Omega Commercial Finance Corp. acquired 51% stake in AmericaVest CRE Mortgage Funding Trust, Inc. for $2 million.
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.