Tenant unlocks cash trapped in a letter of credit by using Securiti
An established company, (“Tenant”), moved their headquarters into a Class A building that required a very large letter of credit. Shortly after signing the lease, the Tenant realized they needed money to fund growth projects. With an introduction from their landlord, the tenant used Securiti to free up a portion of their capital.
6 months later, the Tenant raised a funding round and expanded their office to an additional floor. As a result, the total security deposit required increased and the tenant was able to use Securiti again.