The Brodsky Organization will now be able to close more leases with a larger pool of qualified renters by using Insurent.
New York, NY (PRWEB) November 28, 2011
The Brodsky Organization, one of the largest residential owners in New York City, is the latest landlord to accept the NYC guarantor program, the Insurent Lease Guaranty. Brodsy's residential portfolio consists of many of the finest apartment buildings throughout the various neighborhoods of Manhattan.
Jeffrey Geller, the Vice Chairman and Chief Operating Officer of Insurent, explained “The Brodsky Organization has accepted the Insurent Lease Guaranty Program and will now be able to close more leases with a larger pool of qualified renters by using Insurent. The Brodsky Organization is one of the most admired owners, developers, and managers of luxury and affordable rental apartments in New York City. Insurent looks forward to working with The Brodsky Organization, driving more qualified renters to their buildings, and assisting them in closing more leases without cost or risk, and in a quick and efficient way.”
The Insurent Program closes leases for the following renters: (i) creditworthy responsible college and professional graduates entering the workforce who don’t meet the NYC landlords’ 40x-50x annual income/monthly rent multiple, (ii) foreign executives relocating to the U.S. who have no U.S. credit history, (iii) relocating U.S. executives, (iv) self-employed persons, (v) non-employed foreign and US renters with significant cash liquid assets, (vi) international and U.S. students with Responsible Parties, and (vii) US and foreign corporations.
Presently, 1,100 buildings representing over 140,000 apartments accept the Insurent Program. Other major owners using the Insurent Lease Guaranty include Glenwood Management, Manhattan Skyline, Rose Associates, Silverstein Properties, LeFrak Organization, Gotham Organization, Stonehenge Management, Extell Development, and Forest City Ratner.
The Insurent Lease Guaranty Program was created to serve renters, landlords, condo/coop owners, and brokers and relocation specialists by offering the first institutional guarantor of residential leases. The Insurent Lease Guaranty Program has been featured in the New York Times, The Real Deal, The New York Real Estate Journal, Real Estate Weekly, and Multi-Housing News.
The Insurent Lease Guaranty Program is underwritten and issued by Argonaut Insurance Company, a property and casualty insurance company rated A (Excellent) by A. M. Best. Instead of looking for an individual guarantor or co-signer, or having to pay a significantly larger security deposit or prepaid rent, a renter may utilize the Insurent Lease Guaranty to satisfy the landlord’s financial and credit requirements.