First Continental finances a portion of the cost to build a residential subdivision, including but not limited to, land purchase, infrastructure construction, engineering, third party reports, taxes, insurance and other soft and indirect costs. The borrowing entity is a single asset, single purpose entity created specifically to own and build a particular residential subdivision or to purchase finished lots. There is no recourse outside of the single asset, single purpose borrowing entity. Residential subdivision projects are presold to production home builders and are typically marketed to entry level home buyers or to the first time move-up market. First Continental can also assist with structuring lot sales contracts, home builder referrals, equity and mezzanine sourcing, as well as residential land and lot sales.