christenson communities

Financing Options

 

We want to make moving into a Christenson Community as simple and worry free as possible.


With several flexible and affordable options, Christenson will work with you to find the best financing options to meet your goals, lifestyle and budget.

01. Life Lease

Choose our Life Lease option when you want the peace of mind knowing your investment into a Christenson Community is safe.

Life Lease provides residents with a guaranteed locked-in return on your condo, regardless of the current market. With this option, you only pay operating costs.

02. Partial Life Lease

This flexible option gives the Life Lease benefit of a guaranteed investment with a partial investment loan, while paying a reduced monthly rent.

This is a great option for those who are looking to both have a safe investment and lowered monthly payment.

03. Rental Options

Some Christenson suites are also available to rent.

This is a great option for Supportive Living Residents and for those who are new to Senior Living.

Understanding Your Needs Now, and In The Future

Choosing A Seniors Community

Surprisingly, not all seniors communities are the same, and it is important to find a place with the amenities, programs, and services that will meet your needs today, as well as in the future.

With options for Independent LivingSupportive Living, and Assisted Living, there is a lifestyle option for you! There are so many options when it comes to your senior housing needs.

Available Services

• Around the clock medical support ranging from moderate to complex
• On-site Eldercare Physician support
• On-call Physician support
• On-call RN support
• 24/7 Nursing care
• Specialized Geriatric Assessments
• Pharmacy consultation
• Medication management
• Diabetic management
• Recreation services
• Assistance with bathing
• Assistance with dressing and grooming
• Housekeeping
• Dining assistance and special diets
• Assistance with reminders and redirection
• Escorts and assistance with walking

Choosing A Community (what to look for)

• A full spectrum of services and care, from independent and assisted living through enhanced supportive living

• Specialized services for residents with individual needs, including memory care
(dementia care and Alzheimer’s care)

• Strong partnerships with other community based health care/service providers that support the lifestyle option of having homecare. See our Private Care and Health Services pages for more information about our homecare services.

• Strong ties to the community and easy access to community based events,programs, and facilities for Active Adults and for those that want to become more active.

• A team of trained professionals committed to supporting senior lifestyles and seniors care

• A history of providing quality housing and services to the community. Seniors Rentals and Life Lease options available.

Private care services available to all residents in the community

Our Growth

By The Numbers

Christenson Communities has over 1,500 Retirement Living Suites located in Edmonton, Sherwood Park, St. Albert, Red Deer, Lacombe and Rocky Mountain House. Many of these Communities are integrated into Christenson’s innovative “Urban Village” concept.

These sustainable communities are planned with the future in mind, and offer active adults a choice of housing styles in a centrally located village with shopping, transit, and professional services situated around public parks and linear walkways.

# of Living Suites

The Numbers

How It All Works…

Below we will explain, with examples, each Financing Option, in order to answer any questions you may have regarding your specific goals and situation.

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Life Lease

The Life Lease is an option for our Residents to reduce their monthly costs. 

Many of our residents leverage equity from investments/savings or the sale of their home to save substantially during their stay.

Available Services

• Around the clock medical support ranging from moderate to complex
• On-site Eldercare Physician support
• On-call Physician support
• On-call RN support
• 24/7 Nursing care
• Specialized Geriatric Assessments
• Pharmacy consultation
• Medication management
• Diabetic management
• Recreation services
• Assistance with bathing
• Assistance with dressing and grooming
• Housekeeping
• Dining assistance and special diets
• Assistance with reminders and redirection
• Escorts and assistance with walking

Life Lease Example

The following is an example of a 100% Loan towards a Suite Value of $350,000

Rent Calculation Breakdown:

Suite Value 350,000$
100% Loan 350,000$
Net Rent = 0.00$/mt

Total Monthly Cost Breakdown:

Net Rent/mt 0.00$
Op Costs/mt 925$
Total Monthly Cost = 925$

Operating Costs include: 

Property Taxes, heat, water, gas, sewer, power, cable, Internet, building insurance, exterior and interior maintenance and repair.  Only your telephone is your extra expense.

(P.S.  You won’t have to change another lightbulb ever again!)

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Partial Life Lease

The Partial Life Lease Option is for Residents who do not put down the full amount of the suite, and thus will have a monthly cost associated with their stay.

With this option, many Residents still leverage investments/savings and their principle residence sale.

Available Services

• Around the clock medical support ranging from moderate to complex
• On-site Eldercare Physician support
• On-call Physician support
• On-call RN support
• 24/7 Nursing care
• Specialized Geriatric Assessments
• Pharmacy consultation
• Medication management
• Diabetic management
• Recreation services
• Assistance with bathing
• Assistance with dressing and grooming
• Housekeeping
• Dining assistance and special diets
• Assistance with reminders and redirection
• Escorts and assistance with walking

Partial Life Lease Example

The following is an example of a Partial Loan towards a Suite Value of $350,00

Rent Calculation Breakdown:

Suite Value 350,000$
Partial Loan Amount <200,000$>
Difference 150,000$
Annual Interest x8%
Net Rent = 1000$/mt

 

Total Monthly Cost Breakdown:

Net Rent/mt 1,000$
Op Costs/mt 925$
Total Monthly Cost = 1,925$

 

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Rental Option

The rental option is utilized for those Residences who want to ‘dip their toes in the water’ without the Longer-Term commitment of a Full or Partial Loan.

This option will result in a higher monthly payment on your stay.

Available Services

• Around the clock medical support ranging from moderate to complex
• On-site Eldercare Physician support
• On-call Physician support
• On-call RN support
• 24/7 Nursing care
• Specialized Geriatric Assessments
• Pharmacy consultation
• Medication management
• Diabetic management
• Recreation services
• Assistance with bathing
• Assistance with dressing and grooming
• Housekeeping
• Dining assistance and special diets
• Assistance with reminders and redirection
• Escorts and assistance with walking

Rental Option Example

The following is an example of a Rental plan towards a Suite Value of $350,00

Rent Calculation Breakdown:

Suite Value 350,000$
Annual Interest x8%
Net Rent = 2,333$/mt

 

Total Monthly Cost Breakdown:

Net Rent/mt 2,333$
Op Costs/mt 925$
Total Monthly Cost = 3,258$

 

Important Additional Terms

Security of Loan Funds:

A Trust Agreement with a security corporation is established to manage these loan funds. 

Queuing Effect:

Less than 6% of the total number of Life Leased suites in the community must be available for release at any one time, to avoid depressing the suite values.

Release Fee:

The Release Fee is used to remarket the suite and to repair any regular wear and tear.

Thirty days after the Ninety day Notice of Termination, the Resident or the Estate will be refunded the Loan Amount paid less the 8% Release Fee.  This gives the resident the freedom to relocate without having to worry about the real estate market and there will be no real estate commissions or legal fees.

Get In Touch

Christenson Communities proudly offers award winning Independent Living, and Supportive Living lifestyle options!

Contact us for more information about our communities across the province.

Click Here for those details.