NON-RECOURSE FINANCING FOR RESIDENTIAL LOT ACQUISITION AND DEVELOPMENT
We offer the best risk-reward structure for professional developers and homebuilders in the country
John Bonner
President
First Continental is a specialized private lending company with an exclusive focus on non-recourse financing for residential lot acquisition and development. Backed by permanent capital for over 30 years, with a unique, customer-oriented offering, we are proud to have successfully distinguished ourselves compared to regulated banks and hard money lenders.
We offer borrowers well-structured deals to suit their needs, quickly and efficiently, without placing their personal assets at risk.
Security in numbers Over 30 years in business
financed
across the U.S.
STRONG CUSTOMER RELATIONSHIPS ARE OUR FOUNDATION
We’ve grown our business through a simple approach; one handshake at a time.
We value long-term partnerships and have a tenured team with in-depth knowledge of lot development financing not found anywhere else in the industry.
Contact usOur customers
About Non-Recourse Financing
Non-recourse debt is a loan secured by a pledge of collateral for which the applicant is not personally liable. In an event of default, the lender can pursue its rights and remedies to the collateral for which it has a lien, but if the collateral sells for less than the debt, the lender cannot seek that deficiency balance from the individuals, partners, or sponsors associated with the loan.
Non-recourse financing is typically associated with real estate or other asset classes subject to higher risk of market volatility, longer project durations, and uneven revenue streams. Since most real estate is owned through a partnership structure, nonrecourse borrowing gives partners the ability to isolate the real estate ownership in a single purpose, single-asset entity where personal liability is limited to the value of the original equity investment.
At First Continental, we believe this non-recourse loan structure offers our customers a superior risk vs. reward return for each investment, while also aligning First Continental and its borrowers with the same mutual interest; seeing each project through from inception to completion with a successful outcome for all stakeholders.