OCFN Services OCFN shall provide financing that is secured by a senior mortgage on the underlying asset through our wholly owned subsidiary Omega CRE Group LLC. Our commercial real estate loan (“CRE”) inquiries can range from a minimum of $1 million dollars up to $500 million dollars, and are typically for a term of up to 10 years. The CRE lending programs include interest only rates or accrual and amortization schedules ranging from variable interest rates to full amortization. Our financing can be used by owner/operators of real estate (i) to complete new acquisitions or developments; (ii) to recapitalize existing assets; (iii) to repurchase existing debt from current lenders; (iv) to acquire existing performing/non-performing mortgages; (v) to acquire certain equity interests of limited partners in existing partnerships; (vi) to complete construction on commercial projects which are positioned to produce income within a reasonable period of time; and (vii) to fund plans of reorganization or debtor in possession loans in the context of bankruptcy filings.
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