Short-term housing disruptor StayTony is poised to become the first to offer qualified renters the opportunity to move in for a minimum of $237 and to finance the balance of their rental.
“One of the biggest pain points for moving to a new city is the huge up-front cost. We will be eliminating that and doubling down on our mission to go beyond the typical, tired corporate apartment – four walls and furniture,” said Tony Diamond, founder of StayTony.
“When you rent with StayTony, guests get a unique, uniform branded experience. They can expect our locations to be on the best lot, on the best block, and the best street of each respective neighborhood, within steps of the most sought-after restaurants, retail, and nightlife. Now guests will also have the best and most flexible options to pay,”
StayTony will be the first ever short-term furnished, corporate housing company in the world to offer guests the chance to finance rentals of one to three months, without any interest for the first six months, and with no security deposit and only a “soft credit pull.”
The partner for the new platform is Uplift, an AI-driven, point-of-sale financing and technology company offering Pay Monthly options that make it easier for consumers to book and experience travel.
“People already finance one-time life events like weddings, medical procedures, and vacations all the time. We thought, why not finance the life event of relocating to a new city or moving for a temporary job assignment,” said Diamond.
“Based on our latest data, the average consumer loan to finance a one-time event is $8,206. That easily covers a two-month stay at a typical corporate apartment. With our new platform and interest rates as low as 10 percent, StayTony renters will only need the down payment of $237 to move in followed by 11 monthly payments of that amount, which would cover the cost of a one month stay at our lowest priced apartment ($2,580 per month). Other options, including interest-free financing for six months, are also available for qualified renters.”
Qualified renters can move in for a minimum initial payment of $237, removing the greatest barrier to entry for renters – coming up with first and last month’s rent and security deposit up front.
There is nowhere else in the world where you can currently move in for that rate and finance the balance of the rent.
StayTony currently has multiple locations in Los Angeles and Atlanta and plans to expand nationally to become the go-to name for the short term, corporate rental market.