAmount" xml:lang="en-US">General Partners Capital Account, Period Distribution Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_us-gaap_GeneralPartnersCapitalAccountDistributionAmount" xml:lang="en-US">General Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_GeneralPartnersCapitalAccountDistributionAmount" xml:lang="en-US">General partner distributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_GeneralPartnersCapitalAccountDistributionAmount" xml:lang="en-US">General partner distributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_GeneralPartnersCapitalAccountDistributionAmount" xml:lang="en-US">General partner distributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="lab_us-gaap_GeneralPartnersCapitalAccountDistributionAmount" xml:lang="en-US">General partner distributions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeneralPartnersCapitalAccountDistributionAmount" xlink:to="lab_us-gaap_GeneralPartnersCapitalAccountDistributionAmount"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US">Net Cash Provided By (Used In) Financing Activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US">Net cash used in financing activities</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US">Net cash used in financing activities</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US">Cash and Cash Equivalents, Period Increase (Decrease)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US">Net decrease in cash and cash equivalents</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US">Net (decrease) increase in cash and cash equivalents</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract" xml:lang="en-US">Supplemental Cash Flow Information [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract" xml:lang="en-US">Supplemental Cash Flow Information:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="lab_us-gaap_SupplementalCashFlowInformationAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestPaid" xlink:label="loc_us-gaap_InterestPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_InterestPaid" xml:lang="en-US">Interest Paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_InterestPaid" xml:lang="en-US">Cash paid for interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_us-gaap_InterestPaid" xml:lang="en-US">Cash paid for interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPaid" xlink:to="lab_us-gaap_InterestPaid"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xml:lang="en-US">Organization, Consolidation and Presentation Of Financial Statements [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="loc_us-gaap_NatureOfOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NatureOfOperations" xml:lang="en-US">Nature Of Operations [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NatureOfOperations" xml:lang="en-US">Nature of Business [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NatureOfOperations" xlink:to="lab_us-gaap_NatureOfOperations"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="loc_us-gaap_AccountingPoliciesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccountingPoliciesAbstract" xml:lang="en-US">Accounting Policies [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AccountingPoliciesAbstract" xml:lang="en-US">Accounting Policies [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingPoliciesAbstract" xlink:to="lab_us-gaap_AccountingPoliciesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock" xlink:label="loc_us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock" xml:lang="en-US">Basis Of Presentation and Significant Accounting Policies [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock" xml:lang="en-US">Basis of Presentation and Significant Accounting Policies [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock" xlink:to="lab_us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RegistrationStatementAbstract" xlink:label="loc_udf_RegistrationStatementAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RegistrationStatementAbstract" xml:lang="en-US">Registration Statement [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RegistrationStatementAbstract" xml:lang="en-US">Registration Statement [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RegistrationStatementAbstract" xlink:to="lab_udf_RegistrationStatementAbstract"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RegistrationStatementTextBlock" xlink:label="loc_udf_RegistrationStatementTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RegistrationStatementTextBlock" xml:lang="en-US">Registration Statement [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RegistrationStatementTextBlock" xml:lang="en-US">Registration Statement [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RegistrationStatementTextBlock" xml:lang="en-US">Description containing the number of units sold in public offering and the price per unit sold.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RegistrationStatementTextBlock" xlink:to="lab_udf_RegistrationStatementTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="loc_us-gaap_ReceivablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ReceivablesAbstract" xml:lang="en-US">Receivables [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ReceivablesAbstract" xml:lang="en-US">Receivables [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesAbstract" xlink:to="lab_us-gaap_ReceivablesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FinancingReceivablesTextBlock" xlink:label="loc_us-gaap_FinancingReceivablesTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancingReceivablesTextBlock" xml:lang="en-US">Financing Receivables [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancingReceivablesTextBlock" xml:lang="en-US">Financing Receivables [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivablesTextBlock" xlink:to="lab_us-gaap_FinancingReceivablesTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LineOfCreditAbstract" xlink:label="loc_udf_LineOfCreditAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LineOfCreditAbstract" xml:lang="en-US">Line Of Credit [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LineOfCreditAbstract" xml:lang="en-US">Line of Credit [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LineOfCreditAbstract" xlink:to="lab_udf_LineOfCreditAbstract"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LineOfCreditDisclosureTextBlock" xlink:label="loc_udf_LineOfCreditDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LineOfCreditDisclosureTextBlock" xml:lang="en-US">Line Of Credit Disclosure [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LineOfCreditDisclosureTextBlock" xml:lang="en-US">Line of Credit Disclosure [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LineOfCreditDisclosureTextBlock" xml:lang="en-US">The entire disclosure on line of credit facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LineOfCreditDisclosureTextBlock" xlink:to="lab_udf_LineOfCreditDisclosureTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PartnersCapitalTextBlock" xlink:label="loc_udf_PartnersCapitalTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PartnersCapitalTextBlock" xml:lang="en-US">Partners Capital [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PartnersCapitalTextBlock" xml:lang="en-US">Partners Capital [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PartnersCapitalTextBlock" xml:lang="en-US">Disclosure containing number of units sold, redeemed and distributions made to the limited partners during the year.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PartnersCapitalTextBlock" xlink:to="lab_udf_PartnersCapitalTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_OperationalCompensationAbstract" xlink:label="loc_udf_OperationalCompensationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_OperationalCompensationAbstract" xml:lang="en-US">Operational Compensation [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_OperationalCompensationAbstract" xml:lang="en-US">Operational Compensation [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_OperationalCompensationAbstract" xlink:to="lab_udf_OperationalCompensationAbstract"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_OperationalCompensationTextBlock" xlink:label="loc_udf_OperationalCompensationTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_OperationalCompensationTextBlock" xml:lang="en-US">Operational Compensation [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_OperationalCompensationTextBlock" xml:lang="en-US">Operational Compensation [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_OperationalCompensationTextBlock" xml:lang="en-US">The entire disclosure for an entity's operational compensation and benefits.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_OperationalCompensationTextBlock" xlink:to="lab_udf_OperationalCompensationTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UnitRedemptionProgramAbstract" xlink:label="loc_udf_UnitRedemptionProgramAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UnitRedemptionProgramAbstract" xml:lang="en-US">Unit Redemption Program [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UnitRedemptionProgramAbstract" xml:lang="en-US">Unit Redemption Program [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UnitRedemptionProgramAbstract" xlink:to="lab_udf_UnitRedemptionProgramAbstract"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UnitRedemptionProgramTextBlock" xlink:label="loc_udf_UnitRedemptionProgramTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UnitRedemptionProgramTextBlock" xml:lang="en-US">Unit Redemption Program [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UnitRedemptionProgramTextBlock" xml:lang="en-US">Unit Redemption Program [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_UnitRedemptionProgramTextBlock" xml:lang="en-US">Description of redemption or conversion features by unit class including when redemption can occur, at whose option, and the redemption or conversion price per unit.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UnitRedemptionProgramTextBlock" xlink:to="lab_udf_UnitRedemptionProgramTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xml:lang="en-US">Commitments and Contingencies Disclosure [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xml:lang="en-US">Commitments and Contingencies [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xml:lang="en-US">Commitments Contingencies and Guarantees [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xml:lang="en-US">Commitments and Contingencies Disclosure [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GeneralAndAdministrativeExpenseAbstract" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpenseAbstract" xml:lang="en-US">General and Administrative Expense [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpenseAbstract" xml:lang="en-US">General and Administrative Expense [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GeneralAndAdministrativeExpenseAbstract" xlink:to="lab_us-gaap_GeneralAndAdministrativeExpenseAbstract"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralAndAdministrativeExpensesTextBlock" xlink:label="loc_udf_GeneralAndAdministrativeExpensesTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralAndAdministrativeExpensesTextBlock" xml:lang="en-US">General and Administrative Expenses [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralAndAdministrativeExpensesTextBlock" xml:lang="en-US">General and Administrative Expenses [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralAndAdministrativeExpensesTextBlock" xml:lang="en-US">The entire disclosure for all or part of the detailed information of general and administrative expenses.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralAndAdministrativeExpensesTextBlock" xlink:to="lab_udf_GeneralAndAdministrativeExpensesTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RelatedPartyTransactionsAbstract" xml:lang="en-US">Related Party Transactions [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RelatedPartyTransactionsAbstract" xml:lang="en-US">Related Party Transactions [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract" xlink:to="lab_us-gaap_RelatedPartyTransactionsAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US">Related Party Transactions Disclosure [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US">Related Party Transactions Disclosure [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RisksAndUncertaintiesAbstract" xlink:label="loc_us-gaap_RisksAndUncertaintiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RisksAndUncertaintiesAbstract" xml:lang="en-US">Risks and Uncertainties [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RisksAndUncertaintiesAbstract" xml:lang="en-US">Risks and Uncertainties [Abstract]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RisksAndUncertaintiesAbstract" xlink:to="lab_us-gaap_RisksAndUncertaintiesAbstract"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:label="loc_us-gaap_ConcentrationRiskDisclosureTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ConcentrationRiskDisclosureTextBlock" xml:lang="en-US">Concentration Risk Disclosure [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ConcentrationRiskDisclosureTextBlock" xml:lang="en-US">Concentration Risk Disclosure [Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:to="lab_us-gaap_ConcentrationRiskDisclosureTextBlock"/>








<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NotesReceivablePolicyTextBlock" xlink:label="loc_udf_NotesReceivablePolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NotesReceivablePolicyTextBlock" xml:lang="en-US">Notes Receivable [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NotesReceivablePolicyTextBlock" xml:lang="en-US">Notes Receivable [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NotesReceivablePolicyTextBlock" xml:lang="en-US">Disclosure of accounting policy for notes receivable and related party notes receivable.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NotesReceivablePolicyTextBlock" xlink:to="lab_udf_NotesReceivablePolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoanParticipationInterestRelatedPartiesPolicyTextBlock" xlink:label="loc_udf_LoanParticipationInterestRelatedPartiesPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoanParticipationInterestRelatedPartiesPolicyTextBlock" xml:lang="en-US">Loan Participation Interest Related Parties [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoanParticipationInterestRelatedPartiesPolicyTextBlock" xml:lang="en-US">Loan Participation Interest Related Parties [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoanParticipationInterestRelatedPartiesPolicyTextBlock" xml:lang="en-US">Disclosure of accounting policy for related party loan participation interest.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoanParticipationInterestRelatedPartiesPolicyTextBlock" xlink:to="lab_udf_LoanParticipationInterestRelatedPartiesPolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xlink:label="loc_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xml:lang="en-US">Loans and Leases Receivable, Allowance For Loan Losses Policy [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xml:lang="en-US">Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xlink:to="lab_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="loc_us-gaap_RevenueRecognitionPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RevenueRecognitionPolicyTextBlock" xml:lang="en-US">Revenue Recognition, Policy [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RevenueRecognitionPolicyTextBlock" xml:lang="en-US">Revenue Recognition, Policy [Policy Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevenueRecognitionPolicyTextBlock" xlink:to="lab_us-gaap_RevenueRecognitionPolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CashFlowDistributionsPolicyTextBlock" xlink:label="loc_udf_CashFlowDistributionsPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CashFlowDistributionsPolicyTextBlock" xml:lang="en-US">Cash Flow Distributions [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CashFlowDistributionsPolicyTextBlock" xml:lang="en-US">Cash Flow Distributions [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CashFlowDistributionsPolicyTextBlock" xml:lang="en-US">Disclosure of accounting policy for cash flow distributions.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CashFlowDistributionsPolicyTextBlock" xlink:to="lab_udf_CashFlowDistributionsPolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:label="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FairValueOfFinancialInstrumentsPolicy" xml:lang="en-US">Fair Value Of Financial Instruments, Policy [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FairValueOfFinancialInstrumentsPolicy" xml:lang="en-US">Fair Value of Financial Instruments, Policy [Policy Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:to="lab_us-gaap_FairValueOfFinancialInstrumentsPolicy"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xml:lang="en-US">New Accounting Pronouncements, Policy [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xml:lang="en-US">New Accounting Pronouncements, Policy [Policy Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GuaranteesIndemnificationsAndWarrantiesPolicies" xlink:label="loc_us-gaap_GuaranteesIndemnificationsAndWarrantiesPolicies"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GuaranteesIndemnificationsAndWarrantiesPolicies" xml:lang="en-US">Guarantees, Indemnifications and Warranties Policies [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_GuaranteesIndemnificationsAndWarrantiesPolicies" xml:lang="en-US">Guarantees, Indemnifications and Warranties Policies [Policy Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteesIndemnificationsAndWarrantiesPolicies" xlink:to="lab_us-gaap_GuaranteesIndemnificationsAndWarrantiesPolicies"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PriorPeriodReclassificationAdjustmentDescription" xlink:label="loc_us-gaap_PriorPeriodReclassificationAdjustmentDescription"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PriorPeriodReclassificationAdjustmentDescription" xml:lang="en-US">Reclassification, Policy [Policy Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PriorPeriodReclassificationAdjustmentDescription" xml:lang="en-US">Reclassification, Policy [Policy Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PriorPeriodReclassificationAdjustmentDescription" xlink:to="lab_us-gaap_PriorPeriodReclassificationAdjustmentDescription"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfDistributionsMadeToMembersOrLimitedPartnersByDistributionTextBlock" xlink:label="loc_us-gaap_ScheduleOfDistributionsMadeToMembersOrLimitedPartnersByDistributionTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ScheduleOfDistributionsMadeToMembersOrLimitedPartnersByDistributionTextBlock" xml:lang="en-US">Schedule Of Distributions Made To Members Or Limited Partners, By Distribution [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ScheduleOfDistributionsMadeToMembersOrLimitedPartnersByDistributionTextBlock" xml:lang="en-US">Schedule of Distributions Made to Members or Limited Partners, by Distribution [Table Text Block]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfDistributionsMadeToMembersOrLimitedPartnersByDistributionTextBlock" xlink:to="lab_us-gaap_ScheduleOfDistributionsMadeToMembersOrLimitedPartnersByDistributionTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfPaymentsToGeneralPartnersAndRelatedPartiesTableTextBlock" xlink:label="loc_udf_ScheduleOfPaymentsToGeneralPartnersAndRelatedPartiesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfPaymentsToGeneralPartnersAndRelatedPartiesTableTextBlock" xml:lang="en-US">Schedule Of Payments To General Partners and Related Parties [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfPaymentsToGeneralPartnersAndRelatedPartiesTableTextBlock" xml:lang="en-US">Schedule of Payments to General Partners and Related Parties [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfPaymentsToGeneralPartnersAndRelatedPartiesTableTextBlock" xml:lang="en-US">The tabular disclosure of payments to general partners and related parties.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfPaymentsToGeneralPartnersAndRelatedPartiesTableTextBlock" xlink:to="lab_udf_ScheduleOfPaymentsToGeneralPartnersAndRelatedPartiesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfNotesAndLoansReceivableTableTextBlock" xlink:label="loc_udf_ScheduleOfNotesAndLoansReceivableTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfNotesAndLoansReceivableTableTextBlock" xml:lang="en-US">Schedule Of Notes and Loans Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfNotesAndLoansReceivableTableTextBlock" xml:lang="en-US">Schedule of Notes and Loans Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfNotesAndLoansReceivableTableTextBlock" xml:lang="en-US">Tabular disclosure of the notes and loan receivable including related party transactions and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfNotesAndLoansReceivableTableTextBlock" xlink:to="lab_udf_ScheduleOfNotesAndLoansReceivableTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfClassificationOfLoanReceivableTableTextBlock" xlink:label="loc_udf_ScheduleOfClassificationOfLoanReceivableTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfClassificationOfLoanReceivableTableTextBlock" xml:lang="en-US">Schedule Of Classification Of Loan Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfClassificationOfLoanReceivableTableTextBlock" xml:lang="en-US">Schedule of Classification of Loan Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfClassificationOfLoanReceivableTableTextBlock" xml:lang="en-US">Tabular disclosure of the classification of loan receivable.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfClassificationOfLoanReceivableTableTextBlock" xlink:to="lab_udf_ScheduleOfClassificationOfLoanReceivableTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfMaturityDateOfOutstandingLoanReceivableTableTextBlock" xlink:label="loc_udf_ScheduleOfMaturityDateOfOutstandingLoanReceivableTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfMaturityDateOfOutstandingLoanReceivableTableTextBlock" xml:lang="en-US">Schedule Of Maturity Date Of Outstanding Loan Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfMaturityDateOfOutstandingLoanReceivableTableTextBlock" xml:lang="en-US">Schedule of Matuity Date of Outstanding Loan Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfMaturityDateOfOutstandingLoanReceivableTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of loans receivable classification based on the maturity dates.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfMaturityDateOfOutstandingLoanReceivableTableTextBlock" xlink:to="lab_udf_ScheduleOfMaturityDateOfOutstandingLoanReceivableTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfMaturityDateOfOutstandingNonPerformingLoanReceivableTableTextBlock" xlink:label="loc_udf_ScheduleOfMaturityDateOfOutstandingNonPerformingLoanReceivableTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfMaturityDateOfOutstandingNonPerformingLoanReceivableTableTextBlock" xml:lang="en-US">Schedule Of Maturity Date Of Outstanding Non Performing Loan Receivable Table [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfMaturityDateOfOutstandingNonPerformingLoanReceivableTableTextBlock" xml:lang="en-US">Schedule of Matuity Date of Outstanding Non Performing Loan Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfMaturityDateOfOutstandingNonPerformingLoanReceivableTableTextBlock" xml:lang="en-US">Represents the tabular disclosure of non performing loans receivable classification based on the maturity dates.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfMaturityDateOfOutstandingNonPerformingLoanReceivableTableTextBlock" xlink:to="lab_udf_ScheduleOfMaturityDateOfOutstandingNonPerformingLoanReceivableTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfMaturityOfRelatedAndNonRelatedPartyLoanReceivableTableTextBlock" xlink:label="loc_udf_ScheduleOfMaturityOfRelatedAndNonRelatedPartyLoanReceivableTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfMaturityOfRelatedAndNonRelatedPartyLoanReceivableTableTextBlock" xml:lang="en-US">Schedule Of Maturity Of Related and Non Related Party Loan Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfMaturityOfRelatedAndNonRelatedPartyLoanReceivableTableTextBlock" xml:lang="en-US">Schedule of Maturity of Related and Non Related Party Loan Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfMaturityOfRelatedAndNonRelatedPartyLoanReceivableTableTextBlock" xml:lang="en-US">Tabular disclosure of maturity of related and non related party loans receivable.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfMaturityOfRelatedAndNonRelatedPartyLoanReceivableTableTextBlock" xlink:to="lab_udf_ScheduleOfMaturityOfRelatedAndNonRelatedPartyLoanReceivableTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfClassificationOfLoanReceivableBasedOnCreditQualityLevelsTableTextBlock" xlink:label="loc_udf_ScheduleOfClassificationOfLoanReceivableBasedOnCreditQualityLevelsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfClassificationOfLoanReceivableBasedOnCreditQualityLevelsTableTextBlock" xml:lang="en-US">Schedule Of Classification Of Loan Receivable Based On Credit Quality Levels Table [Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfClassificationOfLoanReceivableBasedOnCreditQualityLevelsTableTextBlock" xml:lang="en-US">Schedule of Classification of Loan Receivable Based on Credit Quality Levels [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfClassificationOfLoanReceivableBasedOnCreditQualityLevelsTableTextBlock" xml:lang="en-US">Tabular disclosure of the loan receivable grouped by credit quality levels.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfClassificationOfLoanReceivableBasedOnCreditQualityLevelsTableTextBlock" xlink:to="lab_udf_ScheduleOfClassificationOfLoanReceivableBasedOnCreditQualityLevelsTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfAllowanceForLoanReceivableTableTextBlock" xlink:label="loc_udf_ScheduleOfAllowanceForLoanReceivableTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfAllowanceForLoanReceivableTableTextBlock" xml:lang="en-US">Schedule Of Allowance For Loan Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfAllowanceForLoanReceivableTableTextBlock" xml:lang="en-US">Schedule of Allowance for Loan Receivable [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfAllowanceForLoanReceivableTableTextBlock" xml:lang="en-US">Tabular disclosure of the allowance fro loan receivable and the activity during the reporting period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfAllowanceForLoanReceivableTableTextBlock" xlink:to="lab_udf_ScheduleOfAllowanceForLoanReceivableTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfDistributionsMadeToLimitedPartnersTableTextBlock" xlink:label="loc_udf_ScheduleOfDistributionsMadeToLimitedPartnersTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfDistributionsMadeToLimitedPartnersTableTextBlock" xml:lang="en-US">Schedule Of Distributions Made To Limited Partners [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfDistributionsMadeToLimitedPartnersTableTextBlock" xml:lang="en-US">Schedule of Distributions Made to Limited Partners [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfDistributionsMadeToLimitedPartnersTableTextBlock" xml:lang="en-US">Tabular disclosure of distributions made to limited partners.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfDistributionsMadeToLimitedPartnersTableTextBlock" xlink:to="lab_udf_ScheduleOfDistributionsMadeToLimitedPartnersTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfDistributionsMadeToShareHoldersAndSourcesOfDistributionsTableTextBlock" xlink:label="loc_udf_ScheduleOfDistributionsMadeToShareHoldersAndSourcesOfDistributionsTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfDistributionsMadeToShareHoldersAndSourcesOfDistributionsTableTextBlock" xml:lang="en-US">Schedule Of Distributions Made To Share Holders and Sources Of Distributions [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfDistributionsMadeToShareHoldersAndSourcesOfDistributionsTableTextBlock" xml:lang="en-US">Schedule of Distributions Made to Share Holders and Sources of Distributions [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfDistributionsMadeToShareHoldersAndSourcesOfDistributionsTableTextBlock" xml:lang="en-US">Tabular disclosure of distributions made to share holders and sources of distributions.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfDistributionsMadeToShareHoldersAndSourcesOfDistributionsTableTextBlock" xlink:to="lab_udf_ScheduleOfDistributionsMadeToShareHoldersAndSourcesOfDistributionsTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfRedemptionActivityOfSharesTableTextBlock" xlink:label="loc_udf_ScheduleOfRedemptionActivityOfSharesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfRedemptionActivityOfSharesTableTextBlock" xml:lang="en-US">Schedule Of Redemption Activity Of Shares [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfRedemptionActivityOfSharesTableTextBlock" xml:lang="en-US">Schedule of Redemption Activity of Shares [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfRedemptionActivityOfSharesTableTextBlock" xml:lang="en-US">Tabular disclosure of redemption activity of shares.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfRedemptionActivityOfSharesTableTextBlock" xlink:to="lab_udf_ScheduleOfRedemptionActivityOfSharesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfGeneralAndAdministrativeExpensesTableTextBlock" xlink:label="loc_udf_ScheduleOfGeneralAndAdministrativeExpensesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfGeneralAndAdministrativeExpensesTableTextBlock" xml:lang="en-US">Schedule Of General and Administrative Expenses [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfGeneralAndAdministrativeExpensesTableTextBlock" xml:lang="en-US">Schedule of General and Administrative Expenses [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfGeneralAndAdministrativeExpensesTableTextBlock" xml:lang="en-US">Tabular disclosure of general and administrative expenses reported during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfGeneralAndAdministrativeExpensesTableTextBlock" xlink:to="lab_udf_ScheduleOfGeneralAndAdministrativeExpensesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfGeneralAndAdministrativeRelatedPartyTransactionExpensesTableTextBlock" xlink:label="loc_udf_ScheduleOfGeneralAndAdministrativeRelatedPartyTransactionExpensesTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfGeneralAndAdministrativeRelatedPartyTransactionExpensesTableTextBlock" xml:lang="en-US">Schedule Of General and Administrative Related Party Transaction Expenses [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfGeneralAndAdministrativeRelatedPartyTransactionExpensesTableTextBlock" xml:lang="en-US">Schedule of General and Administrative Related Party Transaction Expenses [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfGeneralAndAdministrativeRelatedPartyTransactionExpensesTableTextBlock" xml:lang="en-US">Tabular disclosure of general and administrative related party transaction expenses.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfGeneralAndAdministrativeRelatedPartyTransactionExpensesTableTextBlock" xlink:to="lab_udf_ScheduleOfGeneralAndAdministrativeRelatedPartyTransactionExpensesTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfPaymentsToRelatedPartyTableTextBlock" xlink:label="loc_udf_ScheduleOfPaymentsToRelatedPartyTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfPaymentsToRelatedPartyTableTextBlock" xml:lang="en-US">Schedule Of Payments To Related Party [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfPaymentsToRelatedPartyTableTextBlock" xml:lang="en-US">Schedule of Payments to Related Party [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfPaymentsToRelatedPartyTableTextBlock" xml:lang="en-US">Tabular disclosure of payments to related parties.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfPaymentsToRelatedPartyTableTextBlock" xlink:to="lab_udf_ScheduleOfPaymentsToRelatedPartyTableTextBlock"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ScheduleOfRelatedPartyExpensesAndTransactionPercentageTableTextBlock" xlink:label="loc_udf_ScheduleOfRelatedPartyExpensesAndTransactionPercentageTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ScheduleOfRelatedPartyExpensesAndTransactionPercentageTableTextBlock" xml:lang="en-US">Schedule Of Related Party Expenses and Transaction Percentage [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ScheduleOfRelatedPartyExpensesAndTransactionPercentageTableTextBlock" xml:lang="en-US">Schedule of Related Party Expenses and Transaction Percentage [Table Text Block]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ScheduleOfRelatedPartyExpensesAndTransactionPercentageTableTextBlock" xml:lang="en-US">Tabular disclosure of related party expenses and transaction percentage.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ScheduleOfRelatedPartyExpensesAndTransactionPercentageTableTextBlock" xlink:to="lab_udf_ScheduleOfRelatedPartyExpensesAndTransactionPercentageTableTextBlock"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xml:lang="en-US">Related Party Transactions, By Related Party [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xml:lang="en-US">Related Party Transactions, by Related Party [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RelatedPartyDomain" xml:lang="en-US">Related Party [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RelatedPartyDomain" xml:lang="en-US">Related Party [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyDomain" xlink:to="lab_us-gaap_RelatedPartyDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmtHoldingsMember" xlink:label="loc_udf_UmtHoldingsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmtHoldingsMember" xml:lang="en-US">Umt Holdings [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmtHoldingsMember" xml:lang="en-US">UMT Holdings [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_UmtHoldingsMember" xml:lang="en-US">UMT Holdings [Member].</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmtHoldingsMember" xlink:to="lab_udf_UmtHoldingsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmtServicesMember" xlink:label="loc_udf_UmtServicesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmtServicesMember" xml:lang="en-US">Umt Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmtServicesMember" xml:lang="en-US">UMT Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_UmtServicesMember" xml:lang="en-US">UMT Services [Member].</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmtServicesMember" xlink:to="lab_udf_UmtServicesMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfLandGpLlcMember" xlink:label="loc_udf_UdfLandGpLlcMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfLandGpLlcMember" xml:lang="en-US">Udf Land Gp, Llc [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfLandGpLlcMember" xml:lang="en-US">UDF Land GP, LLC [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_UdfLandGpLlcMember" xml:lang="en-US">UDF Land GP, LLC Member</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfLandGpLlcMember" xlink:to="lab_udf_UdfLandGpLlcMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmthldFlfILPMember" xlink:label="loc_udf_UmthldFlfILPMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmthldFlfILPMember" xml:lang="en-US">Umthld Flf I L P [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmthldFlfILPMember" xml:lang="en-US">UMTHLD FLF I, L.P. [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmthldFlfILPMember" xlink:to="lab_udf_UmthldFlfILPMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmthldFlfIiLpMember" xlink:label="loc_udf_UmthldFlfIiLpMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmthldFlfIiLpMember" xml:lang="en-US">Umthld Flf Ii Lp [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmthldFlfIiLpMember" xml:lang="en-US">UMTHLD FLF II, L.P. [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmthldFlfIiLpMember" xlink:to="lab_udf_UmthldFlfIiLpMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfXLpMember" xlink:label="loc_udf_UdfXLpMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfXLpMember" xml:lang="en-US">Udf X Lp [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfXLpMember" xml:lang="en-US">UDF X, LP [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfXLpMember" xlink:to="lab_udf_UdfXLpMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfLimitedPartnershipInterestsInGeneralPartner" xlink:label="loc_udf_PercentageOfLimitedPartnershipInterestsInGeneralPartner"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfLimitedPartnershipInterestsInGeneralPartner" xml:lang="en-US">Percentage Of Limited Partnership Interests In General Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfLimitedPartnershipInterestsInGeneralPartner" xml:lang="en-US">Percentage of Limited Partnership Interests in General Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfLimitedPartnershipInterestsInGeneralPartner" xml:lang="en-US">It represents the percentage of limited partnership interests in general partner.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfLimitedPartnershipInterestsInGeneralPartner" xlink:to="lab_udf_PercentageOfLimitedPartnershipInterestsInGeneralPartner"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfGeneralPartnershipInterestsInGeneralPartner" xlink:label="loc_udf_PercentageOfGeneralPartnershipInterestsInGeneralPartner"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfGeneralPartnershipInterestsInGeneralPartner" xml:lang="en-US">Percentage Of General Partnership Interests In General Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfGeneralPartnershipInterestsInGeneralPartner" xml:lang="en-US">Percentage of General Partnership Interests in General Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfGeneralPartnershipInterestsInGeneralPartner" xml:lang="en-US">It represents the percentage of general partnership interests in general partner.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfGeneralPartnershipInterestsInGeneralPartner" xlink:to="lab_udf_PercentageOfGeneralPartnershipInterestsInGeneralPartner"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfHoldingByGeneralPartner" xlink:label="loc_udf_PercentageOfHoldingByGeneralPartner"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfHoldingByGeneralPartner" xml:lang="en-US">Percentage Of Holding By General Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfHoldingByGeneralPartner" xml:lang="en-US">Percentage of Holding by General Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfHoldingByGeneralPartner" xml:lang="en-US">It represents the percentage of limited partnership interest held by general partner.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfHoldingByGeneralPartner" xlink:to="lab_udf_PercentageOfHoldingByGeneralPartner"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralPartnerDistributionsSinceInception" xlink:label="loc_udf_GeneralPartnerDistributionsSinceInception"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralPartnerDistributionsSinceInception" xml:lang="en-US">General Partner Distributions Since Inception</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralPartnerDistributionsSinceInception" xml:lang="en-US">General Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralPartnerDistributionsSinceInception" xml:lang="en-US">Distributions to the general partner of a partnership since inception as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralPartnerDistributionsSinceInception" xlink:to="lab_udf_GeneralPartnerDistributionsSinceInception"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnerDistributionsSinceInception" xlink:label="loc_udf_LimitedPartnerDistributionsSinceInception"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnerDistributionsSinceInception" xml:lang="en-US">Limited Partner Distributions Since Inception</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnerDistributionsSinceInception" xml:lang="en-US">Limited Partners</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnerDistributionsSinceInception" xml:lang="en-US">Distributions to the limited partner of a partnership since inception as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnerDistributionsSinceInception" xlink:to="lab_udf_LimitedPartnerDistributionsSinceInception"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RetainedEarningsReserve" xlink:label="loc_udf_RetainedEarningsReserve"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RetainedEarningsReserve" xml:lang="en-US">Retained Earnings Reserve</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RetainedEarningsReserve" xml:lang="en-US">Retained Earnings Reserve</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RetainedEarningsReserve" xml:lang="en-US">A segregation of retained earnings which is unavailable for dividend distribution.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RetainedEarningsReserve" xlink:to="lab_udf_RetainedEarningsReserve"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xml:lang="en-US">Retained Earnings (Accumulated Deficit)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit" xml:lang="en-US">Retained Earnings Deficit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="lab_us-gaap_RetainedEarningsAccumulatedDeficit"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PaymentsToGeneralPartnerAndRelatedParties" xlink:label="loc_udf_PaymentsToGeneralPartnerAndRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PaymentsToGeneralPartnerAndRelatedParties" xml:lang="en-US">Payments To General Partner and Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PaymentsToGeneralPartnerAndRelatedParties" xml:lang="en-US">Payments To General Partner and Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PaymentsToGeneralPartnerAndRelatedParties" xml:lang="en-US">The cash outflow associated with payments to general partners and related parties.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PaymentsToGeneralPartnerAndRelatedParties" xlink:to="lab_udf_PaymentsToGeneralPartnerAndRelatedParties"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CriteriaAxis" xlink:label="loc_udf_CriteriaAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CriteriaAxis" xml:lang="en-US">Criteria [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CriteriaAxis" xml:lang="en-US">Criteria [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CriteriaAxis" xlink:to="lab_udf_CriteriaAxis"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CriteriaDomain" xlink:label="loc_udf_CriteriaDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CriteriaDomain" xml:lang="en-US">Criteria [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CriteriaDomain" xml:lang="en-US">Criteria [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CriteriaDomain" xml:lang="en-US">Criteria.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CriteriaDomain" xlink:to="lab_udf_CriteriaDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_InvestmentsInMortgagesAbove82PercentageOfGrossProceedsMember" xlink:label="loc_udf_InvestmentsInMortgagesAbove82PercentageOfGrossProceedsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_InvestmentsInMortgagesAbove82PercentageOfGrossProceedsMember" xml:lang="en-US">Investments In Mortgages Above 82 Percentage Of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_InvestmentsInMortgagesAbove82PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in Mortgages Above 82% of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_InvestmentsInMortgagesAbove82PercentageOfGrossProceedsMember" xml:lang="en-US">Investments In Mortgages Above 82 Of Gross Proceeds.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_InvestmentsInMortgagesAbove82PercentageOfGrossProceedsMember" xlink:to="lab_udf_InvestmentsInMortgagesAbove82PercentageOfGrossProceedsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_InvestmentsInMortgagesAbove82PercentageButNoMoreThan845PercentageOfGrossProceedsMember" xlink:label="loc_udf_InvestmentsInMortgagesAbove82PercentageButNoMoreThan845PercentageOfGrossProceedsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_InvestmentsInMortgagesAbove82PercentageButNoMoreThan845PercentageOfGrossProceedsMember" xml:lang="en-US">Investments In Mortgages Above 82 Percentage But No More Than 84.5 Percentage Of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_InvestmentsInMortgagesAbove82PercentageButNoMoreThan845PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in Mortgages Above 82% But No More Than 84.5% of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_InvestmentsInMortgagesAbove82PercentageButNoMoreThan845PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in mortgages above 82% but no more than 84.5% of gross proceeds.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_InvestmentsInMortgagesAbove82PercentageButNoMoreThan845PercentageOfGrossProceedsMember" xlink:to="lab_udf_InvestmentsInMortgagesAbove82PercentageButNoMoreThan845PercentageOfGrossProceedsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_InvestmentsInMortgagesAbove845PercentageOfGrossProceedsMember" xlink:label="loc_udf_InvestmentsInMortgagesAbove845PercentageOfGrossProceedsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_InvestmentsInMortgagesAbove845PercentageOfGrossProceedsMember" xml:lang="en-US">Investments In Mortgages Above 84.5 Percentage Of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_InvestmentsInMortgagesAbove845PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in Mortgages Above 84.5% of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_InvestmentsInMortgagesAbove845PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in mortgages above 84.5% of gross proceeds.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_InvestmentsInMortgagesAbove845PercentageOfGrossProceedsMember" xlink:to="lab_udf_InvestmentsInMortgagesAbove845PercentageOfGrossProceedsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_InvestmentsInMortgagesAbove845PercentageButNoMoreThan865PercentageOfGrossProceedsMember" xlink:label="loc_udf_InvestmentsInMortgagesAbove845PercentageButNoMoreThan865PercentageOfGrossProceedsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_InvestmentsInMortgagesAbove845PercentageButNoMoreThan865PercentageOfGrossProceedsMember" xml:lang="en-US">Investments In Mortgages Above 84.5 Percentage But No More Than 86.5 Percentage Of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_InvestmentsInMortgagesAbove845PercentageButNoMoreThan865PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in Mortgages Above 84.5% But No More Than 86.5% of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_InvestmentsInMortgagesAbove845PercentageButNoMoreThan865PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in Mortgages Above 84.5 Percentage But No More Than 86.5 Percentage of Gross Proceeds.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_InvestmentsInMortgagesAbove845PercentageButNoMoreThan865PercentageOfGrossProceedsMember" xlink:to="lab_udf_InvestmentsInMortgagesAbove845PercentageButNoMoreThan865PercentageOfGrossProceedsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_InvestmentsInMortgagesAbove865PercentageOfGrossProceedsMember" xlink:label="loc_udf_InvestmentsInMortgagesAbove865PercentageOfGrossProceedsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_InvestmentsInMortgagesAbove865PercentageOfGrossProceedsMember" xml:lang="en-US">Investments In Mortgages Above 86.5 Percentage Of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_InvestmentsInMortgagesAbove865PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in Mortgages Above 86.5% of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_InvestmentsInMortgagesAbove865PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in mortgages above 86.5% of gross proceeds.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_InvestmentsInMortgagesAbove865PercentageOfGrossProceedsMember" xlink:to="lab_udf_InvestmentsInMortgagesAbove865PercentageOfGrossProceedsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_InvestmentsInMortgage855PercentageOfGrossProceedsMember" xlink:label="loc_udf_InvestmentsInMortgage855PercentageOfGrossProceedsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_InvestmentsInMortgage855PercentageOfGrossProceedsMember" xml:lang="en-US">Investments In Mortgage 85.5 Percentage Of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_InvestmentsInMortgage855PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in Mortgage 85.5% of Gross Proceeds [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_InvestmentsInMortgage855PercentageOfGrossProceedsMember" xml:lang="en-US">Investments in mortgage 85.5% of gross proceeds.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_InvestmentsInMortgage855PercentageOfGrossProceedsMember" xlink:to="lab_udf_InvestmentsInMortgage855PercentageOfGrossProceedsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CalculationCriteriaOneMember" xlink:label="loc_udf_CalculationCriteriaOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CalculationCriteriaOneMember" xml:lang="en-US">Calculation Criteria One [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CalculationCriteriaOneMember" xlink:to="lab_udf_CalculationCriteriaOneMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CalculationCriteriaTwoMember" xlink:label="loc_udf_CalculationCriteriaTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CalculationCriteriaTwoMember" xml:lang="en-US">Calculation Criteria Two [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CalculationCriteriaTwoMember" xlink:to="lab_udf_CalculationCriteriaTwoMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CalculationCriteriaThreeMember" xlink:label="loc_udf_CalculationCriteriaThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CalculationCriteriaThreeMember" xml:lang="en-US">Calculation Criteria Three [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CalculationCriteriaThreeMember" xlink:to="lab_udf_CalculationCriteriaThreeMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MortgageNotesReceivableAndMortgageNotesReceivableRelatedPartyTransactionTermsAndMannerOfSettlement" xlink:label="loc_udf_MortgageNotesReceivableAndMortgageNotesReceivableRelatedPartyTransactionTermsAndMannerOfSettlement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MortgageNotesReceivableAndMortgageNotesReceivableRelatedPartyTransactionTermsAndMannerOfSettlement" xml:lang="en-US">Mortgage Notes Receivable and Mortgage Notes Receivable Related Party Transaction Terms and Manner Of Settlement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MortgageNotesReceivableAndMortgageNotesReceivableRelatedPartyTransactionTermsAndMannerOfSettlement" xml:lang="en-US">Related Party Transaction, Terms and Manner of Settlement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_MortgageNotesReceivableAndMortgageNotesReceivableRelatedPartyTransactionTermsAndMannerOfSettlement" xml:lang="en-US">Description of the terms and manner of settlement of mortgage notes receivable including related party mortgage loans receivable.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MortgageNotesReceivableAndMortgageNotesReceivableRelatedPartyTransactionTermsAndMannerOfSettlement" xlink:to="lab_udf_MortgageNotesReceivableAndMortgageNotesReceivableRelatedPartyTransactionTermsAndMannerOfSettlement"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ParticipationInterestRelatedParty" xlink:label="loc_udf_ParticipationInterestRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ParticipationInterestRelatedParty" xml:lang="en-US">Participation Interest Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ParticipationInterestRelatedParty" xml:lang="en-US">Transferred Revolving Credit Facility</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ParticipationInterestRelatedParty" xml:lang="en-US">Description of the terms associated with loan participation interest in related party.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ParticipationInterestRelatedParty" xlink:to="lab_udf_ParticipationInterestRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MortgageNotesReceivableNonaccrualStatusUnpaidPrincipalBalance" xlink:label="loc_udf_MortgageNotesReceivableNonaccrualStatusUnpaidPrincipalBalance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MortgageNotesReceivableNonaccrualStatusUnpaidPrincipalBalance" xml:lang="en-US">Mortgage Notes Receivable Nonaccrual Status Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MortgageNotesReceivableNonaccrualStatusUnpaidPrincipalBalance" xml:lang="en-US">Mortgage Notes Receivable Nonaccrual Status Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_MortgageNotesReceivableNonaccrualStatusUnpaidPrincipalBalance" xml:lang="en-US">Total carrying amount of unpaid principal balances of non accruals mortgage loans as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MortgageNotesReceivableNonaccrualStatusUnpaidPrincipalBalance" xlink:to="lab_udf_MortgageNotesReceivableNonaccrualStatusUnpaidPrincipalBalance"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NumberOfCreditEnhancementsProvidedToRelatedParties" xlink:label="loc_udf_NumberOfCreditEnhancementsProvidedToRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NumberOfCreditEnhancementsProvidedToRelatedParties" xml:lang="en-US">Number Of Credit Enhancements Provided To Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NumberOfCreditEnhancementsProvidedToRelatedParties" xml:lang="en-US">Number Of Credit Enhancements Provided To Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NumberOfCreditEnhancementsProvidedToRelatedParties" xml:lang="en-US">Number of credit enhancement services provided to related party during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NumberOfCreditEnhancementsProvidedToRelatedParties" xlink:to="lab_udf_NumberOfCreditEnhancementsProvidedToRelatedParties"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DeferredFeesIncludedInMortgageNotesReceivable" xlink:label="loc_udf_DeferredFeesIncludedInMortgageNotesReceivable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DeferredFeesIncludedInMortgageNotesReceivable" xml:lang="en-US">Deferred Fees Included In Mortgage Notes Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_DeferredFeesIncludedInMortgageNotesReceivable" xml:lang="en-US">Deferred Fees Included In Mortgage Notes Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_DeferredFeesIncludedInMortgageNotesReceivable" xml:lang="en-US">The amount of deferred fees included in mortgage notes receivable.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DeferredFeesIncludedInMortgageNotesReceivable" xlink:to="lab_udf_DeferredFeesIncludedInMortgageNotesReceivable"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DeferredFeesIncludedInMortgageNotesReceivableRelatedParty" xlink:label="loc_udf_DeferredFeesIncludedInMortgageNotesReceivableRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DeferredFeesIncludedInMortgageNotesReceivableRelatedParty" xml:lang="en-US">Deferred Fees Included In Mortgage Notes Receivable Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_DeferredFeesIncludedInMortgageNotesReceivableRelatedParty" xml:lang="en-US">Deferred Fees Included In Mortgage Notes Receivable Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_DeferredFeesIncludedInMortgageNotesReceivableRelatedParty" xml:lang="en-US">The amount of deferred fees included in mortgage notes receivable related party.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DeferredFeesIncludedInMortgageNotesReceivableRelatedParty" xlink:to="lab_udf_DeferredFeesIncludedInMortgageNotesReceivableRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DeferredFeesIncludedInParticipationInterestRelatedParty" xlink:label="loc_udf_DeferredFeesIncludedInParticipationInterestRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DeferredFeesIncludedInParticipationInterestRelatedParty" xml:lang="en-US">Deferred Fees Included In Participation Interest Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_DeferredFeesIncludedInParticipationInterestRelatedParty" xml:lang="en-US">Deferred Fees Included In Participation Interest Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_DeferredFeesIncludedInParticipationInterestRelatedParty" xml:lang="en-US">The amount of deferred fees included in participation interest related party.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DeferredFeesIncludedInParticipationInterestRelatedParty" xlink:to="lab_udf_DeferredFeesIncludedInParticipationInterestRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfNetIncomeUsedToPayPublicOfferingExpenses" xlink:label="loc_udf_PercentageOfNetIncomeUsedToPayPublicOfferingExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfNetIncomeUsedToPayPublicOfferingExpenses" xml:lang="en-US">Percentage Of Net Income Used To Pay Public Offering Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfNetIncomeUsedToPayPublicOfferingExpenses" xml:lang="en-US">Percentage Of Net Income Used To Pay Public Offering Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfNetIncomeUsedToPayPublicOfferingExpenses" xml:lang="en-US">Represents the percentage of net income set aside as reserve intended to recover organization and offering expenses incurred in connection with our public offering of our units of limited partnership interest.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfNetIncomeUsedToPayPublicOfferingExpenses" xlink:to="lab_udf_PercentageOfNetIncomeUsedToPayPublicOfferingExpenses"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CarriedInterestRateCalculationDescription" xlink:label="loc_udf_CarriedInterestRateCalculationDescription"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CarriedInterestRateCalculationDescription" xml:lang="en-US">Carried Interest Rate Calculation Description</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CarriedInterestRateCalculationDescription" xml:lang="en-US">Carried Interest Rate Calculation Description</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CarriedInterestRateCalculationDescription" xml:lang="en-US">Represents the description about carried interest rate calculations.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CarriedInterestRateCalculationDescription" xlink:to="lab_udf_CarriedInterestRateCalculationDescription"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CarriedInterestRatePercentage" xlink:label="loc_udf_CarriedInterestRatePercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CarriedInterestRatePercentage" xml:lang="en-US">Carried Interest Rate, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CarriedInterestRatePercentage" xml:lang="en-US">Carried Interest Rate, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CarriedInterestRatePercentage" xml:lang="en-US">Represents the percentage of carried interest rate for the specified percentage of investment in mortgage.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CarriedInterestRatePercentage" xlink:to="lab_udf_CarriedInterestRatePercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MinimumPercentageOfWorkingCapitalReserveRequiredToBeMaintained" xlink:label="loc_udf_MinimumPercentageOfWorkingCapitalReserveRequiredToBeMaintained"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MinimumPercentageOfWorkingCapitalReserveRequiredToBeMaintained" xml:lang="en-US">Minimum Percentage Of Working Capital Reserve Required To Be Maintained</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MinimumPercentageOfWorkingCapitalReserveRequiredToBeMaintained" xml:lang="en-US">Minimum Percentage Of Working Capital Reserve Required To Be Maintained</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_MinimumPercentageOfWorkingCapitalReserveRequiredToBeMaintained" xml:lang="en-US">Represents the minimum percentage of working capital reserve need to be maintained of aggregate capital contributions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MinimumPercentageOfWorkingCapitalReserveRequiredToBeMaintained" xlink:to="lab_udf_MinimumPercentageOfWorkingCapitalReserveRequiredToBeMaintained"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralPartnerPromotionalInterestDescription" xlink:label="loc_udf_GeneralPartnerPromotionalInterestDescription"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralPartnerPromotionalInterestDescription" xml:lang="en-US">General Partner Promotional Interest Description</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralPartnerPromotionalInterestDescription" xml:lang="en-US">General Partner Promotional Interest Description</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralPartnerPromotionalInterestDescription" xml:lang="en-US">Represents the description about general partner promotional interest.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralPartnerPromotionalInterestDescription" xlink:to="lab_udf_GeneralPartnerPromotionalInterestDescription"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersAnnualizedReturn" xlink:label="loc_udf_LimitedPartnersAnnualizedReturn"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersAnnualizedReturn" xml:lang="en-US">Limited Partners Annualized Return</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersAnnualizedReturn" xml:lang="en-US">Limited Partners Annualized Return</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersAnnualizedReturn" xml:lang="en-US">The percentage limited partners annualized return.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersAnnualizedReturn" xlink:to="lab_udf_LimitedPartnersAnnualizedReturn"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CommonSharesOfBeneficialInterestToBeOfferedPricePerShare" xlink:label="loc_udf_CommonSharesOfBeneficialInterestToBeOfferedPricePerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CommonSharesOfBeneficialInterestToBeOfferedPricePerShare" xml:lang="en-US">Common Shares Of Beneficial Interest To Be Offered, Price Per Share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CommonSharesOfBeneficialInterestToBeOfferedPricePerShare" xml:lang="en-US">Common Shares Of Beneficial Interest To Be Offered, Price Per Share (in dollars per share)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CommonSharesOfBeneficialInterestToBeOfferedPricePerShare" xml:lang="en-US">The price per common shares of beneficial interest to be offered.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CommonSharesOfBeneficialInterestToBeOfferedPricePerShare" xlink:to="lab_udf_CommonSharesOfBeneficialInterestToBeOfferedPricePerShare"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RetainedEarningsContainSurplusDescriptionCriteria" xlink:label="loc_udf_RetainedEarningsContainSurplusDescriptionCriteria"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RetainedEarningsContainSurplusDescriptionCriteria" xml:lang="en-US">Retained Earnings Contain Surplus, Description Criteria</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RetainedEarningsContainSurplusDescriptionCriteria" xml:lang="en-US">Retained Earnings Contain Surplus, Description Criteria</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RetainedEarningsContainSurplusDescriptionCriteria" xml:lang="en-US">Represents the retained earnings surplus or deficit position based on the cash available for distributions criteria.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RetainedEarningsContainSurplusDescriptionCriteria" xlink:to="lab_udf_RetainedEarningsContainSurplusDescriptionCriteria"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RetainedEarningsContainDeficitDescriptionCriteria" xlink:label="loc_udf_RetainedEarningsContainDeficitDescriptionCriteria"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RetainedEarningsContainDeficitDescriptionCriteria" xml:lang="en-US">Retained Earnings Contain Deficit, Description Criteria</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RetainedEarningsContainDeficitDescriptionCriteria" xml:lang="en-US">Retained Earnings Contain Deficit, Description Criteria</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RetainedEarningsContainDeficitDescriptionCriteria" xml:lang="en-US">Represents the retained earnings surplus or deficit position based on the cash available for distributions criteria.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RetainedEarningsContainDeficitDescriptionCriteria" xlink:to="lab_udf_RetainedEarningsContainDeficitDescriptionCriteria"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralPartnersCashDistribution" xlink:label="loc_udf_GeneralPartnersCashDistribution"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralPartnersCashDistribution" xml:lang="en-US">General Partners Cash Distribution</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralPartnersCashDistribution" xml:lang="en-US">General Partners Cash Distribution</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralPartnersCashDistribution" xml:lang="en-US">The amount of cash distributions paid to the general partner of a partnership as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralPartnersCashDistribution" xlink:to="lab_udf_GeneralPartnersCashDistribution"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralPartnersDistributionDeclaredButNotPaid" xlink:label="loc_udf_GeneralPartnersDistributionDeclaredButNotPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralPartnersDistributionDeclaredButNotPaid" xml:lang="en-US">General Partners Distribution Declared But Not Paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralPartnersDistributionDeclaredButNotPaid" xml:lang="en-US">General Partners Distribution Declared But Not Paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralPartnersDistributionDeclaredButNotPaid" xml:lang="en-US">The amount of general partners distribution declared but not paid as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralPartnersDistributionDeclaredButNotPaid" xlink:to="lab_udf_GeneralPartnersDistributionDeclaredButNotPaid"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersDistribution" xlink:label="loc_udf_LimitedPartnersDistribution"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersDistribution" xml:lang="en-US">Limited Partners Distribution</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersDistribution" xml:lang="en-US">Limited Partners Distribution</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersDistribution" xml:lang="en-US">The amount of cash distributions paid to the limited partner of a partnership as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersDistribution" xlink:to="lab_udf_LimitedPartnersDistribution"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersDistributionReinvested" xlink:label="loc_udf_LimitedPartnersDistributionReinvested"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersDistributionReinvested" xml:lang="en-US">Limited Partners Distribution Reinvested</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersDistributionReinvested" xml:lang="en-US">Limited Partners Distribution Reinvested</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersDistributionReinvested" xml:lang="en-US">The amount of limited partners distribution reinvested as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersDistributionReinvested" xlink:to="lab_udf_LimitedPartnersDistributionReinvested"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersDistributionSharesReinvested" xlink:label="loc_udf_LimitedPartnersDistributionSharesReinvested"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersDistributionSharesReinvested" xml:lang="en-US">Limited Partners Distribution Shares Reinvested</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersDistributionSharesReinvested" xml:lang="en-US">Limited Partners Distribution Shares Reinvested</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersDistributionSharesReinvested" xml:lang="en-US">The number of limited partners distribution shares reinvested as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersDistributionSharesReinvested" xlink:to="lab_udf_LimitedPartnersDistributionSharesReinvested"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementEquityComponentsAxis" xml:lang="en-US">Statement, Equity Components [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StatementEquityComponentsAxis" xml:lang="en-US">Statement, Equity Components [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementEquityComponentsAxis" xlink:to="lab_us-gaap_StatementEquityComponentsAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_EquityComponentDomain" xml:lang="en-US">Equity Component [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_EquityComponentDomain" xml:lang="en-US">Equity Component [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityComponentDomain" xlink:to="lab_us-gaap_EquityComponentDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DistributionReinvestmentPlanMember" xlink:label="loc_udf_DistributionReinvestmentPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DistributionReinvestmentPlanMember" xml:lang="en-US">Distribution Reinvestment Plan [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DistributionReinvestmentPlanMember" xlink:to="lab_udf_DistributionReinvestmentPlanMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CommonSharesOfBeneficialInterestToBeOfferedMaximumNumber" xlink:label="loc_udf_CommonSharesOfBeneficialInterestToBeOfferedMaximumNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CommonSharesOfBeneficialInterestToBeOfferedMaximumNumber" xml:lang="en-US">Common Shares Of Beneficial Interest To Be Offered Maximum Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CommonSharesOfBeneficialInterestToBeOfferedMaximumNumber" xml:lang="en-US">Common Shares Of Beneficial Interest To Be Offered Maximum Number (in shares)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CommonSharesOfBeneficialInterestToBeOfferedMaximumNumber" xml:lang="en-US">Maximum number of common shares of beneficial interest to be offered in the initial public offering as per the registration statement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CommonSharesOfBeneficialInterestToBeOfferedMaximumNumber" xlink:to="lab_udf_CommonSharesOfBeneficialInterestToBeOfferedMaximumNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NotesAndLoansReceivableIncludingRelatedPartyTransactionsNet" xlink:label="loc_udf_NotesAndLoansReceivableIncludingRelatedPartyTransactionsNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NotesAndLoansReceivableIncludingRelatedPartyTransactionsNet" xml:lang="en-US">Notes and Loans Receivable Including Related Party Transactions, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NotesAndLoansReceivableIncludingRelatedPartyTransactionsNet" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_NotesAndLoansReceivableIncludingRelatedPartyTransactionsNet" xml:lang="en-US">Total</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NotesAndLoansReceivableIncludingRelatedPartyTransactionsNet" xml:lang="en-US">An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt and includes related party transactions.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NotesAndLoansReceivableIncludingRelatedPartyTransactionsNet" xlink:to="lab_udf_NotesAndLoansReceivableIncludingRelatedPartyTransactionsNet"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="loc_us-gaap_RealEstateAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RealEstateAbstract" xml:lang="en-US">Real Estate [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RealEstateAbstract" xml:lang="en-US">Real Estate:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateAbstract" xlink:to="lab_us-gaap_RealEstateAbstract"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NotesAndParticipationsReceivable" xlink:label="loc_udf_NotesAndParticipationsReceivable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NotesAndParticipationsReceivable" xml:lang="en-US">Notes and Participations Receivable</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_udf_NotesAndParticipationsReceivable" xml:lang="en-US">Loans Receivable, Gross, Commercial, Real Estate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NotesAndParticipationsReceivable" xml:lang="en-US">Acquisition and land development</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NotesAndParticipationsReceivable" xml:lang="en-US">Outstanding balance of acquisition and land development loans and participation interests extended to all borrowers.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NotesAndParticipationsReceivable" xlink:to="lab_udf_NotesAndParticipationsReceivable"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesRealEstate" xlink:label="loc_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate" xml:lang="en-US">Allowance For Loan and Lease Losses, Real Estate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate" xml:lang="en-US">Allowance for loan losses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate" xml:lang="en-US">Allowance for loan losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate" xlink:to="lab_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:label="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xml:lang="en-US">Unamortized Loan Commitment and Origination Fees and Unamortized Discounts Or Premiums</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xml:lang="en-US">Unamortized commitment fees and placement fees</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums" xlink:to="lab_us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FinancingReceivableInformationByPortfolioSegmentAxis" xlink:label="loc_us-gaap_FinancingReceivableInformationByPortfolioSegmentAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancingReceivableInformationByPortfolioSegmentAxis" xml:lang="en-US">Financing Receivable Information By Portfolio Segment [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancingReceivableInformationByPortfolioSegmentAxis" xml:lang="en-US">Financing Receivable Information by Portfolio Segment [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableInformationByPortfolioSegmentAxis" xlink:to="lab_us-gaap_FinancingReceivableInformationByPortfolioSegmentAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FinancingReceivableAllowanceDomain" xlink:label="loc_us-gaap_FinancingReceivableAllowanceDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancingReceivableAllowanceDomain" xml:lang="en-US">Financing Receivable Allowance [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancingReceivableAllowanceDomain" xml:lang="en-US">Financing Receivable Allowance [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableAllowanceDomain" xlink:to="lab_us-gaap_FinancingReceivableAllowanceDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RelatedPartyLoanReceivableMember" xlink:label="loc_udf_RelatedPartyLoanReceivableMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RelatedPartyLoanReceivableMember" xml:lang="en-US">Related Party Loan Receivable [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RelatedPartyLoanReceivableMember" xlink:to="lab_udf_RelatedPartyLoanReceivableMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonRelatedPartyLoanReceivableMember" xlink:label="loc_udf_NonRelatedPartyLoanReceivableMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonRelatedPartyLoanReceivableMember" xml:lang="en-US">Non Related Party Loan Receivable [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonRelatedPartyLoanReceivableMember" xlink:to="lab_udf_NonRelatedPartyLoanReceivableMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_FinancingReceivableMaturityDateAxis" xlink:label="loc_udf_FinancingReceivableMaturityDateAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_FinancingReceivableMaturityDateAxis" xml:lang="en-US">Financing Receivable Maturity Date [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_FinancingReceivableMaturityDateAxis" xml:lang="en-US">Financing Receivable Maturity Date [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_FinancingReceivableMaturityDateAxis" xml:lang="en-US">Financing receivable maturity date axis.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_FinancingReceivableMaturityDateAxis" xlink:to="lab_udf_FinancingReceivableMaturityDateAxis"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_FinancingReceivableMaturityDateDomain" xlink:label="loc_udf_FinancingReceivableMaturityDateDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_FinancingReceivableMaturityDateDomain" xml:lang="en-US">Financing Receivable Maturity Date [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_FinancingReceivableMaturityDateDomain" xml:lang="en-US">Financing Receivable Maturity Date [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_FinancingReceivableMaturityDateDomain" xml:lang="en-US">Financing receivable maturity date domain.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_FinancingReceivableMaturityDateDomain" xlink:to="lab_udf_FinancingReceivableMaturityDateDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturedMember" xlink:label="loc_udf_MaturedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturedMember" xml:lang="en-US">Matured [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturedMember" xlink:to="lab_udf_MaturedMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturityDate2012Q4Member" xlink:label="loc_udf_MaturityDate2012Q4Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturityDate2012Q4Member" xml:lang="en-US">Maturity Date 2012 Q4 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturityDate2012Q4Member" xlink:to="lab_udf_MaturityDate2012Q4Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturityDate2012Member" xlink:label="loc_udf_MaturityDate2012Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturityDate2012Member" xml:lang="en-US">Maturity Date 2012 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturityDate2012Member" xlink:to="lab_udf_MaturityDate2012Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturityDate2013Member" xlink:label="loc_udf_MaturityDate2013Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturityDate2013Member" xml:lang="en-US">Maturity Date 2013 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturityDate2013Member" xlink:to="lab_udf_MaturityDate2013Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturityDate2014Member" xlink:label="loc_udf_MaturityDate2014Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturityDate2014Member" xml:lang="en-US">Maturity Date 2014 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturityDate2014Member" xlink:to="lab_udf_MaturityDate2014Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturityDate2015Member" xlink:label="loc_udf_MaturityDate2015Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturityDate2015Member" xml:lang="en-US">Maturity Date 2015 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturityDate2015Member" xlink:to="lab_udf_MaturityDate2015Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NotesAndLoanReceivableOutstandingNumber" xlink:label="loc_udf_NotesAndLoanReceivableOutstandingNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NotesAndLoanReceivableOutstandingNumber" xml:lang="en-US">Notes and Loan Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NotesAndLoanReceivableOutstandingNumber" xml:lang="en-US">Notes and Loan Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NotesAndLoanReceivableOutstandingNumber" xml:lang="en-US">The total number of notes and loan receivable outstanding as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NotesAndLoanReceivableOutstandingNumber" xlink:to="lab_udf_NotesAndLoanReceivableOutstandingNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfNotesAndLoanReceivableOutstanding" xlink:label="loc_udf_PercentageOfNotesAndLoanReceivableOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfNotesAndLoanReceivableOutstanding" xml:lang="en-US">Percentage Of Notes and Loan Receivable Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfNotesAndLoanReceivableOutstanding" xml:lang="en-US">Percentage Of Notes and Loan Receivable Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfNotesAndLoanReceivableOutstanding" xml:lang="en-US">The percentage of notes and loan receivable outstanding.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfNotesAndLoanReceivableOutstanding" xlink:to="lab_udf_PercentageOfNotesAndLoanReceivableOutstanding"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturityDate2009Member" xlink:label="loc_udf_MaturityDate2009Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturityDate2009Member" xml:lang="en-US">Maturity Date 2009 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturityDate2009Member" xlink:to="lab_udf_MaturityDate2009Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturityDate2010Member" xlink:label="loc_udf_MaturityDate2010Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturityDate2010Member" xml:lang="en-US">Maturity Date 2010 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturityDate2010Member" xlink:to="lab_udf_MaturityDate2010Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturityDate2011Member" xlink:label="loc_udf_MaturityDate2011Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturityDate2011Member" xml:lang="en-US">Maturity Date 2011 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturityDate2011Member" xlink:to="lab_udf_MaturityDate2011Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturityDate20123QMember" xlink:label="loc_udf_MaturityDate20123QMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturityDate20123QMember" xml:lang="en-US">Maturity Date 2012 3 Q [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MaturityDate20123QMember" xml:lang="en-US">Maturity Date 2012 3Q [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturityDate20123QMember" xlink:to="lab_udf_MaturityDate20123QMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonperformingNotesAndLoansReceivableOutstandingAmount" xlink:label="loc_udf_NonperformingNotesAndLoansReceivableOutstandingAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonperformingNotesAndLoansReceivableOutstandingAmount" xml:lang="en-US">Nonperforming Notes and Loans Receivable Outstanding, Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NonperformingNotesAndLoansReceivableOutstandingAmount" xml:lang="en-US">Nonperforming Notes and Loans Receivable Outstanding, Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NonperformingNotesAndLoansReceivableOutstandingAmount" xml:lang="en-US">The amount of notes and loans receivable including related party loans had not been repaid or extended as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonperformingNotesAndLoansReceivableOutstandingAmount" xlink:to="lab_udf_NonperformingNotesAndLoansReceivableOutstandingAmount"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonperformingNotesAndLoansReceivableOutstandingNumber" xlink:label="loc_udf_NonperformingNotesAndLoansReceivableOutstandingNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonperformingNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">Nonperforming Notes and Loans Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NonperformingNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">Nonperforming Notes and Loans Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NonperformingNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">The total number of notes and loan receivable had not been repaid or extended as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonperformingNotesAndLoansReceivableOutstandingNumber" xlink:to="lab_udf_NonperformingNotesAndLoansReceivableOutstandingNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfNonperformingNotesAndLoansReceivableOutstanding" xlink:label="loc_udf_PercentageOfNonperformingNotesAndLoansReceivableOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfNonperformingNotesAndLoansReceivableOutstanding" xml:lang="en-US">Percentage Of Nonperforming Notes and Loans Receivable Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfNonperformingNotesAndLoansReceivableOutstanding" xml:lang="en-US">Percentage Of Nonperforming Notes and Loans Receivable Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfNonperformingNotesAndLoansReceivableOutstanding" xml:lang="en-US">The percentage of non-performing notes and loans receivable outstanding.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfNonperformingNotesAndLoansReceivableOutstanding" xlink:to="lab_udf_PercentageOfNonperformingNotesAndLoansReceivableOutstanding"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonRelatedPartyNotesAndLoansReceivableOutstandingAmount" xlink:label="loc_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingAmount" xml:lang="en-US">Non Related Party Notes and Loans Receivable Outstanding, Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingAmount" xml:lang="en-US">Non Related Party Notes and Loans Receivable Outstanding, Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingAmount" xml:lang="en-US">The outstanding amount of non related party notes and loan receivable outstanding as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingAmount" xlink:to="lab_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingAmount"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonRelatedPartyNotesAndLoansReceivableOutstandingNumber" xlink:label="loc_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">Non Related Party Notes and Loans Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">Non Related Party Notes and Loans Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">The number of non related party notes and loan receivable outstanding as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingNumber" xlink:to="lab_udf_NonRelatedPartyNotesAndLoansReceivableOutstandingNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonRelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xlink:label="loc_udf_NonRelatedPartyPercentageOfNotesAndLoanReceivableOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonRelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xml:lang="en-US">Non Related Party Percentage Of Notes and Loan Receivable Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NonRelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xml:lang="en-US">Non Related Party Percentage Of Notes and Loan Receivable Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NonRelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xml:lang="en-US">The Percentage of non related party notes and loan receivable outstanding as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonRelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xlink:to="lab_udf_NonRelatedPartyPercentageOfNotesAndLoanReceivableOutstanding"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xlink:label="loc_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xml:lang="en-US">Non Related Party Aggregate Unpaid Principal Balance, Loan Receivable, Extended</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xml:lang="en-US">Non Related Party Aggregate Unpaid Principal Balance, Loan Receivable, Extended</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xml:lang="en-US">The value of non-related party notes and loan receivable extended during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xlink:to="lab_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonRelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xlink:label="loc_udf_NonRelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonRelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xml:lang="en-US">Non Related Party Loans and Leases Receivable, Period Increase (Decrease)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NonRelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xml:lang="en-US">Non Related Party Loans and Leases Receivable, Period Increase (Decrease)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NonRelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xml:lang="en-US">The value of increase (decrease) in non-related party notes and loan receivable during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonRelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xlink:to="lab_udf_NonRelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xlink:label="loc_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xml:lang="en-US">Non Related Party Aggregate Unpaid Principal Balance Loan Receivable Matured In Current Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xml:lang="en-US">Non Related Party Aggregate Unpaid Principal Balance Loan Receivable Matured In Current Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xml:lang="en-US">The aggregate unpaid principal balance of loan receivable that matured in the non related party notes and loan receivable during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xlink:to="lab_udf_NonRelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RelatedPartyNotesAndLoansReceivableOutstandingAmount" xlink:label="loc_udf_RelatedPartyNotesAndLoansReceivableOutstandingAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RelatedPartyNotesAndLoansReceivableOutstandingAmount" xml:lang="en-US">Related Party Notes and Loans Receivable Outstanding, Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RelatedPartyNotesAndLoansReceivableOutstandingAmount" xml:lang="en-US">Related Party Notes and Loans Receivable Outstanding, Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RelatedPartyNotesAndLoansReceivableOutstandingAmount" xml:lang="en-US">The outstanding amount of related party notes and loan receivable outstanding as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RelatedPartyNotesAndLoansReceivableOutstandingAmount" xlink:to="lab_udf_RelatedPartyNotesAndLoansReceivableOutstandingAmount"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RelatedPartyNotesAndLoansReceivableOutstandingNumber" xlink:label="loc_udf_RelatedPartyNotesAndLoansReceivableOutstandingNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RelatedPartyNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">Related Party Notes and Loans Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RelatedPartyNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">Related Party Notes and Loans Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RelatedPartyNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">The number of related party notes and loan receivable outstanding as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RelatedPartyNotesAndLoansReceivableOutstandingNumber" xlink:to="lab_udf_RelatedPartyNotesAndLoansReceivableOutstandingNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xlink:label="loc_udf_RelatedPartyPercentageOfNotesAndLoanReceivableOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xml:lang="en-US">Related Party Percentage Of Notes and Loan Receivable Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xml:lang="en-US">Related Party Percentage Of Notes and Loan Receivable Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xml:lang="en-US">The Percentage of related party notes and loan receivable outstanding as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RelatedPartyPercentageOfNotesAndLoanReceivableOutstanding" xlink:to="lab_udf_RelatedPartyPercentageOfNotesAndLoanReceivableOutstanding"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xlink:label="loc_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xml:lang="en-US">Related Party Aggregate Unpaid Principal Balance, Loan Receivable, Extended</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xml:lang="en-US">Related Party Aggregate Unpaid Principal Balance, Loan Receivable, Extended</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xml:lang="en-US">The value of related party notes and loan receivable extended during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended" xlink:to="lab_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableExtended"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xlink:label="loc_udf_RelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xml:lang="en-US">Related Party Loans and Leases Receivable, Period Increase (Decrease)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xml:lang="en-US">Related Party Loans and Leases Receivable, Period Increase (Decrease)</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xml:lang="en-US">The value of increase (decrease) in the related party notes and loan receivable during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease" xlink:to="lab_udf_RelatedPartyLoansAndLeasesReceivablePeriodIncreaseDecrease"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xlink:label="loc_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xml:lang="en-US">Related Party Aggregate Unpaid Principal Balance Loan Receivable Matured In Current Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xml:lang="en-US">Related Party Aggregate Unpaid Principal Balance Loan Receivable Matured In Current Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xml:lang="en-US">The aggregate unpaid principal balance of loan receivable that matured in the related party notes and loan receivable during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod" xlink:to="lab_udf_RelatedPartyAggregateUnpaidPrincipalBalanceLoanReceivableMaturedInCurrentPeriod"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FinancingReceivableInformationByCreditQualityIndicatorAxis" xlink:label="loc_us-gaap_FinancingReceivableInformationByCreditQualityIndicatorAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancingReceivableInformationByCreditQualityIndicatorAxis" xml:lang="en-US">Financing Receivable Information By Credit Quality Indicator [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancingReceivableInformationByCreditQualityIndicatorAxis" xml:lang="en-US">Defined Benefit Plan, Fair Value of Plan Assets by Measurement [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableInformationByCreditQualityIndicatorAxis" xlink:to="lab_us-gaap_FinancingReceivableInformationByCreditQualityIndicatorAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FinancingReceivableByCreditQualityIndicatorDomain" xlink:label="loc_us-gaap_FinancingReceivableByCreditQualityIndicatorDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancingReceivableByCreditQualityIndicatorDomain" xml:lang="en-US">Financing Receivable, By Credit Quality Indicator [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_FinancingReceivableByCreditQualityIndicatorDomain" xml:lang="en-US">Fair Value Plan Asset Measurement [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableByCreditQualityIndicatorDomain" xlink:to="lab_us-gaap_FinancingReceivableByCreditQualityIndicatorDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CreditQualityLevel1Member" xlink:label="loc_udf_CreditQualityLevel1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CreditQualityLevel1Member" xml:lang="en-US">Credit Quality Level1 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CreditQualityLevel1Member" xlink:to="lab_udf_CreditQualityLevel1Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CreditQualityLevel2Member" xlink:label="loc_udf_CreditQualityLevel2Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CreditQualityLevel2Member" xml:lang="en-US">Credit Quality Level2 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CreditQualityLevel2Member" xlink:to="lab_udf_CreditQualityLevel2Member"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CreditQualityLevel3Member" xlink:label="loc_udf_CreditQualityLevel3Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CreditQualityLevel3Member" xml:lang="en-US">Credit Quality Level3 [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CreditQualityLevel3Member" xlink:to="lab_udf_CreditQualityLevel3Member"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:label="loc_us-gaap_LoansAndLeasesReceivableAllowance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance" xml:lang="en-US">Loans and Leases Receivable, Allowance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance" xml:lang="en-US">Loans and Leases Receivable, Allowance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance" xml:lang="en-US">Balance, beginning of year</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance" xml:lang="en-US">Balance, end of period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableAllowance" xlink:to="lab_us-gaap_LoansAndLeasesReceivableAllowance"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesProvisionForLossNet" xlink:label="loc_us-gaap_AllowanceForLoanAndLeaseLossesProvisionForLossNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesProvisionForLossNet" xml:lang="en-US">Allowance For Loan and Lease Losses, Provision For Loss, Net</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesProvisionForLossNet" xml:lang="en-US">Provision for loan losses</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForLoanAndLeaseLossesProvisionForLossNet" xlink:to="lab_us-gaap_AllowanceForLoanAndLeaseLossesProvisionForLossNet"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs" xlink:label="loc_us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs" xml:lang="en-US">Allowance For Loan and Lease Losses, Write-Offs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs" xml:lang="en-US">Charge-offs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs" xlink:to="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteOffs"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoansOriginatedOrPurchasedNumber" xlink:label="loc_udf_LoansOriginatedOrPurchasedNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoansOriginatedOrPurchasedNumber" xml:lang="en-US">Loans Originated Or Purchased Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoansOriginatedOrPurchasedNumber" xml:lang="en-US">Loans Originated Or Purchased Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoansOriginatedOrPurchasedNumber" xml:lang="en-US">Represents the number of loans originated or purchased as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoansOriginatedOrPurchasedNumber" xlink:to="lab_udf_LoansOriginatedOrPurchasedNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoansRepaidFullyByRespectiveBorrowerNumber" xlink:label="loc_udf_LoansRepaidFullyByRespectiveBorrowerNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoansRepaidFullyByRespectiveBorrowerNumber" xml:lang="en-US">Loans Repaid Fully By Respective Borrower, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoansRepaidFullyByRespectiveBorrowerNumber" xml:lang="en-US">Loans Repaid Fully By Respective Borrower, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoansRepaidFullyByRespectiveBorrowerNumber" xml:lang="en-US">Represents the number of loans repaid fully by the respective borrowers as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoansRepaidFullyByRespectiveBorrowerNumber" xlink:to="lab_udf_LoansRepaidFullyByRespectiveBorrowerNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoanReceivableOutstandingNumber" xlink:label="loc_udf_LoanReceivableOutstandingNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoanReceivableOutstandingNumber" xml:lang="en-US">Loan Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoanReceivableOutstandingNumber" xml:lang="en-US">Loan Receivable Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoanReceivableOutstandingNumber" xml:lang="en-US">Represents the number of loans receivable outstanding, numbers.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoanReceivableOutstandingNumber" xlink:to="lab_udf_LoanReceivableOutstandingNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoansOriginatedDuringPeriodNumber" xlink:label="loc_udf_LoansOriginatedDuringPeriodNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoansOriginatedDuringPeriodNumber" xml:lang="en-US">Loans Originated During Period Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoansOriginatedDuringPeriodNumber" xml:lang="en-US">Loans Originated During Period Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoansOriginatedDuringPeriodNumber" xml:lang="en-US">Number of loans originated during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoansOriginatedDuringPeriodNumber" xlink:to="lab_udf_LoansOriginatedDuringPeriodNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoansSoldDuringPeriodNumber" xlink:label="loc_udf_LoansSoldDuringPeriodNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoansSoldDuringPeriodNumber" xml:lang="en-US">Loans Sold During Period Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoansSoldDuringPeriodNumber" xml:lang="en-US">Loans Sold During Period Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoansSoldDuringPeriodNumber" xml:lang="en-US">Number of loans sold during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoansSoldDuringPeriodNumber" xlink:to="lab_udf_LoansSoldDuringPeriodNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CollectabilityProbableNonperformingNotesAndLoansReceivableOutstandingNumber" xlink:label="loc_udf_CollectabilityProbableNonperformingNotesAndLoansReceivableOutstandingNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CollectabilityProbableNonperformingNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">Collectability Probable Nonperforming Notes and Loans Receivable Outstanding Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CollectabilityProbableNonperformingNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">Collectability Probable Nonperforming Notes And Loans Receivable Outstanding Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CollectabilityProbableNonperformingNotesAndLoansReceivableOutstandingNumber" xml:lang="en-US">The total number of notes and loan receivable had not been repaid or extended and collectability is probable as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CollectabilityProbableNonperformingNotesAndLoansReceivableOutstandingNumber" xlink:to="lab_udf_CollectabilityProbableNonperformingNotesAndLoansReceivableOutstandingNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NonperformingMortgageNotesReceivableUnpaidPrincipalBalance" xlink:label="loc_udf_NonperformingMortgageNotesReceivableUnpaidPrincipalBalance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NonperformingMortgageNotesReceivableUnpaidPrincipalBalance" xml:lang="en-US">Nonperforming Mortgage Notes Receivable Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_NonperformingMortgageNotesReceivableUnpaidPrincipalBalance" xml:lang="en-US">Nonperforming Mortgage Notes Receivable Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_NonperformingMortgageNotesReceivableUnpaidPrincipalBalance" xml:lang="en-US">Amount of unpaid principal balance of non-performing mortgage notes receivable.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NonperformingMortgageNotesReceivableUnpaidPrincipalBalance" xlink:to="lab_udf_NonperformingMortgageNotesReceivableUnpaidPrincipalBalance"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturedMortgageLoansReceivableOutstanding" xlink:label="loc_udf_MaturedMortgageLoansReceivableOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaturedMortgageLoansReceivableOutstanding" xml:lang="en-US">Matured Mortgage Loans Receivable Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MaturedMortgageLoansReceivableOutstanding" xml:lang="en-US">Matured mortgage loans receivable, outstanding</label>

<label xlink:type="resource" xlink:label="lab_udf_MaturedMortgageLoansReceivableOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US">The total number of mortgage notes receivable matured as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturedMortgageLoansReceivableOutstanding" xlink:to="lab_udf_MaturedMortgageLoansReceivableOutstanding"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CollectabilityProbableMortgageNotesReceivableUnpaidPrincipalBalance" xlink:label="loc_udf_CollectabilityProbableMortgageNotesReceivableUnpaidPrincipalBalance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CollectabilityProbableMortgageNotesReceivableUnpaidPrincipalBalance" xml:lang="en-US">Collectability Probable Mortgage Notes Receivable Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CollectabilityProbableMortgageNotesReceivableUnpaidPrincipalBalance" xml:lang="en-US">Collectability Probable Mortgage Notes Receivable Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CollectabilityProbableMortgageNotesReceivableUnpaidPrincipalBalance" xml:lang="en-US">Collectability probable mortgage notes receivable, unpaid principal balance.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CollectabilityProbableMortgageNotesReceivableUnpaidPrincipalBalance" xlink:to="lab_udf_CollectabilityProbableMortgageNotesReceivableUnpaidPrincipalBalance"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CollectabilityNotProbableNonperformingMortgageNotesReceivableOutstandingNumber" xlink:label="loc_udf_CollectabilityNotProbableNonperformingMortgageNotesReceivableOutstandingNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CollectabilityNotProbableNonperformingMortgageNotesReceivableOutstandingNumber" xml:lang="en-US">Collectability Not Probable Nonperforming Mortgage Notes Receivable Outstanding Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CollectabilityNotProbableNonperformingMortgageNotesReceivableOutstandingNumber" xml:lang="en-US">Collectability Not Probable Nonperforming Mortgage Notes Receivable Outstanding Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CollectabilityNotProbableNonperformingMortgageNotesReceivableOutstandingNumber" xml:lang="en-US">Collectability not probable nonperforming mortgage notes receivable outstanding, number.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CollectabilityNotProbableNonperformingMortgageNotesReceivableOutstandingNumber" xlink:to="lab_udf_CollectabilityNotProbableNonperformingMortgageNotesReceivableOutstandingNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CollectabilityNotProbableMortgageNotesReceivableUnpaidPrincipalBalance" xlink:label="loc_udf_CollectabilityNotProbableMortgageNotesReceivableUnpaidPrincipalBalance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CollectabilityNotProbableMortgageNotesReceivableUnpaidPrincipalBalance" xml:lang="en-US">Collectability Not Probable Mortgage Notes Receivable Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CollectabilityNotProbableMortgageNotesReceivableUnpaidPrincipalBalance" xml:lang="en-US">Collectability Not Probable Mortgage Notes Receivable Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CollectabilityNotProbableMortgageNotesReceivableUnpaidPrincipalBalance" xml:lang="en-US">Collectability not probable mortgage notes receivable, unpaid principal balance.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CollectabilityNotProbableMortgageNotesReceivableUnpaidPrincipalBalance" xlink:to="lab_udf_CollectabilityNotProbableMortgageNotesReceivableUnpaidPrincipalBalance"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ImpairedFinancingReceivableAveragePrincipalAmount" xlink:label="loc_udf_ImpairedFinancingReceivableAveragePrincipalAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ImpairedFinancingReceivableAveragePrincipalAmount" xml:lang="en-US">Impaired Financing Receivable Average Principal Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ImpairedFinancingReceivableAveragePrincipalAmount" xml:lang="en-US">Impaired Financing Receivable, Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ImpairedFinancingReceivableAveragePrincipalAmount" xml:lang="en-US">The average principal amount under impaired financing receivable during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ImpairedFinancingReceivableAveragePrincipalAmount" xlink:to="lab_udf_ImpairedFinancingReceivableAveragePrincipalAmount"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ImpairedFinancingReceivableAverageInterestIncomeAccrualMethod" xlink:label="loc_udf_ImpairedFinancingReceivableAverageInterestIncomeAccrualMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ImpairedFinancingReceivableAverageInterestIncomeAccrualMethod" xml:lang="en-US">Impaired Financing Receivable Average Interest Income Accrual Method</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ImpairedFinancingReceivableAverageInterestIncomeAccrualMethod" xml:lang="en-US">Impaired Financing Receivable, Interest Income, Accrual Method</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ImpairedFinancingReceivableAverageInterestIncomeAccrualMethod" xml:lang="en-US">The average interest income recognized during the time within that period that the financing receivables were impaired.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ImpairedFinancingReceivableAverageInterestIncomeAccrualMethod" xlink:to="lab_udf_ImpairedFinancingReceivableAverageInterestIncomeAccrualMethod"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts" xlink:label="loc_us-gaap_AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts" xml:lang="en-US">Allowance For Loan and Lease Losses, Recoveries Of Bad Debts</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts" xml:lang="en-US">Allowance for Loan and Lease Losses, Recoveries of Bad Debts</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts" xlink:to="lab_us-gaap_AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="loc_us-gaap_LineOfCreditFacilityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LineOfCreditFacilityAxis" xml:lang="en-US">Line Of Credit Facility [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LineOfCreditFacilityAxis" xml:lang="en-US">Line of Credit Facility [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityAxis" xlink:to="lab_us-gaap_LineOfCreditFacilityAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="loc_us-gaap_LineOfCreditFacilityLenderDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LineOfCreditFacilityLenderDomain" xml:lang="en-US">Line Of Credit Facility, Lender [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LineOfCreditFacilityLenderDomain" xml:lang="en-US">Line of Credit Facility, Lender [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityLenderDomain" xlink:to="lab_us-gaap_LineOfCreditFacilityLenderDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_BrockhoeftCreditFacilityMember" xlink:label="loc_udf_BrockhoeftCreditFacilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_BrockhoeftCreditFacilityMember" xml:lang="en-US">Brockhoeft Credit Facility [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_BrockhoeftCreditFacilityMember" xlink:to="lab_udf_BrockhoeftCreditFacilityMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AdjustedTangibleNetWorthMember" xlink:label="loc_udf_AdjustedTangibleNetWorthMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AdjustedTangibleNetWorthMember" xml:lang="en-US">Adjusted Tangible Net Worth [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AdjustedTangibleNetWorthMember" xlink:to="lab_udf_AdjustedTangibleNetWorthMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable By Receivable Type [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable by Receivable Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="loc_us-gaap_ReceivableTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ReceivableTypeDomain" xml:lang="en-US">Receivable Type [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ReceivableTypeDomain" xml:lang="en-US">Receivable Type [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivableTypeDomain" xlink:to="lab_us-gaap_ReceivableTypeDomain"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NotesReceivableMember" xlink:label="loc_us-gaap_NotesReceivableMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_NotesReceivableMember" xml:lang="en-US">Notes Receivable [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesReceivableMember" xlink:to="lab_us-gaap_NotesReceivableMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xml:lang="en-US">Line Of Credit Facility, Maximum Borrowing Capacity</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xlink:label="loc_us-gaap_LineOfCreditFacilityInterestRateDuringPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xml:lang="en-US">Line Of Credit Facility, Interest Rate During Period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xml:lang="en-US">Line of Credit Facility, Interest Rate During Period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityInterestRateDuringPeriod" xlink:to="lab_us-gaap_LineOfCreditFacilityInterestRateDuringPeriod"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LineOfCreditFacilityOriginationFeeAmount" xlink:label="loc_udf_LineOfCreditFacilityOriginationFeeAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LineOfCreditFacilityOriginationFeeAmount" xml:lang="en-US">Line Of Credit Facility, Origination Fee Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LineOfCreditFacilityOriginationFeeAmount" xml:lang="en-US">Line Of Credit Facility, Origination Fee Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LineOfCreditFacilityOriginationFeeAmount" xml:lang="en-US">Amount of the fee for available but unused credit capacity under the credit facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LineOfCreditFacilityOriginationFeeAmount" xlink:to="lab_udf_LineOfCreditFacilityOriginationFeeAmount"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LineOfCreditFacilityAmendmentFeeAmount" xlink:label="loc_udf_LineOfCreditFacilityAmendmentFeeAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LineOfCreditFacilityAmendmentFeeAmount" xml:lang="en-US">Line Of Credit Facility, Amendment Fee Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LineOfCreditFacilityAmendmentFeeAmount" xml:lang="en-US">Line Of Credit Facility, Amendment Fee Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LineOfCreditFacilityAmendmentFeeAmount" xml:lang="en-US">Amount of the amendment fee for available but unused credit capacity under the credit facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LineOfCreditFacilityAmendmentFeeAmount" xlink:to="lab_udf_LineOfCreditFacilityAmendmentFeeAmount"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityAmountOutstanding" xlink:label="loc_us-gaap_LineOfCreditFacilityAmountOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LineOfCreditFacilityAmountOutstanding" xml:lang="en-US">Line Of Credit Facility, Amount Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LineOfCreditFacilityAmountOutstanding" xml:lang="en-US">Line of Credit Facility, Amount Outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityAmountOutstanding" xlink:to="lab_us-gaap_LineOfCreditFacilityAmountOutstanding"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_BorrowingBaseCalculationCriteriaDescription" xlink:label="loc_udf_BorrowingBaseCalculationCriteriaDescription"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_BorrowingBaseCalculationCriteriaDescription" xml:lang="en-US">Borrowing Base Calculation Criteria Description</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_BorrowingBaseCalculationCriteriaDescription" xml:lang="en-US">Borrowing Base Calculation Criteria Description</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_BorrowingBaseCalculationCriteriaDescription" xml:lang="en-US">Amount of the fee borrowing base calculation criteria description.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_BorrowingBaseCalculationCriteriaDescription" xlink:to="lab_udf_BorrowingBaseCalculationCriteriaDescription"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LineOfCreditAmendedLoanAgreementRequirement" xlink:label="loc_udf_LineOfCreditAmendedLoanAgreementRequirement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LineOfCreditAmendedLoanAgreementRequirement" xml:lang="en-US">Line Of Credit, Amended Loan Agreement Requirement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LineOfCreditAmendedLoanAgreementRequirement" xml:lang="en-US">Line Of Credit, Amended Loan Agreement Requirement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LineOfCreditAmendedLoanAgreementRequirement" xml:lang="en-US">Amount of the amended loan agreement requirement fee for available but unused credit capacity under the credit facility.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LineOfCreditAmendedLoanAgreementRequirement" xlink:to="lab_udf_LineOfCreditAmendedLoanAgreementRequirement"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DefaultsUnderObligationsForMoneyBorrowedInExcessToDeclareFacilityToBeDueAndPayableImmediately" xlink:label="loc_udf_DefaultsUnderObligationsForMoneyBorrowedInExcessToDeclareFacilityToBeDueAndPayableImmediately"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DefaultsUnderObligationsForMoneyBorrowedInExcessToDeclareFacilityToBeDueAndPayableImmediately" xml:lang="en-US">Defaults Under Obligations For Money Borrowed In Excess To Declare Facility To Be Due and Payable Immediately</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_DefaultsUnderObligationsForMoneyBorrowedInExcessToDeclareFacilityToBeDueAndPayableImmediately" xml:lang="en-US">Defaults Under Obligations For Money Borrowed In Excess To Declare Facility To Be Due and Payable Immediately</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_DefaultsUnderObligationsForMoneyBorrowedInExcessToDeclareFacilityToBeDueAndPayableImmediately" xml:lang="en-US">Represents the defaults under obligations for money borrowed in excess to declare the credit facility to be due and payable immediately.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DefaultsUnderObligationsForMoneyBorrowedInExcessToDeclareFacilityToBeDueAndPayableImmediately" xlink:to="lab_udf_DefaultsUnderObligationsForMoneyBorrowedInExcessToDeclareFacilityToBeDueAndPayableImmediately"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LineOfCreditAmendedLoanAgreementMaximumPercentageOfInterestRateApplicableUponDefault" xlink:label="loc_udf_LineOfCreditAmendedLoanAgreementMaximumPercentageOfInterestRateApplicableUponDefault"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LineOfCreditAmendedLoanAgreementMaximumPercentageOfInterestRateApplicableUponDefault" xml:lang="en-US">Line Of Credit Amended Loan Agreement Maximum Percentage Of Interest Rate Applicable Upon Default</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LineOfCreditAmendedLoanAgreementMaximumPercentageOfInterestRateApplicableUponDefault" xml:lang="en-US">Line Of Credit Amended Loan Agreement Maximum Percentage Of Interest Rate Applicable Upon Default</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LineOfCreditAmendedLoanAgreementMaximumPercentageOfInterestRateApplicableUponDefault" xml:lang="en-US">It represents the maximum percentage of line of credit amended loan agreement interest rate applicable upon default.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LineOfCreditAmendedLoanAgreementMaximumPercentageOfInterestRateApplicableUponDefault" xlink:to="lab_udf_LineOfCreditAmendedLoanAgreementMaximumPercentageOfInterestRateApplicableUponDefault"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LineOfCreditFacilityInterestExpenses" xlink:label="loc_udf_LineOfCreditFacilityInterestExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LineOfCreditFacilityInterestExpenses" xml:lang="en-US">Line Of Credit Facility, Interest Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LineOfCreditFacilityInterestExpenses" xml:lang="en-US">Line Of Credit Facility, Interest Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LineOfCreditFacilityInterestExpenses" xml:lang="en-US">The effective interest expenses at the end of the reporting period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LineOfCreditFacilityInterestExpenses" xlink:to="lab_udf_LineOfCreditFacilityInterestExpenses"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:label="loc_us-gaap_LineOfCreditFacilityFrequencyOfPayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LineOfCreditFacilityFrequencyOfPayments" xml:lang="en-US">Line Of Credit Facility, Frequency Of Payments</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LineOfCreditFacilityFrequencyOfPayments" xml:lang="en-US">Line of Credit Facility, Frequency of Payments</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:to="lab_us-gaap_LineOfCreditFacilityFrequencyOfPayments"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis" xlink:label="loc_us-gaap_DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis" xml:lang="en-US">Distributions Made To Member Or Limited Partner By Distribution Type [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis" xml:lang="en-US">Distributions Made to Member or Limited Partner by Distribution Type [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis" xlink:to="lab_us-gaap_DistributionsMadeToMemberOrLimitedPartnerByDistributionTypeAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DistributionTypeDomain" xlink:label="loc_us-gaap_DistributionTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DistributionTypeDomain" xml:lang="en-US">Distribution Type [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DistributionTypeDomain" xml:lang="en-US">Distribution Type [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DistributionTypeDomain" xlink:to="lab_us-gaap_DistributionTypeDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DecemberDistributionsMember" xlink:label="loc_udf_DecemberDistributionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DecemberDistributionsMember" xml:lang="en-US">December Distributions [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_DecemberDistributionsMember" xml:lang="en-US">December Distributions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DecemberDistributionsMember" xlink:to="lab_udf_DecemberDistributionsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_JanuaryDistributionsMember" xlink:label="loc_udf_JanuaryDistributionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_JanuaryDistributionsMember" xml:lang="en-US">January Distributions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_JanuaryDistributionsMember" xlink:to="lab_udf_JanuaryDistributionsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_FebruaryDistributionsMember" xlink:label="loc_udf_FebruaryDistributionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_FebruaryDistributionsMember" xml:lang="en-US">February Distributions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_FebruaryDistributionsMember" xlink:to="lab_udf_FebruaryDistributionsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MarchDistributionsMember" xlink:label="loc_udf_MarchDistributionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MarchDistributionsMember" xml:lang="en-US">March Distributions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MarchDistributionsMember" xlink:to="lab_udf_MarchDistributionsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AprilDistributionsMember" xlink:label="loc_udf_AprilDistributionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AprilDistributionsMember" xml:lang="en-US">April Distributions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AprilDistributionsMember" xlink:to="lab_udf_AprilDistributionsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MayDistributionsMember" xlink:label="loc_udf_MayDistributionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MayDistributionsMember" xml:lang="en-US">May Distributions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MayDistributionsMember" xlink:to="lab_udf_MayDistributionsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_JuneDistributionsMember" xlink:label="loc_udf_JuneDistributionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_JuneDistributionsMember" xml:lang="en-US">June Distributions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_JuneDistributionsMember" xlink:to="lab_udf_JuneDistributionsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_JulyDistributionsMember" xlink:label="loc_udf_JulyDistributionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_JulyDistributionsMember" xml:lang="en-US">July Distributions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_JulyDistributionsMember" xlink:to="lab_udf_JulyDistributionsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AugustDistributionsMember" xlink:label="loc_udf_AugustDistributionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AugustDistributionsMember" xml:lang="en-US">August Distributions [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AugustDistributionsMember" xlink:to="lab_udf_AugustDistributionsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid" xlink:label="loc_us-gaap_DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid" xml:lang="en-US">Distribution Made To Member Or Limited Partner, Cash Distributions Paid</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid" xml:lang="en-US">Distribution Amount</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid" xlink:to="lab_us-gaap_DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DistributionMadeToMemberOrLimitedPartnerDistributionDate1" xlink:label="loc_us-gaap_DistributionMadeToMemberOrLimitedPartnerDistributionDate1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DistributionMadeToMemberOrLimitedPartnerDistributionDate1" xml:lang="en-US">Distribution Made To Member Or Limited Partner, Distribution Date</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DistributionMadeToMemberOrLimitedPartnerDistributionDate1" xml:lang="en-US">Date Paid</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DistributionMadeToMemberOrLimitedPartnerDistributionDate1" xlink:to="lab_us-gaap_DistributionMadeToMemberOrLimitedPartnerDistributionDate1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsOfOrdinaryDividends" xlink:label="loc_us-gaap_PaymentsOfOrdinaryDividends"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PaymentsOfOrdinaryDividends" xml:lang="en-US">Payments Of Ordinary Dividends</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PaymentsOfOrdinaryDividends" xml:lang="en-US">Distributions paid in cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_us-gaap_PaymentsOfOrdinaryDividends" xml:lang="en-US">Distributions paid in cash</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="lab_us-gaap_PaymentsOfOrdinaryDividends" xml:lang="en-US">Payments of Ordinary Dividends</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfOrdinaryDividends" xlink:to="lab_us-gaap_PaymentsOfOrdinaryDividends"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DistributionsReinvested" xlink:label="loc_udf_DistributionsReinvested"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DistributionsReinvested" xml:lang="en-US">Distributions Reinvested</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_DistributionsReinvested" xml:lang="en-US">Distributions reinvested</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_DistributionsReinvested" xml:lang="en-US">Total distributions to limited partners reinvested.Limited partners have limited liability and do not manage the partnership.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DistributionsReinvested" xlink:to="lab_udf_DistributionsReinvested"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CashAndReinvestedDistributions" xlink:label="loc_udf_CashAndReinvestedDistributions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CashAndReinvestedDistributions" xml:lang="en-US">Cash and Reinvested Distributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CashAndReinvestedDistributions" xml:lang="en-US">Total distributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_CashAndReinvestedDistributions" xml:lang="en-US">Total distributions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CashAndReinvestedDistributions" xml:lang="en-US">The total amount of cash and reinvested distributions.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CashAndReinvestedDistributions" xlink:to="lab_udf_CashAndReinvestedDistributions"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SourcesOfDistributionsAbstract" xlink:label="loc_udf_SourcesOfDistributionsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SourcesOfDistributionsAbstract" xml:lang="en-US">Sources Of Distributions [Abstract]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_SourcesOfDistributionsAbstract" xml:lang="en-US">Source of distributions:</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SourcesOfDistributionsAbstract" xlink:to="lab_udf_SourcesOfDistributionsAbstract"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CashFromOperationUsedForDistribution" xlink:label="loc_udf_CashFromOperationUsedForDistribution"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CashFromOperationUsedForDistribution" xml:lang="en-US">Cash From Operation Used For Distribution</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CashFromOperationUsedForDistribution" xml:lang="en-US">Cash flows from operations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CashFromOperationUsedForDistribution" xml:lang="en-US">The net cash from operations used for distributions.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CashFromOperationUsedForDistribution" xlink:to="lab_udf_CashFromOperationUsedForDistribution"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SourcesOfDistribution" xlink:label="loc_udf_SourcesOfDistribution"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SourcesOfDistribution" xml:lang="en-US">Sources Of Distribution</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_SourcesOfDistribution" xml:lang="en-US">Total sources</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_SourcesOfDistribution" xml:lang="en-US">Total sources</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_SourcesOfDistribution" xml:lang="en-US">The amount of cash eligible for distribution to members.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SourcesOfDistribution" xlink:to="lab_udf_SourcesOfDistribution"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CashFromOperationsPercentage" xlink:label="loc_udf_CashFromOperationsPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CashFromOperationsPercentage" xml:lang="en-US">Cash From Operations, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CashFromOperationsPercentage" xml:lang="en-US">Cumulative cash from operations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CashFromOperationsPercentage" xml:lang="en-US">The percentage of cash from operations.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CashFromOperationsPercentage" xlink:to="lab_udf_CashFromOperationsPercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SourcesOfDistributionPercentage" xlink:label="loc_udf_SourcesOfDistributionPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SourcesOfDistributionPercentage" xml:lang="en-US">Sources Of Distribution, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_SourcesOfDistributionPercentage" xml:lang="en-US">Total sources</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_SourcesOfDistributionPercentage" xml:lang="en-US">Total sources</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_SourcesOfDistributionPercentage" xml:lang="en-US">The percentage of sources from distribution.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SourcesOfDistributionPercentage" xlink:to="lab_udf_SourcesOfDistributionPercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PrimaryOfferingMember" xlink:label="loc_udf_PrimaryOfferingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PrimaryOfferingMember" xml:lang="en-US">Primary Offering [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PrimaryOfferingMember" xlink:to="lab_udf_PrimaryOfferingMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SecondaryDistributionReinvestmentPlanMember" xlink:label="loc_udf_SecondaryDistributionReinvestmentPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SecondaryDistributionReinvestmentPlanMember" xml:lang="en-US">Secondary Distribution Reinvestment Plan [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SecondaryDistributionReinvestmentPlanMember" xlink:to="lab_udf_SecondaryDistributionReinvestmentPlanMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersCapitalValueIssued" xlink:label="loc_udf_LimitedPartnersCapitalValueIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersCapitalValueIssued" xml:lang="en-US">Limited Partners Capital Value Issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersCapitalValueIssued" xml:lang="en-US">Limited Partners Capital Value Issued</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersCapitalValueIssued" xml:lang="en-US">The value of limited partner units issued.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersCapitalValueIssued" xlink:to="lab_udf_LimitedPartnersCapitalValueIssued"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersCapitalValueIssuedNetOfOfferingCosts" xlink:label="loc_udf_LimitedPartnersCapitalValueIssuedNetOfOfferingCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersCapitalValueIssuedNetOfOfferingCosts" xml:lang="en-US">Limited Partners Capital Value Issued Net Of Offering Costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersCapitalValueIssuedNetOfOfferingCosts" xml:lang="en-US">Payments of Stock Issuance Costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersCapitalValueIssuedNetOfOfferingCosts" xml:lang="en-US">The value of limited partner units issued net of offering costs.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersCapitalValueIssuedNetOfOfferingCosts" xlink:to="lab_udf_LimitedPartnersCapitalValueIssuedNetOfOfferingCosts"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersCapitalAccountUnitsRepurchased" xlink:label="loc_udf_LimitedPartnersCapitalAccountUnitsRepurchased"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersCapitalAccountUnitsRepurchased" xml:lang="en-US">Limited Partners Capital Account, Units, Repurchased</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersCapitalAccountUnitsRepurchased" xml:lang="en-US">Limited Partners Capital Account, Units, Repurchased</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersCapitalAccountUnitsRepurchased" xml:lang="en-US">The number of units repurchased under limited partners' capital account as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersCapitalAccountUnitsRepurchased" xlink:to="lab_udf_LimitedPartnersCapitalAccountUnitsRepurchased"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersCapitalAccountValueRepurchased" xlink:label="loc_udf_LimitedPartnersCapitalAccountValueRepurchased"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersCapitalAccountValueRepurchased" xml:lang="en-US">Limited Partners Capital Account, Value, Repurchased</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersCapitalAccountValueRepurchased" xml:lang="en-US">Limited Partners Capital Account, Value, Repurchased</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersCapitalAccountValueRepurchased" xml:lang="en-US">The value of units repurchased under limited partners' capital account as of the balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersCapitalAccountValueRepurchased" xlink:to="lab_udf_LimitedPartnersCapitalAccountValueRepurchased"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralPartnerPlacementFeesReceivablePercentage" xlink:label="loc_udf_GeneralPartnerPlacementFeesReceivablePercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralPartnerPlacementFeesReceivablePercentage" xml:lang="en-US">General Partner Placement Fees Receivable, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralPartnerPlacementFeesReceivablePercentage" xml:lang="en-US">General Partner Placement Fees Receivable, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralPartnerPlacementFeesReceivablePercentage" xml:lang="en-US">The percentage of general partner placement fees receivable.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralPartnerPlacementFeesReceivablePercentage" xlink:to="lab_udf_GeneralPartnerPlacementFeesReceivablePercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralPartnerMortgageServicingFeesReceivablePercentage" xlink:label="loc_udf_GeneralPartnerMortgageServicingFeesReceivablePercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralPartnerMortgageServicingFeesReceivablePercentage" xml:lang="en-US">General Partner Mortgage Servicing Fees Receivable, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralPartnerMortgageServicingFeesReceivablePercentage" xml:lang="en-US">General Partner Mortgage Servicing Fees Receivable, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralPartnerMortgageServicingFeesReceivablePercentage" xml:lang="en-US">The percentage of general partner mortgage servicing fees receivable.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralPartnerMortgageServicingFeesReceivablePercentage" xlink:to="lab_udf_GeneralPartnerMortgageServicingFeesReceivablePercentage"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="loc_us-gaap_SharesOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SharesOutstanding" xml:lang="en-US">Shares, Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_SharesOutstanding" xml:lang="en-US">Shares, Outstanding</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_us-gaap_SharesOutstanding" xml:lang="en-US">Balance, beginning of period</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_us-gaap_SharesOutstanding" xml:lang="en-US">Balance, end of period</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SharesOutstanding" xlink:to="lab_us-gaap_SharesOutstanding"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RedemptionRequestsReceived" xlink:label="loc_udf_RedemptionRequestsReceived"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RedemptionRequestsReceived" xml:lang="en-US">Redemption Requests Received</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RedemptionRequestsReceived" xml:lang="en-US">Redemption requests received</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RedemptionRequestsReceived" xml:lang="en-US">Represents the number of shares that the entity got redemption request.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RedemptionRequestsReceived" xlink:to="lab_udf_RedemptionRequestsReceived"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RedemptionRequestsCancelled" xlink:label="loc_udf_RedemptionRequestsCancelled"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RedemptionRequestsCancelled" xml:lang="en-US">Redemption Requests Cancelled</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RedemptionRequestsCancelled" xml:lang="en-US">Redemption requests cancelled</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RedemptionRequestsCancelled" xml:lang="en-US">Represents the number of shares that the entity redemption request cancelled.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RedemptionRequestsCancelled" xlink:to="lab_udf_RedemptionRequestsCancelled"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SharesRedeemed" xlink:label="loc_udf_SharesRedeemed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SharesRedeemed" xml:lang="en-US">Shares Redeemed</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_SharesRedeemed" xml:lang="en-US">Units redeemed</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_SharesRedeemed" xml:lang="en-US">Represents the number of share redeemed during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SharesRedeemed" xlink:to="lab_udf_SharesRedeemed"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareRepurchaseProgramAxis" xlink:label="loc_us-gaap_ShareRepurchaseProgramAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ShareRepurchaseProgramAxis" xml:lang="en-US">Share Repurchase Program [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ShareRepurchaseProgramAxis" xml:lang="en-US">Share Redemption Program [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareRepurchaseProgramAxis" xlink:to="lab_us-gaap_ShareRepurchaseProgramAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareRepurchaseProgramDomain" xlink:label="loc_us-gaap_ShareRepurchaseProgramDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ShareRepurchaseProgramDomain" xml:lang="en-US">Share Repurchase Program [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ShareRepurchaseProgramDomain" xml:lang="en-US">Share Redemption Program [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareRepurchaseProgramDomain" xlink:to="lab_us-gaap_ShareRepurchaseProgramDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SharesHeldLessThanTwoYearsMember" xlink:label="loc_udf_SharesHeldLessThanTwoYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SharesHeldLessThanTwoYearsMember" xml:lang="en-US">Shares Held Less Than Two Years [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SharesHeldLessThanTwoYearsMember" xlink:to="lab_udf_SharesHeldLessThanTwoYearsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SharesHeldForTwoYearsButLessThanThreeYearsMember" xlink:label="loc_udf_SharesHeldForTwoYearsButLessThanThreeYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SharesHeldForTwoYearsButLessThanThreeYearsMember" xml:lang="en-US">Shares Held For Two Years But Less Than Three Years [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SharesHeldForTwoYearsButLessThanThreeYearsMember" xlink:to="lab_udf_SharesHeldForTwoYearsButLessThanThreeYearsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SharesHeldForThreeYearsButLessThanFourYearsMember" xlink:label="loc_udf_SharesHeldForThreeYearsButLessThanFourYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SharesHeldForThreeYearsButLessThanFourYearsMember" xml:lang="en-US">Shares Held For Three Years But Less Than Four Years [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SharesHeldForThreeYearsButLessThanFourYearsMember" xlink:to="lab_udf_SharesHeldForThreeYearsButLessThanFourYearsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SharesHeldForFourYearsButLessThanFiveYearsMember" xlink:label="loc_udf_SharesHeldForFourYearsButLessThanFiveYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SharesHeldForFourYearsButLessThanFiveYearsMember" xml:lang="en-US">Shares Held For Four Years But Less Than Five Years [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SharesHeldForFourYearsButLessThanFiveYearsMember" xlink:to="lab_udf_SharesHeldForFourYearsButLessThanFiveYearsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SharesHeldAtLeastFiveYearsMember" xlink:label="loc_udf_SharesHeldAtLeastFiveYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SharesHeldAtLeastFiveYearsMember" xml:lang="en-US">Shares Held At Least Five Years [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SharesHeldAtLeastFiveYearsMember" xlink:to="lab_udf_SharesHeldAtLeastFiveYearsMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsRedeemed" xlink:label="loc_us-gaap_PartnersCapitalAccountUnitsRedeemed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PartnersCapitalAccountUnitsRedeemed" xml:lang="en-US">Partners Capital Account, Units, Redeemed</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PartnersCapitalAccountUnitsRedeemed" xml:lang="en-US">Partners' Capital Account, Units, Redeemed</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PartnersCapitalAccountUnitsRedeemed" xlink:to="lab_us-gaap_PartnersCapitalAccountUnitsRedeemed"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PartnersCapitalAccountRedemptions" xlink:label="loc_us-gaap_PartnersCapitalAccountRedemptions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_PartnersCapitalAccountRedemptions" xml:lang="en-US">Partners Capital Account, Redemptions</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_PartnersCapitalAccountRedemptions" xml:lang="en-US">Partners' Capital Account, Redemptions</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PartnersCapitalAccountRedemptions" xlink:to="lab_us-gaap_PartnersCapitalAccountRedemptions"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PartnersCapitalAccountAverageRedemptionsPricePerShare" xlink:label="loc_udf_PartnersCapitalAccountAverageRedemptionsPricePerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PartnersCapitalAccountAverageRedemptionsPricePerShare" xml:lang="en-US">Partners Capital Account Average Redemptions Price Per Share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PartnersCapitalAccountAverageRedemptionsPricePerShare" xml:lang="en-US">Partners Capital Account Average Redemptions Price Per Share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PartnersCapitalAccountAverageRedemptionsPricePerShare" xml:lang="en-US">The average redemption price per share of partners capital accounts.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PartnersCapitalAccountAverageRedemptionsPricePerShare" xlink:to="lab_udf_PartnersCapitalAccountAverageRedemptionsPricePerShare"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ShareRedemptionProgramPurchasePricePercentage" xlink:label="loc_udf_ShareRedemptionProgramPurchasePricePercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ShareRedemptionProgramPurchasePricePercentage" xml:lang="en-US">Share Redemption Program, Purchase Price, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ShareRedemptionProgramPurchasePricePercentage" xml:lang="en-US">Share Redemption Program, Purchase Price, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ShareRedemptionProgramPurchasePricePercentage" xml:lang="en-US">Represents the percentage of redemption price redeemed based on number of years shares held.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ShareRedemptionProgramPurchasePricePercentage" xlink:to="lab_udf_ShareRedemptionProgramPurchasePricePercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SharesRedeemedUponDeathOfShareholderPurchasePrice" xlink:label="loc_udf_SharesRedeemedUponDeathOfShareholderPurchasePrice"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SharesRedeemedUponDeathOfShareholderPurchasePrice" xml:lang="en-US">Shares Redeemed Upon Death Of Shareholder Purchase Price</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_SharesRedeemedUponDeathOfShareholderPurchasePrice" xml:lang="en-US">Shares Redeemed Upon Death Of Shareholder Purchase Price</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_SharesRedeemedUponDeathOfShareholderPurchasePrice" xml:lang="en-US">Represents the redemption price per share used for redemption upon the death of a shareholder.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SharesRedeemedUponDeathOfShareholderPurchasePrice" xlink:to="lab_udf_SharesRedeemedUponDeathOfShareholderPurchasePrice"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaximumPercentageOfUnitsRedeemableUponDeathOfLimitedPartner" xlink:label="loc_udf_MaximumPercentageOfUnitsRedeemableUponDeathOfLimitedPartner"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaximumPercentageOfUnitsRedeemableUponDeathOfLimitedPartner" xml:lang="en-US">Maximum Percentage Of Units Redeemable Upon Death Of Limited Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MaximumPercentageOfUnitsRedeemableUponDeathOfLimitedPartner" xml:lang="en-US">Maximum Percentage Of Units Redeemable Upon Death Of Limited Partner</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_MaximumPercentageOfUnitsRedeemableUponDeathOfLimitedPartner" xml:lang="en-US">Maximum percentage of units redeemable upon death of limited partner.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaximumPercentageOfUnitsRedeemableUponDeathOfLimitedPartner" xlink:to="lab_udf_MaximumPercentageOfUnitsRedeemableUponDeathOfLimitedPartner"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaximumPercentageOfCashAvailableForUnitRedemption" xlink:label="loc_udf_MaximumPercentageOfCashAvailableForUnitRedemption"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MaximumPercentageOfCashAvailableForUnitRedemption" xml:lang="en-US">Maximum Percentage Of Cash Available For Unit Redemption</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MaximumPercentageOfCashAvailableForUnitRedemption" xml:lang="en-US">Maximum Percentage Of Cash Available For Unit Redemption</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_MaximumPercentageOfCashAvailableForUnitRedemption" xml:lang="en-US">The maximum percentage of cash available for unit redemption during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaximumPercentageOfCashAvailableForUnitRedemption" xlink:to="lab_udf_MaximumPercentageOfCashAvailableForUnitRedemption"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersCapitalAccountUnitsRedeemedPercentage" xlink:label="loc_udf_LimitedPartnersCapitalAccountUnitsRedeemedPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersCapitalAccountUnitsRedeemedPercentage" xml:lang="en-US">Limited Partners Capital Account Units Redeemed Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersCapitalAccountUnitsRedeemedPercentage" xml:lang="en-US">Limited Partners Capital Account Units Redeemed Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersCapitalAccountUnitsRedeemedPercentage" xml:lang="en-US">Maximum total redemption percentage of weighted average units outstanding during the 12 month period immediately preceding date of redemption.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersCapitalAccountUnitsRedeemedPercentage" xlink:to="lab_udf_LimitedPartnersCapitalAccountUnitsRedeemedPercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PartnersCapitalAccountRedemptionsAveragePricePerShare" xlink:label="loc_udf_PartnersCapitalAccountRedemptionsAveragePricePerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PartnersCapitalAccountRedemptionsAveragePricePerShare" xml:lang="en-US">Partners Capital Account Redemptions, Average Price Per Share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PartnersCapitalAccountRedemptionsAveragePricePerShare" xml:lang="en-US">Partners Capital Account Redemptions, Average Price Per Share</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PartnersCapitalAccountRedemptionsAveragePricePerShare" xml:lang="en-US">The average repurchase price per unit.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PartnersCapitalAccountRedemptionsAveragePricePerShare" xlink:to="lab_udf_PartnersCapitalAccountRedemptionsAveragePricePerShare"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LegacytexasBankMember" xlink:label="loc_udf_LegacytexasBankMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LegacytexasBankMember" xml:lang="en-US">Legacytexas Bank [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LegacytexasBankMember" xlink:to="lab_udf_LegacytexasBankMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UtbDepositAccountMember" xlink:label="loc_udf_UtbDepositAccountMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UtbDepositAccountMember" xml:lang="en-US">Utb Deposit Account [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UtbDepositAccountMember" xml:lang="en-US">UTB Deposit Account [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UtbDepositAccountMember" xlink:to="lab_udf_UtbDepositAccountMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MortgageNotesReceivableRelatedPartyMember" xlink:label="loc_udf_MortgageNotesReceivableRelatedPartyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MortgageNotesReceivableRelatedPartyMember" xml:lang="en-US">Mortgage Notes Receivable Related Party [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MortgageNotesReceivableRelatedPartyMember" xlink:to="lab_udf_MortgageNotesReceivableRelatedPartyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ParticipationInterestRelatedPartyMember" xlink:label="loc_udf_ParticipationInterestRelatedPartyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ParticipationInterestRelatedPartyMember" xml:lang="en-US">Participation Interest Related Party [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ParticipationInterestRelatedPartyMember" xlink:to="lab_udf_ParticipationInterestRelatedPartyMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="loc_us-gaap_GuaranteeObligationsByNatureAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GuaranteeObligationsByNatureAxis" xml:lang="en-US">Guarantor Obligations By Nature [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_GuaranteeObligationsByNatureAxis" xml:lang="en-US">Guarantor Obligations by Nature [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsByNatureAxis" xlink:to="lab_us-gaap_GuaranteeObligationsByNatureAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="loc_us-gaap_GuaranteeObligationsNatureDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_GuaranteeObligationsNatureDomain" xml:lang="en-US">Guarantor Obligations, Nature [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_GuaranteeObligationsNatureDomain" xml:lang="en-US">Guarantor Obligations, Nature [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsNatureDomain" xlink:to="lab_us-gaap_GuaranteeObligationsNatureDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_TcbGuarantyMember" xlink:label="loc_udf_TcbGuarantyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_TcbGuarantyMember" xml:lang="en-US">Tcb Guaranty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_TcbGuarantyMember" xml:lang="en-US">TCB Guaranty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_TcbGuarantyMember" xlink:to="lab_udf_TcbGuarantyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfIvHfGuarantyMember" xlink:label="loc_udf_UdfIvHfGuarantyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfIvHfGuarantyMember" xml:lang="en-US">Udf Iv Hf Guaranty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfIvHfGuarantyMember" xml:lang="en-US">UDF IV HF Guaranty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfIvHfGuarantyMember" xlink:to="lab_udf_UdfIvHfGuarantyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_Umt15ThStreetGuarantyMember" xlink:label="loc_udf_Umt15ThStreetGuarantyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_Umt15ThStreetGuarantyMember" xml:lang="en-US">Umt 15 Th Street Guaranty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_Umt15ThStreetGuarantyMember" xml:lang="en-US">UMT 15th Street Guaranty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_Umt15ThStreetGuarantyMember" xlink:to="lab_udf_Umt15ThStreetGuarantyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfIvAcquisitionsGuarantyMember" xlink:label="loc_udf_UdfIvAcquisitionsGuarantyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfIvAcquisitionsGuarantyMember" xml:lang="en-US">Udf Iv Acquisitions Guaranty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfIvAcquisitionsGuarantyMember" xml:lang="en-US">UDF IV Acquisitions Guaranty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfIvAcquisitionsGuarantyMember" xlink:to="lab_udf_UdfIvAcquisitionsGuarantyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfIvFinanceIiGuarantyMember" xlink:label="loc_udf_UdfIvFinanceIiGuarantyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfIvFinanceIiGuarantyMember" xml:lang="en-US">Udf Iv Finance Ii Guaranty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfIvFinanceIiGuarantyMember" xml:lang="en-US">UDF IV Finance II Guaranty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfIvFinanceIiGuarantyMember" xlink:to="lab_udf_UdfIvFinanceIiGuarantyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmtHfIiiGuarantyMember" xlink:label="loc_udf_UmtHfIiiGuarantyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmtHfIiiGuarantyMember" xml:lang="en-US">Umt Hf Iii Guaranty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmtHfIiiGuarantyMember" xml:lang="en-US">UMT HF III Guaranty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmtHfIiiGuarantyMember" xlink:to="lab_udf_UmtHfIiiGuarantyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmtHfIiGuarantyMember" xlink:label="loc_udf_UmtHfIiGuarantyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmtHfIiGuarantyMember" xml:lang="en-US">Umt Hf Ii Guaranty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmtHfIiGuarantyMember" xml:lang="en-US">UMT HF II Guaranty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmtHfIiGuarantyMember" xlink:to="lab_udf_UmtHfIiGuarantyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmtHfIiGreenBankGuarantyMember" xlink:label="loc_udf_UmtHfIiGreenBankGuarantyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmtHfIiGreenBankGuarantyMember" xml:lang="en-US">Umt Hf Ii Green Bank Guaranty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmtHfIiGreenBankGuarantyMember" xml:lang="en-US">UMT HF II Green Bank Guaranty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmtHfIiGreenBankGuarantyMember" xlink:to="lab_udf_UmtHfIiGreenBankGuarantyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedRepaymentGuaranteesMember" xlink:label="loc_udf_LimitedRepaymentGuaranteesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedRepaymentGuaranteesMember" xml:lang="en-US">Limited Repayment Guarantees [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedRepaymentGuaranteesMember" xlink:to="lab_udf_LimitedRepaymentGuaranteesMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FinancialGuaranteeMember" xlink:label="loc_us-gaap_FinancialGuaranteeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_FinancialGuaranteeMember" xml:lang="en-US">Financial Guarantee [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialGuaranteeMember" xlink:to="lab_us-gaap_FinancialGuaranteeMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UDFIBrockhoeftLoanGuaranatyMember" xlink:label="loc_udf_UDFIBrockhoeftLoanGuaranatyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UDFIBrockhoeftLoanGuaranatyMember" xml:lang="en-US">U D F I Brockhoeft Loan Guaranaty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UDFIBrockhoeftLoanGuaranatyMember" xml:lang="en-US">UDF I Brockhoeft Loan Guaranaty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_UDFIBrockhoeftLoanGuaranatyMember" xml:lang="en-US">UDF I Brockhoeft Loan Guarnaty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UDFIBrockhoeftLoanGuaranatyMember" xlink:to="lab_udf_UDFIBrockhoeftLoanGuaranatyMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ManagingRisksInherentInServicingAssetsAndServicingLiabilitiesByTypeOfRiskAxis" xlink:label="loc_us-gaap_ManagingRisksInherentInServicingAssetsAndServicingLiabilitiesByTypeOfRiskAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ManagingRisksInherentInServicingAssetsAndServicingLiabilitiesByTypeOfRiskAxis" xml:lang="en-US">Risks Inherent In Servicing Assets and Servicing Liabilities By Type Of Risk [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ManagingRisksInherentInServicingAssetsAndServicingLiabilitiesByTypeOfRiskAxis" xml:lang="en-US">Risks Inherent in Servicing Assets and Servicing Liabilities by Type of Risk [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ManagingRisksInherentInServicingAssetsAndServicingLiabilitiesByTypeOfRiskAxis" xlink:to="lab_us-gaap_ManagingRisksInherentInServicingAssetsAndServicingLiabilitiesByTypeOfRiskAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RisksInherentInServicingAssetsAndServicingLiabilitiesTypeDomain" xlink:label="loc_us-gaap_RisksInherentInServicingAssetsAndServicingLiabilitiesTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RisksInherentInServicingAssetsAndServicingLiabilitiesTypeDomain" xml:lang="en-US">Risks Inherent In Servicing Assets and Servicing Liabilities, Type [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RisksInherentInServicingAssetsAndServicingLiabilitiesTypeDomain" xml:lang="en-US">Risks Inherent in Servicing Assets and Servicing Liabilities, Type [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RisksInherentInServicingAssetsAndServicingLiabilitiesTypeDomain" xlink:to="lab_us-gaap_RisksInherentInServicingAssetsAndServicingLiabilitiesTypeDomain"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CreditRiskMember" xlink:label="loc_us-gaap_CreditRiskMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_CreditRiskMember" xml:lang="en-US">Credit Risk [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditRiskMember" xlink:to="lab_us-gaap_CreditRiskMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LetterOfCreditIssuedOnBehalfOfborrowerMember" xlink:label="loc_udf_LetterOfCreditIssuedOnBehalfOfborrowerMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LetterOfCreditIssuedOnBehalfOfborrowerMember" xml:lang="en-US">Letter Of Credit Issued On Behalf Ofborrower [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LetterOfCreditIssuedOnBehalfOfborrowerMember" xml:lang="en-US">Letter of Credit Issued on Behalf of Borrower [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LetterOfCreditIssuedOnBehalfOfborrowerMember" xlink:to="lab_udf_LetterOfCreditIssuedOnBehalfOfborrowerMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis" xml:lang="en-US">Loss Contingency Nature [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis" xml:lang="en-US">Loss Contingency Nature [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:to="lab_us-gaap_LossContingenciesByNatureOfContingencyAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LossContingencyNatureDomain" xml:lang="en-US">Loss Contingency, Nature [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LossContingencyNatureDomain" xml:lang="en-US">Loss Contingency, Nature [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyNatureDomain" xlink:to="lab_us-gaap_LossContingencyNatureDomain"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StandbyLettersOfCreditMember" xlink:label="loc_us-gaap_StandbyLettersOfCreditMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StandbyLettersOfCreditMember" xml:lang="en-US">Standby Letters Of Credit [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StandbyLettersOfCreditMember" xlink:to="lab_us-gaap_StandbyLettersOfCreditMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DepositsMoneyMarketDeposits" xlink:label="loc_us-gaap_DepositsMoneyMarketDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DepositsMoneyMarketDeposits" xml:lang="en-US">Deposits, Money Market Deposits</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DepositsMoneyMarketDeposits" xml:lang="en-US">Deposits, Money Market Deposits</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DepositsMoneyMarketDeposits" xlink:to="lab_us-gaap_DepositsMoneyMarketDeposits"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:label="loc_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xml:lang="en-US">Limited Liability Company (Llc) Or Limited Partnership (Lp), Managing Member Or General Partner, Ownership Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xml:lang="en-US">Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:to="lab_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:label="loc_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xml:lang="en-US">Limited Liability Company (Llc) Or Limited Partnership (Lp), Members Or Limited Partners, Ownership Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xml:lang="en-US">Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:to="lab_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SecurityDeposit" xlink:label="loc_us-gaap_SecurityDeposit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SecurityDeposit" xml:lang="en-US">Security Deposit</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_SecurityDeposit" xml:lang="en-US">Security Deposit</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecurityDeposit" xlink:to="lab_us-gaap_SecurityDeposit"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfPartnershipFeePayableOnDepositAccounts" xlink:label="loc_udf_PercentageOfPartnershipFeePayableOnDepositAccounts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfPartnershipFeePayableOnDepositAccounts" xml:lang="en-US">Percentage Of Partnership Fee Payable On Deposit Accounts</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfPartnershipFeePayableOnDepositAccounts" xml:lang="en-US">Percentage Of Partnership Fee Payable On Deposit Accounts</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfPartnershipFeePayableOnDepositAccounts" xml:lang="en-US">The percentage of partnership fee payable on deposits account.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfPartnershipFeePayableOnDepositAccounts" xlink:to="lab_udf_PercentageOfPartnershipFeePayableOnDepositAccounts"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GuaranteeFacilityFeeReceivablePercentage" xlink:label="loc_udf_GuaranteeFacilityFeeReceivablePercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GuaranteeFacilityFeeReceivablePercentage" xml:lang="en-US">Guarantee Facility Fee Receivable Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GuaranteeFacilityFeeReceivablePercentage" xml:lang="en-US">Guarantee Facility Fee Receivable Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GuaranteeFacilityFeeReceivablePercentage" xml:lang="en-US">The percentage of guarantee facility fee receivable.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GuaranteeFacilityFeeReceivablePercentage" xlink:to="lab_udf_GuaranteeFacilityFeeReceivablePercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GuarantyFacilityReceivableAmount" xlink:label="loc_udf_GuarantyFacilityReceivableAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GuarantyFacilityReceivableAmount" xml:lang="en-US">Guaranty Facility Receivable Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GuarantyFacilityReceivableAmount" xml:lang="en-US">Guaranty Facility Receivable Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GuarantyFacilityReceivableAmount" xml:lang="en-US">The amount of guaranty facility receivable during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GuarantyFacilityReceivableAmount" xlink:to="lab_udf_GuarantyFacilityReceivableAmount"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GuaranteesOutstandingNumber" xlink:label="loc_udf_GuaranteesOutstandingNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GuaranteesOutstandingNumber" xml:lang="en-US">Guarantees Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GuaranteesOutstandingNumber" xml:lang="en-US">Guarantees Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GuaranteesOutstandingNumber" xml:lang="en-US">The number of guarantees outstanding.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GuaranteesOutstandingNumber" xlink:to="lab_udf_GuaranteesOutstandingNumber"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure" xlink:label="loc_us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure" xml:lang="en-US">Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure" xml:lang="en-US">Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure" xlink:to="lab_us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoansOriginatedAndPurchasedAmount" xlink:label="loc_udf_LoansOriginatedAndPurchasedAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoansOriginatedAndPurchasedAmount" xml:lang="en-US">Loans Originated and Purchased Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoansOriginatedAndPurchasedAmount" xml:lang="en-US">Loans Originated And Purchased Amount</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoansOriginatedAndPurchasedAmount" xml:lang="en-US">The total amount of loans originated and purchased.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoansOriginatedAndPurchasedAmount" xlink:to="lab_udf_LoansOriginatedAndPurchasedAmount"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GuaranteeObligationsCreditRisk" xlink:label="loc_udf_GuaranteeObligationsCreditRisk"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GuaranteeObligationsCreditRisk" xml:lang="en-US">Guarantee Obligations Credit Risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GuaranteeObligationsCreditRisk" xml:lang="en-US">Guarantee Obligations Credit Risk</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GuaranteeObligationsCreditRisk" xml:lang="en-US">Represents total credit risk to the reporting entity for all outstanding guarantees.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GuaranteeObligationsCreditRisk" xlink:to="lab_udf_GuaranteeObligationsCreditRisk"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GuaranteeObligationsBorrowedValue" xlink:label="loc_udf_GuaranteeObligationsBorrowedValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GuaranteeObligationsBorrowedValue" xml:lang="en-US">Guarantee Obligations Borrowed Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GuaranteeObligationsBorrowedValue" xml:lang="en-US">Guarantee Obligations Borrowed Value</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GuaranteeObligationsBorrowedValue" xml:lang="en-US">Represents outstanding balance of all debt guaranteed by reporting entity as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GuaranteeObligationsBorrowedValue" xlink:to="lab_udf_GuaranteeObligationsBorrowedValue"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoanParticipationInterestsSoldDuringPeriodNumber" xlink:label="loc_udf_LoanParticipationInterestsSoldDuringPeriodNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoanParticipationInterestsSoldDuringPeriodNumber" xml:lang="en-US">Loan Participation Interests Sold During Period, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoanParticipationInterestsSoldDuringPeriodNumber" xml:lang="en-US">Loan Participation Interests Sold During Period, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoanParticipationInterestsSoldDuringPeriodNumber" xml:lang="en-US">The number of loan participation interests sold during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoanParticipationInterestsSoldDuringPeriodNumber" xlink:to="lab_udf_LoanParticipationInterestsSoldDuringPeriodNumber"/>










<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_InvestorRelations" xlink:label="loc_udf_InvestorRelations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_InvestorRelations" xml:lang="en-US">Investor Relations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_InvestorRelations" xml:lang="en-US">Investor relations</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_InvestorRelations" xml:lang="en-US">The aggregate total of expenses of investor relations managing and administering the affairs of an entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_InvestorRelations" xlink:to="lab_udf_InvestorRelations"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ProfessionalFees" xlink:label="loc_us-gaap_ProfessionalFees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_ProfessionalFees" xml:lang="en-US">Professional Fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_ProfessionalFees" xml:lang="en-US">Professional fees</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProfessionalFees" xlink:to="lab_us-gaap_ProfessionalFees"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_OtherGeneralAndAdministrativeExpenseExcludingRelatedPartyExpenses" xlink:label="loc_udf_OtherGeneralAndAdministrativeExpenseExcludingRelatedPartyExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_OtherGeneralAndAdministrativeExpenseExcludingRelatedPartyExpenses" xml:lang="en-US">Other General and Administrative Expense Excluding Related Party Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_OtherGeneralAndAdministrativeExpenseExcludingRelatedPartyExpenses" xml:lang="en-US">Other</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_OtherGeneralAndAdministrativeExpenseExcludingRelatedPartyExpenses" xml:lang="en-US">The sum of expenses not otherwise specified in the taxonomy for managing and administering the affairs of an entity, excluding affiliates of the reporting entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_OtherGeneralAndAdministrativeExpenseExcludingRelatedPartyExpenses" xlink:to="lab_udf_OtherGeneralAndAdministrativeExpenseExcludingRelatedPartyExpenses"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralAndAdministrativeExpensesExcludingRelatedPartyExpenses" xlink:label="loc_udf_GeneralAndAdministrativeExpensesExcludingRelatedPartyExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralAndAdministrativeExpensesExcludingRelatedPartyExpenses" xml:lang="en-US">General and Administrative Expenses Excluding Related Party Expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GeneralAndAdministrativeExpensesExcludingRelatedPartyExpenses" xml:lang="en-US">Total general and administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_GeneralAndAdministrativeExpensesExcludingRelatedPartyExpenses" xml:lang="en-US">Total general and administrative expenses</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GeneralAndAdministrativeExpensesExcludingRelatedPartyExpenses" xml:lang="en-US">The aggregate total of expenses of managing and administering the affairs of an entity, excluding affiliates of the reporting entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralAndAdministrativeExpensesExcludingRelatedPartyExpenses" xlink:to="lab_udf_GeneralAndAdministrativeExpensesExcludingRelatedPartyExpenses"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AmortizationOfPlacementFeesRelatedParty" xlink:label="loc_udf_AmortizationOfPlacementFeesRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AmortizationOfPlacementFeesRelatedParty" xml:lang="en-US">Amortization Of Placement Fees Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_AmortizationOfPlacementFeesRelatedParty" xml:lang="en-US">Amortization of Placement Fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_AmortizationOfPlacementFeesRelatedParty" xml:lang="en-US">Amount of noncash expense associated with related party placement fees amortized during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AmortizationOfPlacementFeesRelatedParty" xlink:to="lab_udf_AmortizationOfPlacementFeesRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MortgageServicingFee" xlink:label="loc_udf_MortgageServicingFee"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MortgageServicingFee" xml:lang="en-US">Mortgage Servicing Fee</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MortgageServicingFee" xml:lang="en-US">Mortgage Servicing Fee</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_MortgageServicingFee" xml:lang="en-US">The amount of mortgage servicing fee with related party recognized during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MortgageServicingFee" xlink:to="lab_udf_MortgageServicingFee"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AmortizationOfDebtPlacementFeesRelatedParty" xlink:label="loc_udf_AmortizationOfDebtPlacementFeesRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AmortizationOfDebtPlacementFeesRelatedParty" xml:lang="en-US">Amortization Of Debt Placement Fees Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_AmortizationOfDebtPlacementFeesRelatedParty" xml:lang="en-US">Amortization of debt financing fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_AmortizationOfDebtPlacementFeesRelatedParty" xml:lang="en-US">Amount of noncash expense associated with related party debt placement fees amortized during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AmortizationOfDebtPlacementFeesRelatedParty" xlink:to="lab_udf_AmortizationOfDebtPlacementFeesRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_OperatingReimbursementExpense" xlink:label="loc_udf_OperatingReimbursementExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_OperatingReimbursementExpense" xml:lang="en-US">Operating Reimbursement Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_udf_OperatingReimbursementExpense" xml:lang="en-US">Operating Expense Reimbursement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_OperatingReimbursementExpense" xml:lang="en-US">Operating Expense Reimbursement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_OperatingReimbursementExpense" xml:lang="en-US">The amount of operating reimbursement expenses with related party recognized during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_OperatingReimbursementExpense" xlink:to="lab_udf_OperatingReimbursementExpense"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LandDevelopmentMember" xlink:label="loc_udf_LandDevelopmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LandDevelopmentMember" xml:lang="en-US">Land Development [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LandDevelopmentMember" xlink:to="lab_udf_LandDevelopmentMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GeneralServicesMember" xlink:label="loc_udf_GeneralServicesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GeneralServicesMember" xml:lang="en-US">General Services [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GeneralServicesMember" xlink:to="lab_udf_GeneralServicesMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PurposeOfPaymentsAxis" xlink:label="loc_udf_PurposeOfPaymentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PurposeOfPaymentsAxis" xml:lang="en-US">Purpose Of Payments [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PurposeOfPaymentsAxis" xml:lang="en-US">Purpose Of Payments [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PurposeOfPaymentsAxis" xlink:to="lab_udf_PurposeOfPaymentsAxis"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PurposeOfPaymentsDomain" xlink:label="loc_udf_PurposeOfPaymentsDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PurposeOfPaymentsDomain" xml:lang="en-US">Purpose Of Payments [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PurposeOfPaymentsDomain" xml:lang="en-US">Purpose Of Payments [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PurposeOfPaymentsDomain" xml:lang="en-US">Purpose of payments.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PurposeOfPaymentsDomain" xlink:to="lab_udf_PurposeOfPaymentsDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PlacementFeesMember" xlink:label="loc_udf_PlacementFeesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PlacementFeesMember" xml:lang="en-US">Placement Fees [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PlacementFeesMember" xlink:to="lab_udf_PlacementFeesMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PromotionalInterestMember" xlink:label="loc_udf_PromotionalInterestMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PromotionalInterestMember" xml:lang="en-US">Promotional Interest [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PromotionalInterestMember" xlink:to="lab_udf_PromotionalInterestMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CarriedInterestMember" xlink:label="loc_udf_CarriedInterestMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CarriedInterestMember" xml:lang="en-US">Carried Interest [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CarriedInterestMember" xlink:to="lab_udf_CarriedInterestMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MortgageServicingFeeMember" xlink:label="loc_udf_MortgageServicingFeeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MortgageServicingFeeMember" xml:lang="en-US">Mortgage Servicing Fee [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MortgageServicingFeeMember" xlink:to="lab_udf_MortgageServicingFeeMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_OperatingReimbursementExpenseMember" xlink:label="loc_udf_OperatingReimbursementExpenseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_OperatingReimbursementExpenseMember" xml:lang="en-US">Operating Reimbursement Expense [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_OperatingReimbursementExpenseMember" xlink:to="lab_udf_OperatingReimbursementExpenseMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:label="loc_us-gaap_RelatedPartyTransactionAmountsOfTransaction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_RelatedPartyTransactionAmountsOfTransaction" xml:lang="en-US">Related Party Transaction, Amounts Of Transaction</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_RelatedPartyTransactionAmountsOfTransaction" xml:lang="en-US">Related Party Transaction, Amounts of Transaction</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:to="lab_us-gaap_RelatedPartyTransactionAmountsOfTransaction"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RelatedPartyTransactionPaymentPercentage" xlink:label="loc_udf_RelatedPartyTransactionPaymentPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RelatedPartyTransactionPaymentPercentage" xml:lang="en-US">Related Party Transaction Payment, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RelatedPartyTransactionPaymentPercentage" xml:lang="en-US">Related Party Transaction Payment, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RelatedPartyTransactionPaymentPercentage" xml:lang="en-US">The percentage of amount paid under related party transaction.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RelatedPartyTransactionPaymentPercentage" xlink:to="lab_udf_RelatedPartyTransactionPaymentPercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AmortizationPercentageOfPlacementFeesRelatedParty" xlink:label="loc_udf_AmortizationPercentageOfPlacementFeesRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AmortizationPercentageOfPlacementFeesRelatedParty" xml:lang="en-US">Amortization Percentage Of Placement Fees Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_AmortizationPercentageOfPlacementFeesRelatedParty" xml:lang="en-US">Amortization of Placement Fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_AmortizationPercentageOfPlacementFeesRelatedParty" xml:lang="en-US">The percentage of noncash expense associated with related party placement fees amortized during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AmortizationPercentageOfPlacementFeesRelatedParty" xlink:to="lab_udf_AmortizationPercentageOfPlacementFeesRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfMortgageServicingFee" xlink:label="loc_udf_PercentageOfMortgageServicingFee"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfMortgageServicingFee" xml:lang="en-US">Percentage Of Mortgage Servicing Fee</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfMortgageServicingFee" xml:lang="en-US">Mortgage Servicing Fee</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfMortgageServicingFee" xml:lang="en-US">The percentage of mortgage servicing fee with related party recognized during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfMortgageServicingFee" xlink:to="lab_udf_PercentageOfMortgageServicingFee"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AmortizationPercentageOfDebtPlacementFeesRelatedParty" xlink:label="loc_udf_AmortizationPercentageOfDebtPlacementFeesRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AmortizationPercentageOfDebtPlacementFeesRelatedParty" xml:lang="en-US">Amortization Percentage Of Debt Placement Fees Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_AmortizationPercentageOfDebtPlacementFeesRelatedParty" xml:lang="en-US">Amortization of debt financing fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_AmortizationPercentageOfDebtPlacementFeesRelatedParty" xml:lang="en-US">The percentage of noncash expense associated with related party debt placement fees amortized during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AmortizationPercentageOfDebtPlacementFeesRelatedParty" xlink:to="lab_udf_AmortizationPercentageOfDebtPlacementFeesRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfOperatingReimbursementExpense" xlink:label="loc_udf_PercentageOfOperatingReimbursementExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfOperatingReimbursementExpense" xml:lang="en-US">Percentage Of Operating Reimbursement Expense</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfOperatingReimbursementExpense" xml:lang="en-US">Operating Expense Reimbursement</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfOperatingReimbursementExpense" xml:lang="en-US">The percentage of operating reimbursement expenses with related party recognized during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfOperatingReimbursementExpense" xlink:to="lab_udf_PercentageOfOperatingReimbursementExpense"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfGeneralAndAdministrativeExpenseRelatedParty" xlink:label="loc_udf_PercentageOfGeneralAndAdministrativeExpenseRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfGeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">Percentage Of General and Administrative Expense Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfGeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">Total general and administrative expense - related party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_udf_PercentageOfGeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">Total general and administrative expense - related parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfGeneralAndAdministrativeExpenseRelatedParty" xml:lang="en-US">The total percentage of expenses with related party for managing and administering the affairs of entity.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfGeneralAndAdministrativeExpenseRelatedParty" xlink:to="lab_udf_PercentageOfGeneralAndAdministrativeExpenseRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmthLandDevelopmentMember" xlink:label="loc_udf_UmthLandDevelopmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmthLandDevelopmentMember" xml:lang="en-US">Umth Land Development [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmthLandDevelopmentMember" xml:lang="en-US">UMTH Land Development [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmthLandDevelopmentMember" xlink:to="lab_udf_UmthLandDevelopmentMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmthFundingServicesMember" xlink:label="loc_udf_UmthFundingServicesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmthFundingServicesMember" xml:lang="en-US">Umth Funding Services [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmthFundingServicesMember" xml:lang="en-US">UMTH Funding Services [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmthFundingServicesMember" xlink:to="lab_udf_UmthFundingServicesMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedRepaymentGuaranteesToRelatedPartiesMember" xlink:label="loc_udf_LimitedRepaymentGuaranteesToRelatedPartiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedRepaymentGuaranteesToRelatedPartiesMember" xml:lang="en-US">Limited Repayment Guarantees To Related Parties [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedRepaymentGuaranteesToRelatedPartiesMember" xlink:to="lab_udf_LimitedRepaymentGuaranteesToRelatedPartiesMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedRepaymentGuaranteesToRelatedPartiesBorrowedAgainstByDebtorMember" xlink:label="loc_udf_LimitedRepaymentGuaranteesToRelatedPartiesBorrowedAgainstByDebtorMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedRepaymentGuaranteesToRelatedPartiesBorrowedAgainstByDebtorMember" xml:lang="en-US">Limited Repayment Guarantees To Related Parties Borrowed Against By Debtor [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedRepaymentGuaranteesToRelatedPartiesBorrowedAgainstByDebtorMember" xlink:to="lab_udf_LimitedRepaymentGuaranteesToRelatedPartiesBorrowedAgainstByDebtorMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_RelatedPartyLoanNumber" xlink:label="loc_udf_RelatedPartyLoanNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_RelatedPartyLoanNumber" xml:lang="en-US">Related Party Loan, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_RelatedPartyLoanNumber" xml:lang="en-US">Related Party Loan, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_RelatedPartyLoanNumber" xml:lang="en-US">The total number of related party loan.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_RelatedPartyLoanNumber" xlink:to="lab_udf_RelatedPartyLoanNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ParticipationInterestRelatedPartyLoanNumber" xlink:label="loc_udf_ParticipationInterestRelatedPartyLoanNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ParticipationInterestRelatedPartyLoanNumber" xml:lang="en-US">Participation Interest Related Party Loan Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ParticipationInterestRelatedPartyLoanNumber" xml:lang="en-US">Participation Interest Related Party Loan Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_ParticipationInterestRelatedPartyLoanNumber" xml:lang="en-US">The total number of related party participation interest loans.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ParticipationInterestRelatedPartyLoanNumber" xlink:to="lab_udf_ParticipationInterestRelatedPartyLoanNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfRelatedPartyInterestsOnAssets" xlink:label="loc_udf_PercentageOfRelatedPartyInterestsOnAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfRelatedPartyInterestsOnAssets" xml:lang="en-US">Percentage Of Related Party Interests On Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfRelatedPartyInterestsOnAssets" xml:lang="en-US">Percentage Of Related Party Interests On Assets</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfRelatedPartyInterestsOnAssets" xml:lang="en-US">Represents the percentage of related party interest on mortgage notes receivable and participations based on the total assets as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfRelatedPartyInterestsOnAssets" xlink:to="lab_udf_PercentageOfRelatedPartyInterestsOnAssets"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AcquisitionAndOriginationFee" xlink:label="loc_udf_AcquisitionAndOriginationFee"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AcquisitionAndOriginationFee" xml:lang="en-US">Acquisition and Origination Fee</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_AcquisitionAndOriginationFee" xml:lang="en-US">Acquisition and Origination Fee</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_AcquisitionAndOriginationFee" xml:lang="en-US">The amount of acquisition and origination fee associated with the mortgage notes receivable, mortgage notes receivable related party and participation interest related party.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AcquisitionAndOriginationFee" xlink:to="lab_udf_AcquisitionAndOriginationFee"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_GuaranteesOutstandingNumberRelatedParties" xlink:label="loc_udf_GuaranteesOutstandingNumberRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_GuaranteesOutstandingNumberRelatedParties" xml:lang="en-US">Guarantees Outstanding Number Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_GuaranteesOutstandingNumberRelatedParties" xml:lang="en-US">Guarantees Outstanding Number Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_GuaranteesOutstandingNumberRelatedParties" xml:lang="en-US">The number of related parties guarantees outstanding.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_GuaranteesOutstandingNumberRelatedParties" xlink:to="lab_udf_GuaranteesOutstandingNumberRelatedParties"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PlacementFeePercentage" xlink:label="loc_udf_PlacementFeePercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PlacementFeePercentage" xml:lang="en-US">Placement Fee Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PlacementFeePercentage" xml:lang="en-US">Placement Fee Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PlacementFeePercentage" xml:lang="en-US">The percentage placement fee incurred from the net amount available for investment in mortgages for fees and expenses associated with the selection and origination of mortgages.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PlacementFeePercentage" xlink:to="lab_udf_PlacementFeePercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UnsubordinatedPromotionalInterest" xlink:label="loc_udf_UnsubordinatedPromotionalInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UnsubordinatedPromotionalInterest" xml:lang="en-US">Unsubordinated Promotional Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UnsubordinatedPromotionalInterest" xml:lang="en-US">Unsubordinated Promotional Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_UnsubordinatedPromotionalInterest" xml:lang="en-US">For an entity that discloses a unsubordinated promotional interest.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UnsubordinatedPromotionalInterest" xlink:to="lab_udf_UnsubordinatedPromotionalInterest"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersAnnualCumulativeNonCompoundedReturnOnNetCapitalContributionsPercentage" xlink:label="loc_udf_LimitedPartnersAnnualCumulativeNonCompoundedReturnOnNetCapitalContributionsPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersAnnualCumulativeNonCompoundedReturnOnNetCapitalContributionsPercentage" xml:lang="en-US">Limited Partners Annual Cumulative Non Compounded Return On Net Capital Contributions Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LimitedPartnersAnnualCumulativeNonCompoundedReturnOnNetCapitalContributionsPercentage" xml:lang="en-US">Limited Partners Annual Cumulative Non Compounded Return On Net Capital Contributions Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LimitedPartnersAnnualCumulativeNonCompoundedReturnOnNetCapitalContributionsPercentage" xml:lang="en-US">The percentage of limited partners annual cumulative non compounded return on net capital contributions.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersAnnualCumulativeNonCompoundedReturnOnNetCapitalContributionsPercentage" xlink:to="lab_udf_LimitedPartnersAnnualCumulativeNonCompoundedReturnOnNetCapitalContributionsPercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SubordinatedPromotionalInterest" xlink:label="loc_udf_SubordinatedPromotionalInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SubordinatedPromotionalInterest" xml:lang="en-US">Subordinated Promotional Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_SubordinatedPromotionalInterest" xml:lang="en-US">Subordinated Promotional Interest</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_SubordinatedPromotionalInterest" xml:lang="en-US">For an entity that discloses a subordinated promotional interest.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SubordinatedPromotionalInterest" xlink:to="lab_udf_SubordinatedPromotionalInterest"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfMortgageServicingFeePayableToLandDevelopment" xlink:label="loc_udf_PercentageOfMortgageServicingFeePayableToLandDevelopment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfMortgageServicingFeePayableToLandDevelopment" xml:lang="en-US">Percentage Of Mortgage Servicing Fee Payable To Land Development</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfMortgageServicingFeePayableToLandDevelopment" xml:lang="en-US">Percentage Of Mortgage Servicing Fee Payable To Land Development</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfMortgageServicingFeePayableToLandDevelopment" xml:lang="en-US">The percentage of mortgage servicing fee payable to land development.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfMortgageServicingFeePayableToLandDevelopment" xlink:to="lab_udf_PercentageOfMortgageServicingFeePayableToLandDevelopment"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DebtPlacementFeePercentage" xlink:label="loc_udf_DebtPlacementFeePercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DebtPlacementFeePercentage" xml:lang="en-US">Debt Placement Fee Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_DebtPlacementFeePercentage" xml:lang="en-US">Debt Placement Fee, Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_DebtPlacementFeePercentage" xml:lang="en-US">Percentage of debt placement fee.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DebtPlacementFeePercentage" xlink:to="lab_udf_DebtPlacementFeePercentage"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:label="loc_us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xml:lang="en-US">Debt Related Commitment Fees and Debt Issuance Costs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xml:lang="en-US">Debt Related Commitment Fees and Debt Issuance Costs</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts" xlink:to="lab_us-gaap_DebtRelatedCommitmentFeesAndDebtIssuanceCosts"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfPmNoteMember" xlink:label="loc_udf_UdfPmNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfPmNoteMember" xml:lang="en-US">Udf Pm Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfPmNoteMember" xml:lang="en-US">UDF PM Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfPmNoteMember" xlink:to="lab_udf_UdfPmNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfXNoteMember" xlink:label="loc_udf_UdfXNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfXNoteMember" xml:lang="en-US">Udf X Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfXNoteMember" xml:lang="en-US">UDF X Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfXNoteMember" xlink:to="lab_udf_UdfXNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfNpLoanMember" xlink:label="loc_udf_UdfNpLoanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfNpLoanMember" xml:lang="en-US">Udf Np Loan [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfNpLoanMember" xml:lang="en-US">UDF NP Loan [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfNpLoanMember" xlink:to="lab_udf_UdfNpLoanMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfNpLoanModificationAgreementMember" xlink:label="loc_udf_UdfNpLoanModificationAgreementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfNpLoanModificationAgreementMember" xml:lang="en-US">Udf Np Loan Modification Agreement [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfNpLoanModificationAgreementMember" xml:lang="en-US">UDF NP Loan Modification Agreement [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfNpLoanModificationAgreementMember" xlink:to="lab_udf_UdfNpLoanModificationAgreementMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfLofNoteMember" xlink:label="loc_udf_UdfLofNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfLofNoteMember" xml:lang="en-US">Udf Lof Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfLofNoteMember" xml:lang="en-US">UDF LOF Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfLofNoteMember" xlink:to="lab_udf_UdfLofNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_BchNoteMember" xlink:label="loc_udf_BchNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_BchNoteMember" xml:lang="en-US">Bch Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_BchNoteMember" xml:lang="en-US">BCH Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_BchNoteMember" xlink:to="lab_udf_BchNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_BtcNoteMember" xlink:label="loc_udf_BtcNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_BtcNoteMember" xml:lang="en-US">Btc Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_BtcNoteMember" xml:lang="en-US">BTC Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_BtcNoteMember" xlink:to="lab_udf_BtcNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_HtcLoanMember" xlink:label="loc_udf_HtcLoanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_HtcLoanMember" xml:lang="en-US">Htc Loan [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_HtcLoanMember" xml:lang="en-US">HTC Loan [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_HtcLoanMember" xlink:to="lab_udf_HtcLoanMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_HtcLoanSecondSecuredPromissoryNoteMember" xlink:label="loc_udf_HtcLoanSecondSecuredPromissoryNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_HtcLoanSecondSecuredPromissoryNoteMember" xml:lang="en-US">Htc Loan Second Secured Promissory Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_HtcLoanSecondSecuredPromissoryNoteMember" xml:lang="en-US">HTC Loan Second Secured Promissory Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_HtcLoanSecondSecuredPromissoryNoteMember" xlink:to="lab_udf_HtcLoanSecondSecuredPromissoryNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_OuLandNoteMember" xlink:label="loc_udf_OuLandNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_OuLandNoteMember" xml:lang="en-US">Ou Land Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_OuLandNoteMember" xml:lang="en-US">OU Land Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_OuLandNoteMember" xlink:to="lab_udf_OuLandNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfTxOneNoteMember" xlink:label="loc_udf_UdfTxOneNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfTxOneNoteMember" xml:lang="en-US">Udf Tx One Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfTxOneNoteMember" xml:lang="en-US">UDF TX One Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfTxOneNoteMember" xlink:to="lab_udf_UdfTxOneNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AshCreekNoteMember" xlink:label="loc_udf_AshCreekNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AshCreekNoteMember" xml:lang="en-US">Ash Creek Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AshCreekNoteMember" xlink:to="lab_udf_AshCreekNoteMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xml:lang="en-US">Mortgage Loans On Real Estate, Face Amount Of Mortgages</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xml:lang="en-US">Mortgage Loans on Real Estate, Face Amount of Mortgages</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:to="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_TransactionInterestRate" xlink:label="loc_udf_TransactionInterestRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_TransactionInterestRate" xml:lang="en-US">Transaction Interest Rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_TransactionInterestRate" xml:lang="en-US">Transaction Interest Rate</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_TransactionInterestRate" xml:lang="en-US">Identify the stated interest rate per the agreement, for example, leasing and debt arrangements.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_TransactionInterestRate" xlink:to="lab_udf_TransactionInterestRate"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CollateralizedFinishedLots" xlink:label="loc_udf_CollateralizedFinishedLots"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CollateralizedFinishedLots" xml:lang="en-US">Collateralized Finished Lots</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CollateralizedFinishedLots" xml:lang="en-US">Collateralized Finished Lots</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CollateralizedFinishedLots" xml:lang="en-US">Finished lots collateralized by a lien deed of trust.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CollateralizedFinishedLots" xlink:to="lab_udf_CollateralizedFinishedLots"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CollateralizedAcresOfLand" xlink:label="loc_udf_CollateralizedAcresOfLand"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CollateralizedAcresOfLand" xml:lang="en-US">Collateralized Acres Of Land</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CollateralizedAcresOfLand" xml:lang="en-US">Collateralized Acres Of Land</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CollateralizedAcresOfLand" xml:lang="en-US">Acres of land collateralized by a lien deed of trust.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CollateralizedAcresOfLand" xlink:to="lab_udf_CollateralizedAcresOfLand"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CommitmentFeesPercentage" xlink:label="loc_udf_CommitmentFeesPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CommitmentFeesPercentage" xml:lang="en-US">Commitment Fees Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CommitmentFeesPercentage" xml:lang="en-US">Commitment Fees Percentage</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CommitmentFeesPercentage" xml:lang="en-US">The percentage of commitment fee receivable on each advance.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CommitmentFeesPercentage" xlink:to="lab_udf_CommitmentFeesPercentage"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CommitmentFees" xlink:label="loc_udf_CommitmentFees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CommitmentFees" xml:lang="en-US">Commitment Fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CommitmentFees" xml:lang="en-US">Commitment Fees</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CommitmentFees" xml:lang="en-US">Total amount of commitment fees earned on note.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CommitmentFees" xlink:to="lab_udf_CommitmentFees"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfOwnershipInterestCollateralized" xlink:label="loc_udf_PercentageOfOwnershipInterestCollateralized"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfOwnershipInterestCollateralized" xml:lang="en-US">Percentage Of Ownership Interest Collateralized</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfOwnershipInterestCollateralized" xml:lang="en-US">Percentage Of Ownership Interest Collateralized</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfOwnershipInterestCollateralized" xml:lang="en-US">The percentage of ownership interest collateralized.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfOwnershipInterestCollateralized" xlink:to="lab_udf_PercentageOfOwnershipInterestCollateralized"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CollateralizedSingleFamilyHomeLots" xlink:label="loc_udf_CollateralizedSingleFamilyHomeLots"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CollateralizedSingleFamilyHomeLots" xml:lang="en-US">Collateralized Single Family Home Lots</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CollateralizedSingleFamilyHomeLots" xml:lang="en-US">Collateralized Single Family Home Lots</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CollateralizedSingleFamilyHomeLots" xml:lang="en-US">Single-family home lots collateralized by a lien deed of trust.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CollateralizedSingleFamilyHomeLots" xlink:to="lab_udf_CollateralizedSingleFamilyHomeLots"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmtLoanMember" xlink:label="loc_udf_UmtLoanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmtLoanMember" xml:lang="en-US">Umt Loan [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmtLoanMember" xml:lang="en-US">UMT Loan [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmtLoanMember" xlink:to="lab_udf_UmtLoanMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_EconomicInterestParticipationAgreementAxis" xlink:label="loc_udf_EconomicInterestParticipationAgreementAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_EconomicInterestParticipationAgreementAxis" xml:lang="en-US">Economic Interest Participation Agreement [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_EconomicInterestParticipationAgreementAxis" xml:lang="en-US">Economic Interest Participation Agreement [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_EconomicInterestParticipationAgreementAxis" xlink:to="lab_udf_EconomicInterestParticipationAgreementAxis"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_EconomicInterestParticipationAgreementDomain" xlink:label="loc_udf_EconomicInterestParticipationAgreementDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_EconomicInterestParticipationAgreementDomain" xml:lang="en-US">Economic Interest Participation Agreement [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_EconomicInterestParticipationAgreementDomain" xml:lang="en-US">Economic Interest Participation Agreement [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_EconomicInterestParticipationAgreementDomain" xml:lang="en-US">Economic interest participation agreement.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_EconomicInterestParticipationAgreementDomain" xlink:to="lab_udf_EconomicInterestParticipationAgreementDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_EconomicInterestParticipationAgreementMember" xlink:label="loc_udf_EconomicInterestParticipationAgreementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_EconomicInterestParticipationAgreementMember" xml:lang="en-US">Economic Interest Participation Agreement [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_EconomicInterestParticipationAgreementMember" xlink:to="lab_udf_EconomicInterestParticipationAgreementMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MinimumPercentageOfAppraisedValueOfAllSubordinateLoansAndEquityInterests" xlink:label="loc_udf_MinimumPercentageOfAppraisedValueOfAllSubordinateLoansAndEquityInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_MinimumPercentageOfAppraisedValueOfAllSubordinateLoansAndEquityInterests" xml:lang="en-US">Minimum Percentage Of Appraised Value Of All Subordinate Loans and Equity Interests</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_MinimumPercentageOfAppraisedValueOfAllSubordinateLoansAndEquityInterests" xml:lang="en-US">Minimum Percentage Of Appraised Value Of All Subordinate Loans And Equity Interests</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_MinimumPercentageOfAppraisedValueOfAllSubordinateLoansAndEquityInterests" xml:lang="en-US">The minimum percentage of appraised value of all subordinate loans and equity interests.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MinimumPercentageOfAppraisedValueOfAllSubordinateLoansAndEquityInterests" xlink:to="lab_udf_MinimumPercentageOfAppraisedValueOfAllSubordinateLoansAndEquityInterests"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfFirstLienSecuredLoansForLandDevelopment" xlink:label="loc_udf_PercentageOfFirstLienSecuredLoansForLandDevelopment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfFirstLienSecuredLoansForLandDevelopment" xml:lang="en-US">Percentage Of First Lien Secured Loans For Land Development</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfFirstLienSecuredLoansForLandDevelopment" xml:lang="en-US">Percentage Of First Lien Secured Loans For Land Development</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfFirstLienSecuredLoansForLandDevelopment" xml:lang="en-US">The percentage of first lien secured loans for land development.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfFirstLienSecuredLoansForLandDevelopment" xlink:to="lab_udf_PercentageOfFirstLienSecuredLoansForLandDevelopment"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2012/invest-2012-01-31.xsd#invest_InvestmentOptionsExercisePrice" xlink:label="loc_invest_InvestmentOptionsExercisePrice"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_invest_InvestmentOptionsExercisePrice" xml:lang="en-US">Investment Options, Exercise Price</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_invest_InvestmentOptionsExercisePrice" xml:lang="en-US">Investment Options, Exercise Price</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_invest_InvestmentOptionsExercisePrice" xlink:to="lab_invest_InvestmentOptionsExercisePrice"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfIvMember" xlink:label="loc_udf_UdfIvMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfIvMember" xml:lang="en-US">Udf Iv [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfIvMember" xml:lang="en-US">UDF IV [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfIvMember" xlink:to="lab_udf_UdfIvMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CtmgtNoteMember" xlink:label="loc_udf_CtmgtNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CtmgtNoteMember" xml:lang="en-US">Ctmgt Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CtmgtNoteMember" xml:lang="en-US">CTMGT Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CtmgtNoteMember" xlink:to="lab_udf_CtmgtNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_NorthpointeNoteMember" xlink:label="loc_udf_NorthpointeNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_NorthpointeNoteMember" xml:lang="en-US">Northpointe Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_NorthpointeNoteMember" xlink:to="lab_udf_NorthpointeNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ParticipationAndLoanAgreementsAxis" xlink:label="loc_udf_ParticipationAndLoanAgreementsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ParticipationAndLoanAgreementsAxis" xml:lang="en-US">Participation and Loan Agreements [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ParticipationAndLoanAgreementsAxis" xml:lang="en-US">Participation and Loan Agreements [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ParticipationAndLoanAgreementsAxis" xlink:to="lab_udf_ParticipationAndLoanAgreementsAxis"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ParticipationAndLoanAgreementsDomain" xlink:label="loc_udf_ParticipationAndLoanAgreementsDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ParticipationAndLoanAgreementsDomain" xml:lang="en-US">Participation and Loan Agreements [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_ParticipationAndLoanAgreementsDomain" xml:lang="en-US">Participation and Loan Agreements [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ParticipationAndLoanAgreementsDomain" xlink:to="lab_udf_ParticipationAndLoanAgreementsDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_BuffingtonBrushyCreekNoteMember" xlink:label="loc_udf_BuffingtonBrushyCreekNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_BuffingtonBrushyCreekNoteMember" xml:lang="en-US">Buffington Brushy Creek Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_BuffingtonBrushyCreekNoteMember" xlink:to="lab_udf_BuffingtonBrushyCreekNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_TrPaperLotNoteMember" xlink:label="loc_udf_TrPaperLotNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_TrPaperLotNoteMember" xml:lang="en-US">Tr Paper Lot Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_TrPaperLotNoteMember" xml:lang="en-US">TR Paper Lot Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_TrPaperLotNoteMember" xlink:to="lab_udf_TrPaperLotNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LuckeyRanchNoteMember" xlink:label="loc_udf_LuckeyRanchNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LuckeyRanchNoteMember" xml:lang="en-US">Luckey Ranch Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LuckeyRanchNoteMember" xlink:to="lab_udf_LuckeyRanchNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_TrIiFinishedLotNoteMember" xlink:label="loc_udf_TrIiFinishedLotNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_TrIiFinishedLotNoteMember" xml:lang="en-US">Tr Ii Finished Lot Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_TrIiFinishedLotNoteMember" xml:lang="en-US">TR II Finished Lot Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_TrIiFinishedLotNoteMember" xlink:to="lab_udf_TrIiFinishedLotNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfIvParticipationMember" xlink:label="loc_udf_UdfIvParticipationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfIvParticipationMember" xml:lang="en-US">Udf Iv Participation [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfIvParticipationMember" xml:lang="en-US">UDF IV Participation [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfIvParticipationMember" xlink:to="lab_udf_UdfIvParticipationMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoanParticipationsSoldToRelatedParties" xlink:label="loc_udf_LoanParticipationsSoldToRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoanParticipationsSoldToRelatedParties" xml:lang="en-US">Loan Participations Sold To Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoanParticipationsSoldToRelatedParties" xml:lang="en-US">Loan Participations Sold To Related Parties</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoanParticipationsSoldToRelatedParties" xml:lang="en-US">The carrying amount of loan participations sold to related parties outstanding as of the stated date . Loan participations sold are not included on the balance sheet.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoanParticipationsSoldToRelatedParties" xlink:to="lab_udf_LoanParticipationsSoldToRelatedParties"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoanParticipationInterestSoldDuringPeriodNumber" xlink:label="loc_udf_LoanParticipationInterestSoldDuringPeriodNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoanParticipationInterestSoldDuringPeriodNumber" xml:lang="en-US">Loan Participation Interest Sold During Period, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoanParticipationInterestSoldDuringPeriodNumber" xml:lang="en-US">Loan Participation Interest Sold During Period, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoanParticipationInterestSoldDuringPeriodNumber" xml:lang="en-US">Number of loan participation interest sold during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoanParticipationInterestSoldDuringPeriodNumber" xlink:to="lab_udf_LoanParticipationInterestSoldDuringPeriodNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LoanParticipationInterestOutstandingNumber" xlink:label="loc_udf_LoanParticipationInterestOutstandingNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LoanParticipationInterestOutstandingNumber" xml:lang="en-US">Loan Participation Interest Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_LoanParticipationInterestOutstandingNumber" xml:lang="en-US">Loan Participation Interest Outstanding, Number</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_LoanParticipationInterestOutstandingNumber" xml:lang="en-US">Number of loan participation interest outstanding during the period.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LoanParticipationInterestOutstandingNumber" xlink:to="lab_udf_LoanParticipationInterestOutstandingNumber"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfCollateralProceedsEntitledToReceive" xlink:label="loc_udf_PercentageOfCollateralProceedsEntitledToReceive"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfCollateralProceedsEntitledToReceive" xml:lang="en-US">Percentage Of Collateral Proceeds Entitled To Receive</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfCollateralProceedsEntitledToReceive" xml:lang="en-US">Percentage Of Collateral Proceeds Entitled To Receive</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfCollateralProceedsEntitledToReceive" xml:lang="en-US">Percentage of collateral proceeds entitled to receive.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfCollateralProceedsEntitledToReceive" xlink:to="lab_udf_PercentageOfCollateralProceedsEntitledToReceive"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfCollateralProceedsEntitledToReceiveEventOfBorrowersBankruptcy" xlink:label="loc_udf_PercentageOfCollateralProceedsEntitledToReceiveEventOfBorrowersBankruptcy"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfCollateralProceedsEntitledToReceiveEventOfBorrowersBankruptcy" xml:lang="en-US">Percentage Of Collateral Proceeds Entitled To Receive Event Of Borrowers Bankruptcy</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfCollateralProceedsEntitledToReceiveEventOfBorrowersBankruptcy" xml:lang="en-US">Percentage Of Collateral Proceeds Entitled To Receive Event Of Borrowers Bankruptcy</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfCollateralProceedsEntitledToReceiveEventOfBorrowersBankruptcy" xml:lang="en-US">Percentage of collateral proceeds entitled to receive event of borrowers bankruptcy.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfCollateralProceedsEntitledToReceiveEventOfBorrowersBankruptcy" xlink:to="lab_udf_PercentageOfCollateralProceedsEntitledToReceiveEventOfBorrowersBankruptcy"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UmthLendingMember" xlink:label="loc_udf_UmthLendingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UmthLendingMember" xml:lang="en-US">Umth Lending [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UmthLendingMember" xml:lang="en-US">UMTH Lending [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UmthLendingMember" xlink:to="lab_udf_UmthLendingMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfIBrockhoeftLoanGuarnatyMember" xlink:label="loc_udf_UdfIBrockhoeftLoanGuarnatyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfIBrockhoeftLoanGuarnatyMember" xml:lang="en-US">Udf I Brockhoeft Loan Guarnaty [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfIBrockhoeftLoanGuarnatyMember" xml:lang="en-US">UDF I Brockhoeft Loan Guarnaty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfIBrockhoeftLoanGuarnatyMember" xlink:to="lab_udf_UdfIBrockhoeftLoanGuarnatyMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="loc_us-gaap_StatementGeographicalAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_StatementGeographicalAxis" xml:lang="en-US">Statement, Geographical [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_StatementGeographicalAxis" xml:lang="en-US">Statement, Geographical [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementGeographicalAxis" xlink:to="lab_us-gaap_StatementGeographicalAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="loc_us-gaap_SegmentGeographicalDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_SegmentGeographicalDomain" xml:lang="en-US">Segment, Geographical [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_SegmentGeographicalDomain" xml:lang="en-US">Segment, Geographical [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentGeographicalDomain" xlink:to="lab_us-gaap_SegmentGeographicalDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_TexasMember" xlink:label="loc_udf_TexasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_TexasMember" xml:lang="en-US">Texas [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_TexasMember" xlink:to="lab_udf_TexasMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ColoradoMember" xlink:label="loc_udf_ColoradoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ColoradoMember" xml:lang="en-US">Colorado [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ColoradoMember" xlink:to="lab_udf_ColoradoMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_ArizonaMember" xlink:label="loc_udf_ArizonaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_ArizonaMember" xml:lang="en-US">Arizona [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_ArizonaMember" xlink:to="lab_udf_ArizonaMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_PercentageOfMortgageNotesSecured" xlink:label="loc_udf_PercentageOfMortgageNotesSecured"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_PercentageOfMortgageNotesSecured" xml:lang="en-US">Percentage Of Mortgage Notes Secured</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_PercentageOfMortgageNotesSecured" xml:lang="en-US">Percentage Of Mortgage Notes Secured</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_PercentageOfMortgageNotesSecured" xml:lang="en-US">The percentage of outstanding aggregate principal amount of mortgage notes originated by the Partnership are secured by properties.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_PercentageOfMortgageNotesSecured" xlink:to="lab_udf_PercentageOfMortgageNotesSecured"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_DistributionsReinvestmentPlanMember" xlink:label="loc_udf_DistributionsReinvestmentPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_DistributionsReinvestmentPlanMember" xml:lang="en-US">Distributions Reinvestment Plan [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_DistributionsReinvestmentPlanMember" xlink:to="lab_udf_DistributionsReinvestmentPlanMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_AmendedAndRestatedDistributionReinvestmentPlanMember" xlink:label="loc_udf_AmendedAndRestatedDistributionReinvestmentPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_AmendedAndRestatedDistributionReinvestmentPlanMember" xml:lang="en-US">Amended and Restated Distribution Reinvestment Plan [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_AmendedAndRestatedDistributionReinvestmentPlanMember" xlink:to="lab_udf_AmendedAndRestatedDistributionReinvestmentPlanMember"/>





<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfIMember" xlink:label="loc_udf_UdfIMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfIMember" xml:lang="en-US">Udf I [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfIMember" xml:lang="en-US">UDF I [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfIMember" xlink:to="lab_udf_UdfIMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal" xlink:label="loc_us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal" xml:lang="en-US">Line Of Credit Facility, Periodic Payment, Principal</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal" xml:lang="en-US">Line of Credit Facility, Periodic Payment, Principal</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal" xlink:to="lab_us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountByClassAxis" xlink:label="loc_us-gaap_LimitedPartnersCapitalAccountByClassAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountByClassAxis" xml:lang="en-US">Limited Partners Capital Account By Class [Axis]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountByClassAxis" xml:lang="en-US">Limited Partners' Capital Account by Class [Axis]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedPartnersCapitalAccountByClassAxis" xlink:to="lab_us-gaap_LimitedPartnersCapitalAccountByClassAxis"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedPartnersCapitalAccountClassDomain" xlink:label="loc_us-gaap_LimitedPartnersCapitalAccountClassDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountClassDomain" xml:lang="en-US">Limited Partners Capital Account, Class [Domain]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_us-gaap_LimitedPartnersCapitalAccountClassDomain" xml:lang="en-US">Limited Partners' Capital Account, Class [Domain]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedPartnersCapitalAccountClassDomain" xlink:to="lab_us-gaap_LimitedPartnersCapitalAccountClassDomain"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_LimitedPartnersMember" xlink:label="loc_udf_LimitedPartnersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_LimitedPartnersMember" xml:lang="en-US">Limited Partners [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_LimitedPartnersMember" xlink:to="lab_udf_LimitedPartnersMember"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LimitedPartnersCumulativeNetIncome" xlink:label="loc_us-gaap_LimitedPartnersCumulativeNetIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_us-gaap_LimitedPartnersCumulativeNetIncome" xml:lang="en-US">Limited Partners' Cumulative Earnings</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LimitedPartnersCumulativeNetIncome" xlink:to="lab_us-gaap_LimitedPartnersCumulativeNetIncome"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_SharesHeldForFiveYearsMember" xlink:label="loc_udf_SharesHeldForFiveYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_SharesHeldForFiveYearsMember" xml:lang="en-US">Shares Held for Five Years [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_SharesHeldForFiveYearsMember" xlink:to="lab_udf_SharesHeldForFiveYearsMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfNpLoanSecondSecuredPromissoryNoteMember" xlink:label="loc_udf_UdfNpLoanSecondSecuredPromissoryNoteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfNpLoanSecondSecuredPromissoryNoteMember" xml:lang="en-US">Udf Np Loan Second Secured Promissory Note [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfNpLoanSecondSecuredPromissoryNoteMember" xml:lang="en-US">UDF NP Loan Second Secured Promissory Note [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfNpLoanSecondSecuredPromissoryNoteMember" xlink:to="lab_udf_UdfNpLoanSecondSecuredPromissoryNoteMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UdfNp2NdSecuredLoanModificationMember" xlink:label="loc_udf_UdfNp2NdSecuredLoanModificationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_UdfNp2NdSecuredLoanModificationMember" xml:lang="en-US">Udf Np2 Nd Secured Loan Modification [Member]</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_UdfNp2NdSecuredLoanModificationMember" xml:lang="en-US">UDF NP 2nd Secured Loan Modification [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UdfNp2NdSecuredLoanModificationMember" xlink:to="lab_udf_UdfNp2NdSecuredLoanModificationMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_CommitmentfeeIncomeRelatedParty" xlink:label="loc_udf_CommitmentfeeIncomeRelatedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_udf_CommitmentfeeIncomeRelatedParty" xml:lang="en-US">Commitmentfee Income Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_udf_CommitmentfeeIncomeRelatedParty" xml:lang="en-US">Commitment Fee Income Related Party</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_udf_CommitmentfeeIncomeRelatedParty" xml:lang="en-US">The amount represent commitment fee income related party.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_CommitmentfeeIncomeRelatedParty" xlink:to="lab_udf_CommitmentfeeIncomeRelatedParty"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_UMTHFIIIGreenBankGuarantyMember" xlink:label="loc_udf_UMTHFIIIGreenBankGuarantyMember"/>
<label xlink:type="resource" xlink:label="lab_udf_UMTHFIIIGreenBankGuarantyMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">U M T H F I I I Green Bank Guaranty [Member]</label>
<label xlink:type="resource" xlink:label="lab_udf_UMTHFIIIGreenBankGuarantyMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">UMT HF III Green Bank Guaranty [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_UMTHFIIIGreenBankGuarantyMember" xlink:to="lab_udf_UMTHFIIIGreenBankGuarantyMember"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturedNotImpairedMortgageLoansReceivableOutstanding" xlink:label="loc_udf_MaturedNotImpairedMortgageLoansReceivableOutstanding"/>
<label xlink:type="resource" xlink:label="lab_udf_MaturedNotImpairedMortgageLoansReceivableOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Matured Not Impaired Mortgage Loans Receivable Outstanding</label>
<label xlink:type="resource" xlink:label="lab_udf_MaturedNotImpairedMortgageLoansReceivableOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US">The total number of matured mortgage notes receivable that are not considered impaired as of balance sheet date.</label>
<label xlink:type="resource" xlink:label="lab_udf_MaturedNotImpairedMortgageLoansReceivableOutstanding" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Matured Not Impaired mortgage loans receivable, outstanding</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturedNotImpairedMortgageLoansReceivableOutstanding" xlink:to="lab_udf_MaturedNotImpairedMortgageLoansReceivableOutstanding"/>
<loc xlink:type="locator" xlink:href="udf-20120930.xsd#udf_MaturedNotImpairedUnpaidPrincipalBalance" xlink:label="loc_udf_MaturedNotImpairedUnpaidPrincipalBalance"/>
<label xlink:type="resource" xlink:label="lab_udf_MaturedNotImpairedUnpaidPrincipalBalance" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Matured Not Impaired Unpaid Principal Balance</label>
<label xlink:type="resource" xlink:label="lab_udf_MaturedNotImpairedUnpaidPrincipalBalance" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US">Amount of unpaid principal balance of matured mortgage notes receivable that are not considered impaired as of balance sheet date.</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_udf_MaturedNotImpairedUnpaidPrincipalBalance" xlink:to="lab_udf_MaturedNotImpairedUnpaidPrincipalBalance"/>
</labelLink></linkbase>
