Omega Commercial Finance Raises $3 Million at $0.10 per Shareadmin
By TDM Financial Omega Commercial Finance Corporation (OTCQB:OCFN), a publicly traded financial holding company, has made significant progress in establishing various lending subsidiaries and raising the capital necessary to finance their operations. Through the principal lending subsidiaries OCFN operates in the commercial real estate financing and capital markets space focused on originating and managing CMBS-style income producing loans, senior and mezzanine debt financing, and factoring receivables.
In early October, the company announced that three private investors purchased $3 million in common stock at $0.10 per share on September 13, 2013. The Direct Public Offering strengthened the firm’s balance sheet at a critical time and is the catalyst to power these lending subsidiaries, as well as supported negotiations conducted by management to raise an additional $10 million to support its new lending subsidiary, Omega Emerging Technology Finance LLC and capitalize on that unique opportunity.
Investors in the middle market commercial lending space, including CapitalSource Inc. (NYSE: CSE) or RAIT Financial Trust (NYSE: RAS), may want to take a closer look at the company as it approaches a tipping point in its development. With the required capital in place, management is well positioned to execute on its business plan and generate significant shareholder value over the long-term.
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx.
Posted: November 6th, 2013 under ACCESSWIRE.