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.