Build-out Project 

Retailer Uses Financing to Spread Out Payments for Building Out New Stores

The Customer

Organization Type:
Grocery Retailer

New Jersey 

Project Scope:
Build-out for New Stores 

First American

  • Dedicated Project Manager
  • Competitive Rates, no fees
  • Lease management portal 
  • Industry leadership
  • Vendor-neutral 

The Challenge: 

To expand into a new market, this grocery retailer planned to open three stores. As company executives began to investigate financing options for the $3.5MM build-out project, they first looked to thier existing banking relationship. The company wanted to finance the entire project to spread the costs out over time, but the bank had little appetite for soft costs like construction. 

Given these circumstances, the company chose to initially pay for the project out of cash flow from operations, with the plan to investigate other options after project completion. 


Our Solution:

With the company's priorities in mind, we were able to create a customized solution for its complex, build-out project. We provided cash reimbursement for the entire project, including check-out counters, racking, refrigeration and other equipment, as well as related soft costs for the construction. 

We structured the solution as a 5-year capital lease with a competitive rate and no fees. 


Business Impact:

Our solution allowed the customer to spread payments out over time as the new stores ramped up. Additionally, the customer enjoyed the ease of working with us. From our simple contract and easy documentation to our dedicated Project Manager model, our services helped alleviate a significant administrative burden. This freed up time for the customer, allowing them to focus on operations and plan for further expansion. 

Our services include much more than just build-out financing... 

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