Omega Commercial Finance Corp. (OTCPK:OCFN) entered into a definitive share purchase agreement to acquire 51% stake in AmericaVest CRE Mortgage Funding Trust, Inc. for $2 million on June 2, 2014. The purchase price of $2 million shall be payable by the issuance by Omega of a promissory note in favor of AmericaVest CRE Mortgage.


Omega Commercial Finance Corp. (OTCPK:OCFN) completed the acquisition of 51% stake in AmericaVest CRE Mortgage Funding Trust, Inc. in stock on June 3, 2014. On July 22, 2014, Omega Commercial and AmericaVest amended their agreement to accept 0.26 million shares of common stock in exchange for 51% of AmericaVest.