How we compare

  • Best customer service First Continental
  • Banks
  • Indicative decision within just 15 minutes – close in as little as 30 days.
  • Slow decision makers, typically 2-3 months.
  • Expert team of long tenured, residential development specialists.
  • Generalist knowledge. High staff turnover.
  • Straightforward rate structure, best risk adjusted cost of capital.
  • Commercial interest rates.
  • No personal liability. Your personal assets NOT at risk (non-recourse).
  • Personal guarantees typically required. Your personal assets at risk if you default.
  • We work with you to bring flexibility and solutions whenever needed.
  • Inflexible and unable to adapt quickly when times get tough.
  • Best customer service First Continental
  • Hard Money
    lenders
  • Indicative decision within just 15 minutes – close in as little as 30 days.
  • Unreliable sources of funds.
  • Expert team of long tenured, residential development specialists.
  • Generalist knowledge. Lender here one day, gone the next.
  • Straightforward rate structure, best risk adjusted cost of capital.
  • High interest rates and fees.
  • No personal liability. Your personal assets NOT at risk (non-recourse).
  • Guarantees often required. Expensive pre-payment penalties and gotcha clauses.
  • We work with you to bring flexibility and solutions whenever needed.
  • Will foreclose quickly when times get tough.
  • Banks
  • Hard Money
    lenders
  • Best customer service First Continental
  • Slow decision makers, typically 2-3 months.
  • Unreliable sources of funds.
  • Indicative decision within just 15 minutes – close in as little as 30 days.
  • Generalist knowledge. High staff turnover.
  • Generalist knowledge. Lender here one day, gone the next.
  • Expert team of long tenured, residential development specialists.
  • Commercial interest rates.
  • High interest rates and fees.
  • Straightforward rate structure, best risk adjusted cost of capital.
  • Personal guarantees typically required. Your personal assets at risk if you default.
  • Guarantees often required. Expensive pre-payment penalties and gotcha clauses.
  • No personal liability. Your personal assets NOT at risk (non-recourse).
  • Inflexible and unable to adapt quickly when times get tough.
  • Will foreclose quickly when times get tough.
  • We work with you to bring flexibility and solutions whenever needed.
Contact us to discuss your project

Why We’re Different from Banks & Hard Money Lenders

Most regulated financial institutions, such as banks, have a difficult time providing quick responses and delivering the flexibility needed for lot development financing.

First Continental, on the other hand, offers quick decisions from loan application to loan closing, and all throughout the construction and sell out process. Decisions are made timely by a small group of expert professionals in Houston, TX.

Fast<br>Decision Making

Fast
Decision Making

Conversely, banks are often held hostage by layers of loan committees, out of town decision makers and regulatory limitations. The banking system has been difficult to count on during slow housing markets, with most banks abandoning the business following the last recession.

First Continental has been a consistent, reliable provider of financing not only through peak economic times, but also throughout the entirety of the Great Recession.

outstanding customer service

outstanding customer service

BORROWER PROFILE

Our borrowers are typically single-asset, single-purpose entities with experienced operators that have successful track records.

Lending criteria

We focus on entry-level to second-time move-up price points in metropolitan areas that have positive financial trends and available economic and housing data.

Prospective projects are preferably permitted and “shovel ready”, presold to production homebuilders where committed phasing can be completed and sold within 3 years.

The loan-to-cost/loan-to-value requirements are predominantly in the 60% to 75% range depending on the size & development characteristics of the project.

Our typical loan range is $1m-$12m. However, we do not focus on minimums or maximums but rather identifying high-quality operators for development of long-term relationships.

Next Steps

If your project aligns with our borrower and lending profiles, fill in the contact form or take 15 minutes to call us at 713-789-5099.

Contact us to discuss your project