9707 Old Georgetown Road
Bethesda, MD 20814
Since opening in 1996, Maplewood Park Place has redefined retirement living for active adults 62 and older. A resident-owned cooperative community, the Maplewood experience features abundant activities, pristine amenities and first-class dining, all easily accessible, as well as 24/7 security and concierge services and a highly attentive, engaging staff
Named “Best Senior Living Community” by Bethesda Magazine readers in 2021 for the 12th consecutive year, Maplewood Park Place is a vibrant senior living community offering homeownership, an independent lifestyle and a full continuum of care “all under one roof.”
When seniors are ready to move into a retirement community like Maplewood, they often need the proceeds from selling their current home to finance their new residence, says Maplewood Director of Sales and Marketing Michelle Michaels. A form of short-term lending, private bridge financing can help provide new Maplewood residents a seamless transition into the community. Bridging the gap between selling one’s current home and moving into a retirement community, it could be the key to buy-in for many, says Michaels.
“For example, with as little as $60,000 down, depending on the size of the apartment you select, you can secure your new home while having up to a year to sell your current home,” says Michaels.
Private bridge financing is a highly affordable option that allows new residents to keep their assets or investments until it’s the right time to sell, avoiding hefty, potentially unmanageable capital gains taxes. And, unlike a commercial loan, which can be a tiresome process requiring considerable paperwork and approval, private bridge financing requires only the seller’s approval — based on the buyers’ credit score, financial summary, offer and information on their home sale.
“It’s an easy process that can reduce the stress of moving, offering the gift of time to transition, at your own pace, into your new life,” says Michaels.