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Prospect News home > News index > List of issuers O > Headlines for Omega Commercial Finance Corp. > News item
Published on 2/11/2013 in the Prospect News PIPE Daily.

Omega Commercial arranges $100 million equity distribution agreement

Company sells shares to Lambert Private Equity to fund subsidiaries

By Devika Patel

Knoxville, Tenn., Feb. 11 - Omega Commercial Finance Corp. said it has negotiated a $100 million standby equity distribution agreement with Lambert Private Equity LLC.

Proceeds will be used to support operations for the company's commercial real estate financing subsidiaries, Omega Capital Street LLC and Omega CRE Group LLC.

The high-yield debt lending and advisory firm is based in Miami Beach, Fla.


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