Omega Commercial Finance Corporation (OCFN.OTCQB) is a publicly traded integrated and diversified commercial real estate specialty finance holding company with its principal place of business in the United States. The primary focus of the company is the underwriting and originating of whole loans and the implementation of a structured financing program. All of which are backed or secured by commercial real estate or other types of related or similar assets or equity interests. Regardless of the type of loan, OFCN’S lending objective is to garner consistent revenue from interest income and origination fees from whole loans and structured financing programs. Omega Commercial Finance Corp. independently coordinates the assessment of the loan’s volatility and adequacy of the collateral for each loan to assure that all loans made are appropriately collateralize. As part of OFCN assurance procedures, the company assesses the ease of repossessing and disposing of collateral for each loan. The company ensures that underlying projects and/or properties have adequate sponsorship. Furthermore, accurate information is verified through third party reports which are an essential part of the credit assessment and final approval for any loan request.
View Top Employees from Omega Commercial Finance CorpWebsite | https://www.ocfn.co |
Ticker | OCFN |
Revenue | $469000 |
Employees | 3 (3 on RocketReach) |
Founded | 2004 |
Phone | (305) 704-3294 |
Fax | (305) 704-3000 |
Industry | Financial Services, Real Estate, Finance, Commercial Real Estate Finance, Asset Based Lending, Alternative Financing, Structured CRE Financing |
SIC | SIC Code 62 Companies, SIC Code 621 Companies |
NAICS | NAICS Code 523 Companies, NAICS Code 52311 Companies, NAICS Code 5231 Companies, NAICS Code 52 Companies, NAICS Code 523110 Companies |
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The Omega Commercial Finance Corp annual revenue was $469000 in 2023.
Jon Cummings is the President of Omega Commercial Finance Corp.
3 people are employed at Omega Commercial Finance Corp.
Omega Commercial Finance Corp is based in Miami Beach, Florida.
The NAICS codes for Omega Commercial Finance Corp are [523, 52311, 5231, 52, 523110].
The SIC codes for Omega Commercial Finance Corp are [62, 621].