An Acquisition, Development, and Construction (ADC) Loan is a specialized type of loan used to fund the acquisition of land, the development of building sites, and the construction of residential or commercial properties.
A Building Loan Agreement, also known as a Construction Loan Agreement, is an agreement whereby a lender advances money to a property owner at specified stages of a building project, such as completion of the foundation, framing, and other significant milestones.
A takeout loan is a type of long-term financing that replaces short-term interim financing, such as a construction loan, to repay the short-term loan and provide capital for further development or investment.
