Financial services firm expands for a third time without increasing their out of pocket expenses
Our client, a financial services firm, (“Tenant”), was rapidly outgrowing their space. They currently occupied ~57,000 SF across 3 suites after expanding twice. The large security deposit was secured by a fully collateralized letter of credit from their bank.
The Tenant needed to expand again, but increasing their security deposit was a non-starter. The Tenant, who preferred to expand in place, was able to use Securiti product for half of their deposit.