MIAMI (PRWEB) June 4, 2008
This inventive technique will focus on Omega and a Merger Applicant getting into into a Program of Merger Settlement with the standard factors and structure:
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Omega and merger Candidate will concur to merge the Prospect with OCFN as a wholly owned subsidiary organization of OCFN. The merger Applicant belongings will be evaluated by qualified true estate analyst and should fulfill our institutional underwriting requirements. Omega’s Securities and Trade accounting organization will perform a complete audit of the financials of every ownership entity, like but not constrained to the most modern 2yrs Income Statement, 2yrs Stability Sheet, calendar year to date Assertion of Running (Interim Financials), and 2yrs tax returns. Additionally, the merger applicant must provide an appraisal of every residence, corporate documents, running arrangement, and any other connected files. On the completion of the essential due diligence, the Merger Applicant will turn out to be a wholly owned subsidiary of Omega Commercial Finance Corp., hereinafter referred to as the “Effective Date”. Post merger, OCFN via its investment decision banking interactions will use our Balance Sheet (not the asset) to elevate money for development, acquisitions, and recapitalization for the merger applicant. As a wholly owned subsidiary every entity will run separately from OCFN and maintain its existing administration and employees. However, ownership will become a Board Member of OCFN as a specific Co-Chair committee member that oversees the acceptance procedure of any materials occasion pertaining to the merger candidate’s asset, and with Veto Electrical power for any selection pertaining to that operation. OCFN will take part by means of the Operating Settlement a negotiated profit split of the Net Income of the merger prospect post merger. The present subsidiaries of Omega Commercial Finance Corp. ASG Securities Full Service Broker Dealer Omega Funds Funding LLC entirely operational bank loan origination and administrator for general public firm Omega is looking for strategically to align ourselves with non core and core asset homeowners, to create a reliable commercial real estate finance organization in a marketplace that is in require of mid degree CRE funding. We feel by merging with asset homeowners and using our community company’s platform will boost the use of the cash marketplaces to build an unyielding firm.
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Our Main Business Objectives
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Omega seeks to originate short time period (two to five year phrase) financing for business true estate (CRE) total loans, mezzanine financial loans, taking part fairness loans, and distressed CRE portfolios of big fiscal establishments. The greater part of our clientele consists of domestic institutional industrial real estate customers, builders, seasoned actual estate buyers, and foreign companies, who are mainly focusing on short to mid phrase structured financing plans and/or loans collateralized by CRE and other belongings. Loans are originated with the intent to be securitized and offered in the secondary market.


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