March 24, 2020
Your Certainty in Commercial Property Capital
Well it’s been the most remarkable couple of weeks of most of our careers. We hope that you are all healthy and safe.
Stamford made the decision to send our people to work from home last Monday 16th March. We have systems that are secure and cloud-based so we transitioned to full productivity with immediate effect. We are all getting used to working remotely – which I must say poses some unique challenges but we are able to service our customers and lender partners and that is most important.
To our customers, Stamford is here to help.
The Banks are working with the government to assist business. Please reach out to us if there is anything we can help you with – whether that be assisting with a refinance, residual stock finance, an acquisition or just assisting with renegotiating your current facilities. We are uniquely placed to ensure you are getting the best outcomes for your project or property finance needs – especially in this market.
The non-bank markets are tightening in terms of liquidity. We have already seen some upward movement in pricing, where deals are being renegotiated to reflect the times that we are in. Importantly there is still liquidity and non-bank lender partners that are willing to transact.
Our team will be reaching out to all our customers to check in over the coming weeks.
Domenic Lo Surdo
Joint Managing Director