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About Mercy

Financial Options

McAuley Terrace Apartments offer four financial options designed to accommodate individual retirement plans:

 

 Option 1

Option 2

Option 3

Option 4*

The entrance fee is...

Lower

Standard

Higher

Zero

The monthly fee is...

Higher

Standard

Standard

Higher

Entrance fee refund is amortized at...

20 percent per year over five years; payable upon reoccupation of unit

20 percent per year over five years; payable upon reoccupation of unit

10 percent over five years; plus 50 percent guaranteed refund; payable upon reoccupation of unit

N/A

*Option 4 includes:

  • Six-month lease
  • No free days at the Care Center
  • No discounted rate at the Care Center

The fees shown include all the services listed in the brochure except those which specify an additional fee. The monthly fee includes the noon meal daily and all utilities with the exception of phone and cable service.

The entrance fee is based on the size of the apartments. The fees stated are minimum amounts—a larger entrance fee may be paid which will reduce the monthly maintenance fee accordingly.


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