Ostara Corp., Wernersville, Pa., has announced an agreement with Sunset Commercial Group, a subsidiary of Franklin Center, Pa.-based Sunset Mortgage Co., under which Ostara and a subsidiary will be able to use and offer short-term commercial bridge loans.Ostara said the bridge loans will vary in size from $1 million to $15 million on a project-by-project basis. The Ostara subsidiary involved in the arrangement is Mountain Top Associates Inc., the company's real estate arm. The relationship with Sunset "is expected to add significantly to the size and number of commercial real estate projects that Ostara participates in," the company said. Alfonso C. Knoll, Ostara's chief executive, said Sunset's size and its affiliation with Sunset Mortgage "add a significant capital source for our undervalued real estate projects." The companies can be found online at http://www.ostaracorp.com and http://www.sunsetmortgage.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry