Innovative hospitality company frees up credit capacity by using Securiti
Our client, a fast-growing hospitality company, (“tenant”) headquartered in New York City had plans to expand their business to a new location in Phoenix, AZ. The near-million dollar security deposit required by the landlord would tie up a portion of their credit capacity with the bank, which the tenant was hoping to keep available for growth, opportunistic M&A, and excess liquidity. Learn more about how this company found a way to avoid a huge cash outlay.