Acquisition, Development, and Construction Loan Policy
The purpose of this Acquisition, Development, and Construction (ADC) Loan Policy Template is to address ADC loan products, underwriting, and related lending operations of a bank, credit union, fintech company, or other type of financial institution. In general, a financial institution’s ADC Lending Program is used to finance the land acquisition, land preparation, and construction of a single residential or commercial building. Also, the ADC Lending Program offers financing to a single or multiple phase development of many units.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Types of ADC Lending – Topic 3
- Construction Risk and Mitigation – Topic 4
- Market Conditions – Topic 5
- Acceptable Loan Types, Limits and Requirements – Topic 6
- Underwriting Requirements – Topic 7
- Audit Policy – Topic 8
- Staff Training – Topic 9
- Retention of Documentation – Topic 10
Recent updates to this product:
OCC Bulletin 2022-7 – Commercial Real Estate Lending: Revised Comptroller’s Handbook Booklet and Rescissions
This Acquisition, Development and Construction (ADC) Loan Policy Template (approximately 30 pages) is available to purchase from BankPolicies.com in Microsoft®Word format.
NOTE: The complete contents of this product are also included in the Commercial Real Estate Loan Policy Template.
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