The Real Deal Miami

Omega launches construction fund

August 28, 2008 12:23PM

Distressed commercial projects may get a boost from Miami-based commercial financier Omega Commercial Finance Corp., which is raising a $1 billion investment fund for developments having trouble getting financing. AJM Development will help Omega choose projects that will get support. The group has raised about $360 million to date and hopes to close the fund by the end of the year.