We have the ability to meet this need. Implementation capabilities and intellectual property combined with advances in technology, especiallyin-memory technologyandcloud computing, mean that previous IT models predicated on compute intensive, data center-reliant risk modeling are now a thing of the past. Hear more examples of how technologies can support risk management in this 3-minute video by Michael Adams, Global Head Risk and Compliance Solutions, SAP, video. Modern methodologiesdont require a rip and replace approach when building an enterprise-wide platform for risk and finance integration. Furthermore, the capability can be developed over a period of time using anagile approach that addresses short and longer term needs.
Omega Commercial Finance Corporation’s Subsidiary & Lending Arm CCRE Capital LLC Provides $33-Million Construction Loan to International Developer
Markets open in 4 hrs 26 mins Omega Commercial Finance Corporation’s Subsidiary & Lending Arm CCRE Capital LLC Provides $33-Million Construction Loan to International Developer Press Release: Omega Commercial Finance Corporation Wed, Jul 10, 2013 8:00 AM EDT MIAMI, FL–(Marketwired – Jul 10, 2013) – Omega Commercial Finance Corporation ( OTCQB : OCFN ) is a financial holding company with their core companies operating in the commercial real estate finance sector.Today they announced one of their lending subsidiary’s CCRE Capital LLC has executed loan documents with Blue Steel International Ltd, a British Virgin Island development company, providing them with a four-year $33.4 Million Construction Line of Credit at a competitive Interest Rate of 10.5%.The loan is projected to generate $2-million in Gross Interest Income plus $670,000 in Origination Fees over the phase of 4-years. Construction is projected to start in the second half 2013. The Bambereaux Private Estate, which is the named development, is situated on 25 acres of private beach frontage on the idyllic Western side of St. Vincent Island and is lapped by the warm Caribbean Sea capitalizing from the benefits of the more gentle leeward sea currents and spectacular sunsets. The land is in a secluded cove offering perfect yacht mooring.