Most ElderLife Bridge Loans are structured like a line of credit. You only draw down what you need on a monthly basis. While we approve you for the credit limit, you only pay interest on what you borrow and you only pay back what you drew down. However, if you need a large sum up front, ElderLife can structure the loan as an amortizing loan. A Financial Concierge® will work with you to determine the best structure for you.