MIAMI, FL--(Marketwired - Jun 19, 2013) - Omega Commercial Finance Corporation (
Jon S. Cummings IV, President of OCFN, states, "Strategically this new regulation will allow us to raise millions of dollars through the DPO sales and directly support the growth of our 'Small Balance Commercial Real Estate Loan Programs' facilitated by our lending companies Omega Capital Street and Omega CRE Group. The DPO proceeds will also support future acquisition targets consisting of privately held and operating commercial real estate mortgage brokerage firms, which typically facilitate small balance loan originations."
During the first four months of 2013, the CMBS market has produced more than $30-billion in new issuances, according to Commercial Mortgage Alert. This puts the sector on pace to shatter the $48-billion in originations for all of 2012, which in turn, had the highest volume for conduit lenders since the credit crisis emerged in 2008. CMBS originations could reach between $90-billion and $100-billion according to industry experts, which should be perfect timing for OCFN.
About Us:
Omega Commercial Finance Corp is a publicly traded financial services holding company with up to $150-million in assets under management through its interest in VFG Securities and VFG Advisors with our principal companies operating in the commercial real estate, finance, and capital markets sector. As a holding company, OCFN together along with its subsidiaries' management teams have a combined 50-years of experience and knowledge across these business lines.
Safe Harbor
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Omega Commercial Finance Corp., its directors or its officers with respect to, among other things: (i) our expectations regarding revenues and earnings; (ii) our growth strategy and operating strategy; and (iii) our ability to attract new registered representatives. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," "project" and similar expressions are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those projected in the forward-looking statements.
A.S. Austin Company, Inc 1-858-537-7439 OCFN@asaustinco.com
