Acquisition, Development, and Construction (ADC) loan

Definition

A loan which allows the borrower to purchase real property, put in the necessary infrastructure (streets, lighting, utilities), and then build stores or other buildings. In order to obtain an ADC loan, a developer must first find tenants willing to lease the space that will be available, such as stores. The developer must then secure takeout commitment. The developer can seek an ADC loan after these steps are completed. Acquisition, Development, and Construction loans are often used by developers of large properties, such as strip malls or shopping centers. See also acquisition loan, construction loan.

单词	Acquisition, Development, and Construction (ADC) loan
释义	Acquisition, Development, and Construction (ADC) loan Definition A loan which allows the borrower to purchase real property, put in the necessary infrastructure (streets, lighting, utilities), and then build stores or other buildings. In order to obtain an ADC loan, a developer must first find tenants willing to lease the space that will be available, such as stores. The developer must then secure takeout commitment. The developer can seek an ADC loan after these steps are completed. Acquisition, Development, and Construction loans are often used by developers of large properties, such as strip malls or shopping centers. See also acquisition loan, construction loan.
随便看	business mix business model business name business necessity business needs business operation business opportunity business owner business owner's policy business partner business performance management (BPM) business personal property business philosophy business planning business portfolio site audit site license site map site plan siting situated learning situational interview situational leadership situation analysis situation report (sitrep)