Since Insurent involves no costs of any kind for owners and developers and can quickly close leases that they want to close, it is becoming increasing clear to the New York real estate community that Insurent is an integral tool for owners.
New York, NY (PRWEB) October 03, 2012
In just the last nine months, 17 newly developed luxury buildings have adopted the Insurent Lease Guaranty Program. Most recently four newly developed luxury buildings in different neighborhoods throughout Manhattan started utilizing Insurent's Guarantor service.
On the Westside in Clinton, the Icon building recently opened. Located at 306 West 48th Street, the Icon is a 43 story building with only three apartments per floor. All apartments have corner views and most apartments have terraces as well as great views. Amenities include a first class fitness center, landscaped sky deck, and concierge service.
On the Eastside In Kips Bay, the Grayson is a new 17 story 128 unit new building located at 247 East 28th Street. Each apartment has Bosch Washers & Dryers, and bathrooms with soaking tubs.
The Hudson 192 located at 700 West 192nd Street in upper Manhattan, recently opened, and it has an outside deck for all residents, a full gym with TV’s available for free for all residents, a 24 hour attended underground garage, a bicycle room, and full laundry room.
Downtown in the Financial District, 25 Broad Street at the Exchange is a 306 unit new building with some unusual amenities including a full-swing golf simulator as well as a large landscaped roof deck with an outdoor kitchen, and a fitness center and Yoga studio.
Charles Schoenau, Managing Director of Insurent, explained “2012 has been a special year so far for Insurent. In first nine months of 2012, 17 recently developed buildings have accepted the Insurent Program as well as over another 30 traditional owners. Since Insurent involves no costs of any kind for owners and developers and can quickly close leases that they want to close, it is becoming increasing clear to the New York real estate community that Insurent is an integral tool for owners and a vital service for many qualified renters who are unable to get the apartment they want without Insurent. ”
ABOUT INSURENT LEASE GUARANTY
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, and NY1 Cable TV
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.