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ACRES Capital LLC Funds a First Mortgage Bridge Loan in Hollywood, FL

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ACRES Capital LLC


ACRES Capital, LLC (“ACRES”) announces the funding of a bridge loan on a 2.7 acre site approved for the construction of a luxury condominium project located in Hollywood, FL.

The Sponsor intends to utilize the loan proceeds to fund the remaining predevelopment and soft costs associated with the project. Construction is currently underway for the 15-story, 247-unit luxury condominium with 6,222± SF of ground floor retail space. The construction is expected to be completed in January 2017.

“This was a great opportunity to make a loan on a well-received project in a revitalizing neighborhood. To date the sponsor has executed his plan remarkably well on,” according to Mark Fogel, President and Chief Executive Officer of ACRES.

ABOUT ACRES CAPITAL

ACRES Capital is a direct lender operation on a nationwide platform. The company seeks opportunities in the $ 3 million to $ 30 million range on stabilized to distressed properties including Multifamily, Retail, Office, Hospitality, Industrial and New Construction. For more information please visit http://www.acrescap.com.







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GSF Mortgage Welcomes Diligent Branch in St. Louis

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GSF Mortgage is pleased to welcome Jim Donovan and his team in St. Louis, Missouri. Donovan, branch manager, joins TeamGO with 11 years of mortgage industry experience.

Donovan was a member of Midwest Mortgage Capital and when MMC decided to join forces with GSF Mortgage, Donovan chose to come aboard because the company aligned with his personal attitude: every loan matters, every person matters. He values the family-like atmosphere where he is on a first name basis with decision makers, processors and underwriters.

Donovan is a true leader. If you ask him what he does for a living, he will tell you he makes dreams come true. His passion is building relationships and partnerships. Donovan sees an opportunity to grow into a bigger role at GSF Mortgage and help the company expand their footprint in other states by recruiting more net branches.

“I couldn’t be more proud to welcome such a diligent team to GSF Mortgage. Their culture aligns directly with our company’s and Jim will be a great aggregate to help take the company to the next level. We look forward to supporting them in their market,” says National Sales Director Mike Maida.

Donovan is joined by a very diverse team with tenure ranking from four to six years. Nonetheless, they are the definition of a team: they share successes and celebrate victories. Above all, they all share the same vision. His team includes: Brian Agee, Brian Alexander, John Charlton, Matt Hess, Mark Howard, Dusty Lilledahl, Rod Nash, Lodell Parks, David Quist and Cody Todt.

GSF Mortgage continues to seek mortgage rockstars for a number of positions throughout the United States including branch managers, mortgage underwriters and mortgage processors. If you are looking for a dynamic company with a great work culture, benefits and a remarkable reputation, please visit gogsf.com/careers.

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Founded in 1995, GSF Mortgage is an established and experienced direct mortgage lender. With 20 years of lending experience, GSF professionals originate, process, underwrite, and fund all loans. We continue to serve the next generation of homeowners with the GoGSF brand. We are focused on flexible and transparent mortgage lending and are on a quest to continue hiring the “best of the best” in the mortgage industry. With many locations, our strengths keep GSF Mortgage “Lending in Your Favor”. Interested in finding out more about us? Visit us at GoGSF.com and check out our careers available!







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Scripps College Announces Departure of President Lori Bettison-Varga

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Lori Bettison-Varga, President of Scripps College since 2009, will step down in October.

Lori Bettison-Varga, president of Scripps College since 2009, will leave her post this fall, Scripps College announced today. Bettison-Varga has been named President and Director of the Natural History Museum of Los Angeles County, pending approval by the Los Angeles County Board of Supervisors.

“President Bettison-Varga has led the College with distinction over the past six years, building on a legacy of academic excellence, launching ambitious new strategic initiatives, and enhancing our national and international profile,” said Mark Herron, Chair of the Scripps College Board of Trustees.

“While President Bettison-Varga’s departure represents a loss for the Scripps community, the Board congratulates her on her new role leading one of Los Angeles’ most prestigious cultural institutions. We know the Natural History Museum will benefit from her passion for education, science, and civic and community engagement, just as we have at Scripps College,” Herron said in a message to the Scripps community.

During her six-year tenure, President Bettison-Varga advanced Scripps College’s reputation as a superior liberal arts college and a leader in women’s education. Student applications increased 20 percent, resulting in a more selective admission process; the College launched an ambitious $ 175 million campaign with $ 115 million raised to date for strategic priorities including scholarships, new facilities, and the LASPA Center for women’s leadership development; and Scripps has recorded a budget surplus each of the past six years while the endowment per student has grown more than 15 percent.

“I’ve enjoyed working with President Bettison-Varga, and I know the Scripps community will miss her passion and enthusiasm,” said Scripps College trustee Jean Bixby Smith. “At the same time, I eagerly anticipate the positive impact she will have on one of Los Angeles’ most important cultural institutions, and I congratulate the Natural History Museum on selecting a tremendous leader.”

Scripps College is consistently ranked in the top tier of national colleges by U.S. News and World Report, the Princeton Review, Forbes, and Business Insider, among others. Scripps is ranked seventh among U.S. colleges producing the greatest number of Fulbright scholarship award winners.

The Board of Trustees has appointed Amy Marcus-Newhall, vice president for academic affairs and dean of faculty, as interim president effective mid-October. Marcus-Newhall will work closely with the president to manage the transition until her departure.

“It has been an honor and privilege to serve Scripps College for the past six years and to support its legacy of foundational coursework in interdisciplinary humanities, distinctive capstone senior research experience, and its commitment to the liberal arts in its mission to develop future generations of women leaders,” Bettison-Varga said in a letter to the Scripps Community.

Scripps College is a top-ranked liberal arts and women’s college and a member of The Claremont Colleges in Southern California. The mission of Scripps College is to educate women to develop their intellects and talents through active participation in a community of scholars, so that as graduates they may contribute to society through public and private lives of leadership, service, integrity, and creativity.







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American Consumer Credit Counseling Offers Tips on What You Need to Know Before You Refinance Your Home

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Getting a new mortgage to replace the original is a great way to save money and lower your monthly payments, but not all lenders and borrowers are good candidates. That’s why national nonprofit American Consumer Credit Counseling is offering helpful tips for homeowners to know before they restructure their mortgage.

Many homebuyers are misinformed about down payments, lender rules, mortgage rates and refinancing. According to a recent survey from Zillow, 47 percent of current homeowners incorrectly believe they must wait at least one year between refinancing. Separately, the survey revealed that one in five homeowners – nearly 14 million Americans – said they did not believe underwater borrowers (owing more than your home is worth) could refinance. In addition, more than one-third of current homeowners incorrectly believed that you can only refinance your home every 12 months.

“Too many homeowners are unaware of the opportunities to refinance and save money,” said Steve Trumble, president and CEO of Newton-based American Consumer Credit Counseling. “As people work through their careers and continue to increase their salary, they are more likely boost their credit score. With this increase in credit comes the ability to procure home loans at lower rates. A lower interest rate can have a significant effect on monthly mortgage payments, potentially saving homeowners hundreds of dollars a year.”

ACCC offers the following tips to know before refinancing a home loan:


    Beware of Increased Terms: Borrowers should be aware that increasing the term of the loan repayment means more payments and more interest paid. Borrowers can use an online home refinance calculator to help calculate monthly payments under these repayment plans.

    Meet Qualifying Criteria: Before deciding to refinance, borrowers should be sure to meet all of the qualifications. To refinance, homeowners should have regular income, at least 10 to 20 percent equity in their homes, and a FICO credit score of 740 or better. Borrowers with scores as low as 620 can qualify for a Federal Housing Administration mortgage, which are available through banks, credit unions, and other lenders.

    Look at Short Term Loans: If you’re not going to stay in your home for over 10 years, you should consider a hybrid loan that is fixed for 5, 7, or 10 years and then converts into a 1-year adjustable rate mortgage. These loans reduce the amount of interest paid, but if you stay beyond the fixed period, your rate could rise.

    Know Your Options: Before refinancing, weigh your options. Compare monthly payments, interest savings, length of mortgage, refinancing costs, eligibility etc. Before you refinance speak with your current lender and see what types of options are available and let the lender know you are shopping around for the best deal.

All homeowners have their own unique and personal financial situation, but taking advantage of refinancing can be rewarding – particularly when consumers take the time to properly research and make educated decisions on the timeliness of their repayments.

ACCC is a 501(c)3 organization that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For more information, contact ACCC:

    For credit counseling, call 800-769-3571
    For bankruptcy counseling, call 866-826-6924
    For housing counseling, call 866-826-7180
    Or visit us online at ConsumerCredit.com

About American Consumer Credit Counseling

American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling 501(c)(3) organization dedicated to empowering consumers to achieve financial management and debt relief through education, credit counseling, and debt management solutions. In order to help consumers reach their goal of debt relief, ACCC provides a range of free consumer personal finance resources on a variety of topics including budgeting, credit and debt management, student loans, youth and money, homeownership, identity theft, senior living and retirement. Consumers can use ACCC’s worksheets, videos, calculators, and blog articles to make the best possible decisions regarding their financial future. ACCC holds an A+ rating with the Better Business Bureau and is a member of the Association of Independent Consumer Credit Counseling Agencies. For more information or to access free financial education resources, log on to ConsumerCredit.com or visit TalkingCentsBlog.com.







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Tips For Saying Yes To The House

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The Federal Savings Bank knows that some first-time home buyers might not be committing to each other before committing to a mortgage. Forbes noted on July 7th in a release that historically low interest rates may be encouraging individuals to purchase a home instead of an engagement ring. For those deciding to purchase real estate before tying the knot, there are a few things to consider to ensure the transaction goes smoothly and to avoid any hiccups down the road.

The following are tips from The Federal Savings Bank for how to proceed with a mortgage before marriage.

Know both credit scores

Couples looking to invest in a home together should both share their credit reports.

“If a couple is entering into a business deal, which is what a home purchase between two nonmarried people is, they should know the creditworthiness of their business partner. A person’s credit score will impact your ability to obtain a mortgage and the interest rate you will pay,” noted Kevin Reardon, a financial adviser, according to a Time.com release from July 1st.

Unmarried couples have an advantage because the individual with the higher score can apply for the mortgage. Typically, married couples are considered one unit. If someone has bad credit, both are impacted.

Have a plan

Set up a joint checking account where both parties can deposit money into to pay for the mortgage, property taxes, maintenance and any insurance.

In addition, the two parties should decide which name goes on the deed and what happens if the two decide to separate. Whatever terms are finally agreed upon, it is important to get it in writing. The law for homeownership between an unmarried couple is much less precise than the law for those who tied the knot then bought a home.

Contact the Federal Savings Bank, a veteran owned bank, to learn more about mortgages.







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Mother of Deceased Addict Wins Bankruptcy Discharge of $63,500.00 in Private Student Loans Taken for Son’s Drug Treatment

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Student Loan Lawyer Christine A. Kingston

A Los Angeles bankruptcy judge ordered student loans to be discharged on July 6, 2015 because they did not qualify as education loans under 11 U.S.C. 523(a)(8). Judge Neiter, United States Bankruptcy Judge in the Los Angeles Division of the Central District of California, presided over the adversary proceeding case no. 2:14-ap-01722-RN, Schwartz v. National Collegiate Student Loan Trust and granted Summary Judgment yesterday in favor of Ms. Schwartz, discharging nearly $ 63,500.00 in private student loans.

According to court papers and the Judge’s tentative ruling, Ms. Schwartz’s son had attempted suicide and was placed in a psychiatric hospital for three days. During his stay, he was assessed and determined he needed residential treatment. Upon admission to YouthCare treatment facility in Utah, her son was given an intake assessment and psychiatric evaluation. To pay for his treatment, Ms. Schwartz executed a loan agreement (“Private Student Loan”) through Bank of America, N.A., that was later sold to National Collegiate Student Loan Trust.

The Court stated in its ruling, “Defendant does not dispute that the loan at issue is not a qualified education loan under 11 U.S.C. §523(a)(8)(B). The court found in favor of Ms. Schwartz and ordered the debt discharged. The Schwartz family is grateful that the death of their son to a drug overdose is honored by the elimination of this lingering debt burden.”

The Law Office of Christine A. Kingston, author and nationally known student loan lawyer, handled the civil and bankruptcy matters. Attorney Kingston moved the civil collections lawsuit into bankruptcy court, reopening Ms. Schwartz’s bankruptcy case so that court could determine the dischargeability issue. “Each case is unique in my approach,” says attorney Kingston. “I look at the entire picture of my client’s lives and find a solution that gets them out of debt as quickly and economically as possible.” Attorney Kingston also advises those struggling with their student loan debts to seek the advice of an attorney because there are more options, including a bankruptcy discharge under some circumstances.

About Law Office of Christine A. Kingston

Author of 5 Steps to Freedom From Debt and nationally known student loan, consumer protection and bankruptcy lawyer of Law Offices of Christine A. Kingston, which represents families facing financial difficulties, burdened by debts including taxes, student loans, credit cards, medical bills, law suits, fallen behind on home mortgage payments, or facing auto loans they can no longer afford. The firm has helped clients eliminate student loan debt and helped reduce principal mortgages through the bankruptcy process. The law firm is passionate about helping clients achieve financial freedom from their debts and fights oppressive debt collectors.

For more information, please call (714) 406-1654 or visit their website at http://www.losangelesbankruptcylawmonitor.com for a free consultation.







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PIRA Energy Group’s Weekly Oil Market Recap for the Week Ending July 5th, 2015

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NYC-based PIRA Energy Group believes that crude stock draws have already begun and will pick up momentum in the third quarter. In the U.S., crude and products stocks showed builds. In Japan, crude runs fell marginally and imports dropped back such that crude stocks corrected lower. Specifically, PIRA’s analysis of the oil market fundamentals has revealed the following:

World Oil Market Forecast

Wage gains in developed world to drive faster second half global economic growth with Greece risks muted by potential aggressive ECB/Fed action if needed. The worst of oil market imbalance is over with inventory overhang being much less than generally expected. Crude stock draws have already begun and will pick up momentum in the third quarter. Longer-term supply/demand fundamentals are bullish. The United States is becoming a big factor in the NGL market. MENA geopolitical risks to supply remain substantial, and while an Iranian nuclear deal looks more likely than not, oil markets are expected to have to wait until 2016 for more Iranian oil, and by that time it will need it.

Robust U.S. Stock Build

Commercial stocks built this past week, as both crude and products showed builds. This reversed eight consecutive weeks of crude stock draws, but we expect the crude draws to continue next week. Total demand growth remains strong, including gasoline and distillate. We think the April and current weekly reported crude production values are too high, most likely driven by an overstatement of Texas production.

Japanese Crude and Finished Product Stocks Draw

Crude runs fell marginally and imports dropped back such that crude stocks corrected lower. Major product demand performance was much stronger, up nearly 0.5 MMB/D. All the major finished product stocks levels declined. The indicative refining margin remains very good, though softer on the week as all the major cracks gave ground.

Freight Market Outlook

Tanker markets have been counter-seasonally strong in all size groups during May and June. OPEC and Saudi crude production are near record levels, while refiners are reaping stellar margins across the globe and are more than willing to process (and ship) the additional barrels. Unintended floating storage has also provided support as international markets are struggling with surplus barrels. As a containment step while seeking a buyer, these unplaced cargoes are being slowed down while in-transit or delayed upon arrival resulting in substantial opportunity and demurrage costs well in excess of current contango credits. The recent surge in rates is not likely to persist unless floating storage expands further, which is unlikely in PIRA’s view.

U.S. NGL Field Production Soars

U.S. NGL field production has been increasing at accelerating rates. New data from the EIA show that at 3,314 MB/D, April total NGL field production was nearly 14% higher than a year ago. Year-on-year production increases have been running between 13-15% for each month of this year thus far. PIRA had expected to see field production increases begin to abate due to lower drilling and investment activities; however, this has yet to occur in any meaningful way.

Ethanol Prices Increased

Ethanol prices strengthened during the last half of June as stocks drew and the production of blended gasoline hit record levels. Assessments were also supported by rising raw material costs.

U.S. Output and Stocks Lower

U.S. ethanol production dropped to a six-week low 968 MB/D the week ending June 26 as heavy rain and flooding disrupted operations at some Midwestern plants. Inventories have plummeted by nearly 1.2 million barrels over the past two weeks as ethanol-blended gasoline production soared to a near-record 9,106 MB/D last week.

The information above is part of PIRA Energy Group’s weekly Energy Market Recap– which alerts readers to PIRA’s current analysis of energy markets around the world as well as the key economic and political factors driving those markets.

Click here for additional information on PIRA’s global energy commodity market research services.

CONTACT:

PIRA Energy Group

3 Park Avenue, 26th Floor

New York, NY 10016

212-686-6808

sales(at)pira(dot)com







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Wesley Homes Resident Attends U.S. Open at Chambers Bay

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Des Moines, WA (PRWEB) June 19, 2015

Mary Ann Hauser, resident of Wesley Homes Des Moines, joined thousands of spectators to view the 115th U.S. Open Championship practice rounds at Chambers Bay in University Place, Wash.

Hauser, a 94 year old former golfer, was excited and nervous to attend. Though she stopped playing golf at age 82, she still expresses her love for the sport. She lights up when she talks about it. This passion is what gave Tashena Taylor, DPT, Consonus Senior Rehab Director, the idea to send Hauser to the first U.S. Open Championship in Washington State through “What’s Your Dream.” This program by Marquis, the sister company of Consonus, helps seniors fulfill dreams.

Taylor and Naniofa Poulivaati-Mounga, Wesley Homes Director of Activities and Volunteer Services, had to figure out the logistics of getting highly coveted tickets for Hauser to Chambers Bay. Taylor consulted Kevin Anderson, President and CEO of Wesley Homes, who asked Pete Shimer of Deloitte if he had three tickets he could donate.

“Pete said he could donate the tickets and VIP passes to the Deloitte tent for Mary Ann, and Deloitte didn’t need any credit. He told me it was the right thing to do,” said Anderson. “It was such an uplifting thing to hear.”

Hauser doesn’t know that so many people pulled together to help her dream come true. She just knows that she is able to attend a game she loves while wearing her favorite golf club polo shirt.

“I just loved playing golf,” said Hauser. “I practiced a lot. I started golfing when I was 22. I took lessons every Tuesday, and then I’d go to my sister’s. She had 20 acres, and I’d practice there a lot. In my mind, I never thought of it as just playing golf.”

Her many hours of practice paid off. There were times when her scores at Jefferson Park Golf Club were better than her husband’s, and she’s won tournaments. Hauser’s crowning glory is a trophy she won in a Connecticut tournament for gross score, drive and putting. She proudly proclaimed, “That was my best game. I won every damn thing!”

The trophy means even more to Hauser as she recalled how the tournament organizers searched for five years in order to get the trophy to her, eventually finding her through her son, Tim.

As Hauser headed off to watch Tiger Woods, Kevin Na and golfers from around the world practice, she had one important piece of advice for beginners: “Get a pro to teach you!”

Founded in 1944, Wesley Homes is a not-for-profit organization that provides a network of services offering a continuum of care for over 1,800 older adults with two retirement communities in south King County, a private pay home care agency and a Medicare-certified home health agency. It is affiliated with the Pacific Northwest Annual Conference of the United Methodist Church.

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WESLEY HOMES

Retirement Communities, Home Health Services & Foundation

815 S. 216th Street

Des Moines, WA 98198

(206) 824-5000







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AircraftLogs Releases “Aviation Intelligence” Tools

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AircraftLogs announced today the first release of its new “Aviation Intelligence” reporting platform, which provides its software clients with unsurpassed data analysis and reporting capabilities. “If there’s one thing that a flight department generates, its data!” said Jordan Pfahl, leader of AircraftLogs BPS service line. “We’ve now made it possible to provide clients with all sorts of analysis. If you’ve captured the data, we can now help you gain further insight about your specific areas of interest.”

AircraftLogs has led the aircraft scheduling market for years with reporting capabilities and performance metrics. “As flight departments have become more sophisticated, more IT-driven, and demanding more data for consumption, we’re giving them that capability” said Andrew Hartley, leader of the AircraftLogs Standard service line.

Examples of the new reporting ideas available include:

Analysis of “hard to access” data, such as fuel burns, crew duty, or passenger activity
Addition of “CEO ready” charts, graphs or reporting packages
Automatic distribution of scheduled reports – delivered to key members of the your team

The release of Aviation Intelligence takes this capability to a new level, in two phases:

Phase 1 – AircraftLogs can add client-specific analysis, plus charts and graphs in areas selected by a client. These new reports can be added in days, not weeks or months. In addition, existing AircraftLogs users will see a new, reporting tool, with a cleaner layout and faster report generation.

Phase 2 – Will allow clients to request ad hoc reporting capabilities for their designated users. This later phase will allow clients to add their own reports on demand.

“We still have some other tricks up our sleeve” added Pfahl. “We’ve seen lots of data over the years. We can show clients some of the insights they can gain with their data. It helps us guide them on how much data to capture and how they use it. Flight departments might take shortcuts with their flight logs today, for example, but they might lose the ability to gain valuable insight later. We’re helping them with that.”

A 60 second video provides an overview of the AircraftLogs Software. If you’d like to discuss specific areas of data analysis using our Aviation Intelligence tools, please call Jordan Pfahl or Andrew Hartley at 888.359.5647. You can also Request a Software Briefing and we’ll contact you with more information.

About AircraftLogs

AircraftLogs provides web-based aircraft scheduling software and aviation data management systems for corporate and private business aircraft. Based in Columbus, Ohio, its software is available on a SaaS basis (Software-as-a-Service). Additional details are available by calling 888-359-5647 or by visiting http://www.AircraftLogs.com. AircraftLogs is also the Platinum sponsor of the NBAA annual tax classes, taught by national experts in aviation tax, law, and regulatory issues and which provides CPE and CLE credits.







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Privilege Underwriters, Inc., Holding Company for PURE Group of Insurance Companies, to Undertake Equity Recapitalization with Investments from Stone Point Capital & KKR

White Plains, New York (PRWEB) June 18, 2015

Privilege Underwriters, Inc. (Privilege), the holding company for the PURE Group of Insurance Companies, including the member-owned Privilege Underwriters Reciprocal Exchange (PURE), today announced that it signed a definitive agreement to recapitalize with equity investments from funds managed by Stone Point Capital, KKR and the management team. Financial terms of the transaction were not disclosed.

The PURE Group of Insurance Companies provide personal insurance and risk management services to high net worth individuals and families. The company was formed in 2006 by Ross Buchmueller, Martin Hartley and Jeff Paraschac in partnership with Stone Point Capital. PURE’s unique service model has resulted in 96% member retention and an industry-leading Net Promoter Score, while also enabling the company to grow rapidly, with current premium volume in excess of $ 400 million. As part of the transaction, funds managed by Stone Point Capital will maintain a majority stake in Privilege, while KKR will acquire a minority stake.

“Over the past nine years, Stone Point Capital has been an ideal partner – engaged and supportive. I am thrilled to have the opportunity to continue our relationship into a second decade,” said Ross Buchmueller, President and Chief Executive Officer of the PURE Group. “I’m also excited to work with KKR. With their deep expertise in the insurance business, they will certainly contribute to making us an even better company.”

“It has been exciting to be a part of helping Ross and his team build the PURE Group from a start-up concept to a leading insurer in the high net worth market,“ said, Chuck Davis, CEO of Stone Point Capital. “My colleagues and I are honored to continue this partnership and we are also proud to be PURE members.”

“We have been incredibly impressed with PURE’s membership model and believe they are already the service leader in the high net worth segment”, said Tagar Olson, Member and Head of Financial Services at KKR. “We are thrilled to partner with them as they further innovate, enhance the member experience and continue their market leadership.”

The agreement is subject to customary closing conditions, including receipt of regulatory approvals, and is expected to close in the third quarter.

Skadden, Arps, Slate, Meagher & Flom LLP provided legal counsel to Privilege Underwriters and Simpson Thacher & Barlett LLP provided legal counsel to KKR.

About Privilege and PURE

Privilege Underwriters, Inc. (Privilege), was founded in 2006 and provides the management resources and capital that enabled PURE’s creation and early success. Privilege was initially capitalized through investments from management and Trident III, a private equity fund managed by Stone Point Capital, a preeminent investor in the insurance industry.

Privilege Underwriters Reciprocal Exchange (PURE) is a policyholder-owned insurer dedicated to creating an exceptional experience for responsible high net worth individuals and families. PURE provides best-in-class, customizable coverage throughout the U.S. for high-value homes, automobiles, jewelry, art, personal liability, watercraft and flood. Inspired by some of the finest policyholder-owned companies in the world, PURE emphasizes alignment of interests and transparency. PURE’s low cost of capital, careful member selection, and proactive risk management all contribute to highly competitive rates. For additional information about PURE, visit http://www.pureinsurance.com.

In return for a fee, PURE Risk Management, LLC, a for-profit subsidiary of Privilege, acts as Attorney-in-Fact for PURE. Privilege has no ownership stake in PURE.

About KKR

KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners’ capital and brings opportunities to others through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR’s website at http://www.kkr.com.

About Stone Point Capital LLC

Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised six private equity funds – the Trident Funds – with aggregate committed capital of approximately $ 13 billion. In addition to the capital invested by the Trident Funds, Stone Point has secured approximately $ 7 billion of equity co-investments since 2001. Stone Point targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies. For further information about Stone Point Capital, see http://www.stonepoint.com.