Nobody likes bank guarantees.
But tenants just accept it. Landlords seem to have developed Stockholm Syndrome. Even banks don’t like them, but it has their name on it, so they begrudgingly do it.
Billions are being locked out of the economy through commercial lease bank guarantees. It’s dead, dead money.
When we wanted to change the status quo, we were locked out too. “You’re not a bank”, “It’s always been done this way”, “You need a big backer”. And the backers said no. Until one tried to get their own bank guarantee, and understood this was a pain-point worth addressing.
We earned an S&P AA- rating, brought together a team with AA-mazing talent, and crafted an AA-standout experience. Then everything changed.
People started liking lease security.
We liked doing them, businesses liked accessing their cash, landlords liked attracting tenants, and they both love that we’ve brought money back from the dead. Everyone’s better off.
Ready to move on from the outdated bank guarantee?
Let’s get started with a little detail here and one of our commercial lease security experts will call you soon.
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