CoreStar Financial Group, Timonium, Md., has announced a $4 million investment in the company by Edison Venture Fund that CoreStar says will be used to expand its marketing and sales programs.The company, which specializes in consumer debt consolidation through mortgage refinance transactions, said it expects the marketing and sales expansion to enable it to "more than double" its production within a year. Bruce Luehrs, a general partner at Edison, said the experience of CoreStar's executives in the mortgage industry from both a consumer and a market perspective "set this company apart." Mr. Luehrs and Ross Longfield, a former chief executive officer of Beneficial National Bank USA, have joined CoreStar's board of directors, the company reported. WWC Capital Group, Reston, Va., was the exclusive placement agent for CoreStar in connection with the transaction. The companies can be found on the Web at http://www.corestar.com and http://www.edisonventure.com.
