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To our friends in the commercial real estate community,

Together we are facing a truly unprecedented situation. The coronavirus pandemic is affecting every aspect of our daily life and we recognize the tremendous uncertainty regarding the ultimate impact that this crisis will have on our public health and economy.

First and foremost, the health and safety of our employees is our priority. Our teams have transitioned to working remotely but remain fully operational so there will be no disruption to our services. 

We also think a lot about you, as our partners, and the industry at-large. While there is still so much that we don’t know about this virus, we do know that the economic effects will likely weigh heavily on the commercial leasing industry. We may be in uncharted territory, but we have faced financial crises before – and it has always been in everyone’s best interest to work together. 

As you begin to take certain steps to proactively protect your investments, we wanted to remind you of how we can help.

 

Your tenants need cash.

As companies across the country seek to maximize their liquidity, many have a large amount of capital tied up in a cash security deposit or cash-backed letter of credit for their commercial leases. 

By offering tenants the option to replace their existing security deposit with our unsecured surety bond, Securiti, you would essentially give tenants 3-6 months of rent back (avg. length of SD) that they can use to shore up their operations as they navigate these unsettling times. 

Think of it as a concession without conceding because you are not giving up a dollar of protection. Instead, it’s a “stimulus package” to help keep the rent roll afloat. Designed specifically for commercial leases, Securiti provides landlords with protection that’s no nonsense and reliable - just like a letter of credit: 

  • Bankruptcy remote
  • Backed by investment grade insurance carriers (Chubb, Lloyd's of London syndicates, and others rated AM Best: A- or higher)
  • Claims paid on demand, no questions asked

Extraordinary times call on communities to come together in extraordinary ways and we must all rise to that challenge. We want to help you protect your investments. Reach out to info@securiti.io to learn more.

 

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