The Insurent® Lease Guaranty Program was created to assist landlords, condo/co-op owners, renters and brokers in closing residential leases. Its role as the “institutional mommy and daddy” allows thousands of leases to quickly and easily close to the benefit of all parties that otherwise would not close without Insurent.
New York, NY (PRWEB) August 04, 2011
The Insurent Lease Guarantor Program is now being utilized by three luxury boutique apartment buildings; The Chelsea Muse at 537 West 27th Street , CL Tower at 203 East 121st Street, and Golbar Tower at 2205 Third Avenue. These buildings along with 135,000 other apartments in New York City and New Jersey use the Insurent program in order to close more leases with well qualified renters in New York and New Jersey.
Insurent is a win-win tool for the owner and the renter. Insurent guarantees the full rent obligation and takes all the risk away for the owners. At the same time, many desirable renters who want to live at the these attractive Insurent buildings can now quickly qualify for the fantastic apartment that they want for a reasonable price.
The Chelsea Muse, developed by Eckstein Development and marketed by Halstead Property Development Marketing, is in the center of West Chelsea’s thriving art district and is just yards from the High Line. The rents for studios, one, and two bedrooms range from $2500 to $6900 per month. Some of the units have expansive outdoor spaces. Amenities include a fitness center, common terrace, on- site laundry room, and virtual doorman.
CL Tower, developed by Cohen and Levy Development Group and marketed by Peter Ashe Real Estate, is a brand new luxury rental building that boasts an assortment of unique studio and one bedroom apartments which have open layouts and outdoor space in most units. Amenities include a state-of-the-art gym, bike storage area, roof terrace, and laundry room. The building is conveniently located near the 4/5/6 subway lines, bus, and Metro North transportation.
Golbar Tower, developed by RMH Estates, is a newly renovated 70 unit luxury building with balconies for all apartments, as well as large windows, large closet space, new hardwood floors, granite counter tops, fully tiled bathrooms, exposed brick wall, double sink in the bathroom, and stainless steel appliances. Amenities include on-site parking, doorman, laundry room, and a newly renovated lobby. Many restaurants and clubs, including the Cotton club and Lenox Lounge, are within walking distance.
Presently, over 1,000 buildings representing over 135,000 apartments accept the Insurent
Program. Luxury rental developments in Manhattan using Insurent include the Aldyn, the Aire,
the Ashley, the Beatrice, Columbus Square, the Continental, The Corner, Emerald Green, New
York by Gehry, Mercedes House, 2 Cooper Square, 55 Thompson Street, Port 10, 200 Water Street, 1510 Lexington Avenue, the Stanton, and Silver Towers.
The Insurent® Lease Guaranty Program was created to serve renters, landlords, condo/co-op owners, and brokers and relocation specialists by offering the first institutional guarantor of residential leases. Insurent Lease Guaranty has been featured in the New York Times, The Real Deal, The New York Real Estate Journal and Real Estate Weekly.
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.