What does acquisition loan mean?

acquisition loan meaning in Law Dictionary

Funds obtained from a strong to acquire property this is certainly typically individual from the building loan. Relate to purchase, development, and Construction (ADC).

acquisition loan meaning in Business Dictionary

cash borrowed being purchase real-estate. For instance, a developer can secure an acquisition loan purchasing some residential property and a construction loan to begin development thereon property. See in addition Acquisition, developing, and Construction (ADC) loan.