It is a loan, based on securities or real estate as collateral, provided by a bank or banks Elderlife works with. The loan’s specific purpose is to help seniors choosing a retirement lifestyle in a Continuing Care Retirement Community, fund their entrance-fee while they work on the proper liquidation of assets or a sale of the home they are moving from.

Anyone is eligible to apply. Proceeds can be used for the benefit of seniors and non-seniors alike, who seek payment options to help pay the entrance-fees in Continuing Care Retirement Communities. While frequently you may see us referring to seniors throughout our website, please note our programs are available to seniors and non-seniors. Anyone over the age of 18, is eligible for both the Elderlife Capital Access Program and its benefits.

Your community knows you are busy. Banks today are big. They have long lines at times. They care but sometimes navigating a bank and having a bank follow through, may be time consuming. They ask Elderlife to ensure your experience with the bank providing the funding is smooth and simple. Elderlife is not paid by the banks it works with, nor is it paid for any loans made by a bank Elderlife connects you to. Elderlife’s services are a free service provided to you, and paid for, by Continuing Care Retirement Communities in the Elderlife network. Elderlife’s job is be your personal financial concierge through this process so you have a smooth experience.

Loan terms are competitive. They vary depending on your location, the type of collateral used, and the amount of the loan needed. You will not be obligated to sign anything or commit to anything, without first being told by the funding bank all the terms related to your loan.

Yes, you may pay what you can to the community at move-in as well as each month and finance the rest through the Elderlife CAP to close the gap until your home is sold.

The Elderlife CAP is available for Continuing Care Retirement Communities (CCRCs) who participate in the Elderlife Financial Services network.

To apply, contact an Elderlife Financial Services counselor at 1.888.228.4500 who will listen to your situation and ensure a bank representative follows up with you to help you complete an application. The bank will process your application and if approved, execute the funding. Elderlife will be by your side every step of the way.