Conversational Capital

Sonida Senior Living Announces Completion of Loan Modifications with Fannie Mae and Updated Performance Highlights Through Q3

Retrieved on: 
Tuesday, October 10, 2023
Health, Consumer, Seniors, Managed Care, Construction & Property, Urban Planning, Report, Fannie Mae, COVID-19, Dynamic currency conversion, Unemployment, NYSE, Ally Financial, Senior living, Risk, Insurance, SNDA, Growth, Annual report, Protective Life, Lung compliance, Security (finance), Conversational Capital, Sale, Real estate, Bank, Sound

Sonida Senior Living, Inc. (the “Company,” “Sonida,”) (NYSE: SNDA), a leading owner-operator of communities and services for seniors, announced the execution of its loan modifications with Fannie Mae in tandem with strong September and Q3 2023 occupancy growth.

Key Points: 
  • Sonida Senior Living, Inc. (the “Company,” “Sonida,”) (NYSE: SNDA), a leading owner-operator of communities and services for seniors, announced the execution of its loan modifications with Fannie Mae in tandem with strong September and Q3 2023 occupancy growth.
  • On October 2, 2023, Sonida and Fannie Mae entered into loan modification agreements covering all 37 Fannie Mae mortgaged communities, which finalizes the previously announced comprehensive restructuring.
  • The terms of the Fannie Mae loan modifications were consistent with those set forth in the June 29, 2023 forbearance agreement.
  • Key elements of the loan modifications include:
    All maturities under the 37 Fannie Mae loans have been extended to December 2026 or later.

Haven Appoints Daniel Wallace as New CEO, Co-Founder and CEO Jonathan Chao Transitions to Chief Product Officer

Retrieved on: 
Tuesday, September 19, 2023
Other Professional Services, Software, Finance, Banking, Professional Services, Technology, Fintech, Security, Cerberus, MSR, Heart, Fidelity National Financial, Industrial organization, Lehman Brothers, Cerberus Capital Management, Partner (business rank), Multimedia, International Decision Systems, Haven, Venture, Conversational Capital, Carnegie Mellon University, Trustee, CMU, Entrepreneurship, Management, Bank, Figure

Haven Servicing, Inc. a leader in mortgage technology, has announced that Daniel Wallace has been appointed Chief Executive Officer.

Key Points: 
  • Haven Servicing, Inc. a leader in mortgage technology, has announced that Daniel Wallace has been appointed Chief Executive Officer.
  • Jonathan Chao, co-founder and CEO, will transition to Chief Product Officer, effective September 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230918651344/en/
    New Haven CEO Daniel Wallace (Photo: Business Wire)
    “The mortgage industry is in a transformative period.
  • Haven enables all stakeholders to remain connected with their borrowers, throughout the life of their loan,” said Wallace.

Sonida Senior Living Strengthens Financial Position and Enhances Leadership Team to Position Company for Sustainable Growth

Retrieved on: 
Wednesday, July 5, 2023
Health, Consumer, Residential Building & Real Estate, Seniors, Managed Care, Construction & Property, Exercise, Protective Life, Human resources, Business development, Conversational Capital, Fannie Mae, Infrastructure, Reed, Information technology, Ribar, PT Givergis Paniker Karichal, Accounting, Sonida Senior Living, Senior living, Ally Financial, Dynamic currency conversion, Growth, Environment, NYSE, SNDA, Management, Real estate, Security (finance), Bank, Sound

Sonida Senior Living, Inc. (the “Company”) (NYSE: SNDA), a leading owner-operator of communities and services for seniors, announced several steps the Company has taken to enhance its financial position and strategic capabilities.

Key Points: 
  • Sonida Senior Living, Inc. (the “Company”) (NYSE: SNDA), a leading owner-operator of communities and services for seniors, announced several steps the Company has taken to enhance its financial position and strategic capabilities.
  • The forbearance and subsequent loan modification provide the Company with additional financial flexibility to build on its strong operational momentum and pursue its strategic growth plan.
  • The Company expects the loan modification to be finalized by September 30, 2023, per the terms of the forbearance agreement.
  • “This combination of growth, and operationally-focused senior talent demonstrates our commitment to each of these critical areas of our business.”

INDUS Realty Trust to Be Acquired by Centerbridge Partners and GIC Real Estate in a Transaction Valued at $868 Million

Retrieved on: 
Wednesday, February 22, 2023
Commercial Building & Real Estate, Construction & Property, REIT, Slate, LLP, Morgan Stanley, J.P. Morgan & Co., GIC, Acquisition, Spouse, Latham & Watkins, Skadden, Arps, Slate, Meagher & Flom, Simpson Thacher & Bartlett, Conversational Capital, Security (finance), Cryptocurrency, Centerbridge Partners

“After conducting an extensive process to explore the Company’s strategic alternatives, we are pleased to have reached an agreement with Centerbridge and GIC.

Key Points: 
  • “After conducting an extensive process to explore the Company’s strategic alternatives, we are pleased to have reached an agreement with Centerbridge and GIC.
  • The closing of the transaction is not contingent on the receipt of financing by Centerbridge and GIC.
  • Subject to and upon completion of the transaction, INDUS’ common stock will no longer be listed on Nasdaq and INDUS will become a privately held company.
  • Simpson Thacher & Bartlett LLP is serving as legal counsel to Centerbridge and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to GIC.

Vesta Successfully Completes SOC 2 Type 2 Security Audit with No Exceptions

Retrieved on: 
Tuesday, December 20, 2022
Professional Services, Technology, Finance, Software, Fintech, Banking, Organization, SOC, AICPA, Blend, American Institute, Bain Capital Ventures, American Institute of Certified Public Accountants, LOS, Conversational Capital, Privacy, Certified Public Accountant, Index Ventures, Certification, API, SOC 2, Software as a service, Renewable energy, Audit, Vesta

Vesta, the next generation loan origination system (LOS), is proud to announce that it has been SOC 2 certified with no exceptions, demonstrating our commitment to data security and compliance.

Key Points: 
  • Vesta, the next generation loan origination system (LOS), is proud to announce that it has been SOC 2 certified with no exceptions, demonstrating our commitment to data security and compliance.
  • SOC 2 Type 2 certification is a rigorous third party assessment that demonstrates a company’s commitment to upholding the highest standards of security, availability, processing integrity, and privacy for it’s customers.
  • “We’re extremely proud to have built for security and compliance from day one at Vesta, instead of retrofitting our behaviors and procedures to be compliant later on.
  • Investors backing Vesta include: Andreessen Horowitz, Bain Capital Ventures, Conversion Capital, Index Ventures and Zigg Capital.

Insurtech Company Oyster Raises $3.6M Seed to Launch Its Point-of-Sale Platform for Personal Insurance

Retrieved on: 
Tuesday, December 13, 2022
Stripe, Theft, Seed, Insurance, SNR, P&C, McKinsey & Company, Sale, Jewellery, Venture, CRC, Conversational Capital, Bicycle parking, Accidental damage of art, Strategy, Saudi Research and Marketing Group, VC, DoorDash, Electronics, Financial services, Online shopping, Health insurance, Oyster, Research, Blend

NEW YORK, Dec. 13, 2022 /PRNewswire/ -- Oyster, an insurance technology company that provides personal insurance through seamless point-of-sale and post-purchase experiences, today announced that it has raised a $3.6 million financing round. New Stack Ventures led the round and was joined by Global Founders Capital, Conversion Capital, Cambrian Ventures, SNR VC, Kearny Jackson, Valia Ventures, Interlace Ventures, and V1 VC, alongside a group of angels including Garrett Koehn, President of CRC Insurance, Gokul Rajaram, executive at DoorDash, Eugene Marinelli, Founder of Blend, and Joe Schmidt, Partner at a16z. The Seed round will be used to help Oyster build out its omnichannel insurance platform for consumers and merchants.

Key Points: 
  • The Seed round will be used to help Oyster build out its omnichannel insurance platform for consumers and merchants.
  • Following its founding in 2021 by Blend, Stripe, and Strategy& alumni, the Oyster team is redesigning personal insurance from the ground up, creating an accessible experience that modernizes insurance for everyday consumers.
  • Oyster is an insurance technology company that provides a new standard of comprehensive personal insurance coverage through a simplified experience.
  • Oyster's end-to-end platform enables retailers to embed personal insurance at the point-of-sale to make insurance more accessible for consumers.

MGIC Announces Partnership with Vesta

Retrieved on: 
Thursday, December 8, 2022
LOS, API, RSS, Environment, MGIC Investment Corporation, Partnership, Software as a service, Index Ventures, NYSE, Disclosure, MGIC, Conversational Capital, Blend, Bain Capital Ventures, MI, Real estate, Vesta

MILWAUKEE, Wis., Dec. 8, 2022 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), announced today that it is integrated with Vesta, a modern mortgage loan origination system (LOS) and software-as-a-service company. With this partnership, lenders using the Vesta platform will be able to seamlessly, and in real time, request quotes and order private mortgage insurance (MI) from MGIC without leaving the Vesta LOS.

Key Points: 
  • With this partnership, lenders using the Vesta platform will be able to seamlessly, and in real time, request quotes and order private mortgage insurance (MI) from MGIC without leaving the Vesta LOS.
  • We're excited to work with MGIC to deliver a straightforward and modern quoting and ordering experience," said Mike Yu, Vesta CEO.
  • "At MGIC, we understand that our customers benefit from having mortgage insurance readily available when and where they need it," said Leslie Bensen, Director, Partner Solutions at MGIC.
  • "We are thrilled to offer MGIC's customers access to our MI products through Vesta LOS."

Pylon Closes $8.5M Seed Round to Build the Embedded Mortgage Infrastructure Platform

Retrieved on: 
Monday, December 5, 2022
Data Management, Banking, Technology, Construction & Property, Professional Services, Software, Networks, Internet, Fintech, Other Construction & Property, Finance, YC, Fintech Valley Vizag, API, Software, Wall, Zillow, SoFi, UI, Conversational Capital, White, Bank, Stripe, Pylon

Pylon , the embedded mortgage infrastructure platform, announced today that it has raised $8.5 million in seed funding, led by Conversion Capital with participation from Fifth Wall , Peter Thiel , QED Investors , Montage Ventures , and Village Global alongside angel investors from Ramp, Blend, Zillow, SoFi, and Figure.

Key Points: 
  • Pylon , the embedded mortgage infrastructure platform, announced today that it has raised $8.5 million in seed funding, led by Conversion Capital with participation from Fifth Wall , Peter Thiel , QED Investors , Montage Ventures , and Village Global alongside angel investors from Ramp, Blend, Zillow, SoFi, and Figure.
  • The Pylon product drastically shifts the calculus to offer mortgages while providing a digitally-native experience from day 0.
  • Analogous to the banking-as-a-service industry with the rise of developer-first infrastructure, Pylon is building the rails to seamlessly integrate mortgage-as-a-service for its customers.
  • The Pylon platform unlocks enormous enterprise value and access to the largest asset class in North America.

Cloudflare’s “Workers Launchpad” Funding Program Grows to $2 Billion, Announces First Cohort of Startups

Retrieved on: 
Thursday, November 17, 2022
Data Management, Security, Apps, Applications, Technology, Software, Internet, Workforce, Morgan Stanley, United Kingdom, AI, Conversion, GraphQL, Software, Conversational Capital, Thought, Function as a service, KIN, Page, Privacy, Organizational founder, NYSE, Culture, GGV Capital, VCS, VC, General partnership, Launch pad, PC, Internet, Chamaeleon, Ecosystem, Primary, Learning, Institutional Venture Partners, R2, BGV, Cryptocurrency, Video game, Rail transport, Cloudflare, D1

Cloudflare is also introducing the first cohort of startups participating in the program, featuring 25 companies from 10 countries.

Key Points: 
  • Cloudflare is also introducing the first cohort of startups participating in the program, featuring 25 companies from 10 countries.
  • In the days and weeks following, Cloudflare received a surge in interest globally from venture capitalists interested in joining the program.
  • 8VC: Were extremely excited to be backing the next generation of founders building at the edge on top of Cloudflare Workers.
  • Nauta Capital: Thrilled to partner with Cloudflare on this Workers Launchpad Funding Program.

Arch MI Integration With Vesta Streamlines MI Rate Quotes and Ordering

Retrieved on: 
Monday, November 7, 2022
Professional Services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Company, Pandemic, MI, LOS, Solution, Bain Capital Ventures, Private Securities Litigation Reform Act, Software as a service, Conversational Capital, Efficiency, Terminology, District, LIBOR, Industrial technology, Review, Arch Capital Group, Index Ventures, Securities & Exchange Commission of Pakistan, Forward-looking statement, Vesta, Technology, Insurance, Blend, U.S. Securities and Exchange Commission, Policy, Person, Terrorism, Credit, COVID-19

Arch Mortgage Insurance Company (Arch MI), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd., and Vesta, a next-generation loan origination system (LOS) and software-as-a-service company, launched a new integration providing customers with direct access to Arch MIs industry-leading products and pricing tools.

Key Points: 
  • Arch Mortgage Insurance Company (Arch MI), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd., and Vesta, a next-generation loan origination system (LOS) and software-as-a-service company, launched a new integration providing customers with direct access to Arch MIs industry-leading products and pricing tools.
  • Arch MI's newly-launched integration with Vesta LOS delivers a seamless ordering experience for our mutual customers, while also increasing accuracy and reducing costs, said Will Vickers, Arch MIs Vice President of Industry Technology.
  • The integration provides Vesta with a streamlined process for ordering MI quotes and delegated MI without leaving the Vesta LOS.
  • Arch Capital Group Ltd.s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk.