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Leasing & Financing

Whether you are a business executive looking to invest in new equipment or a vendor seeking financing options for your clients, you can leverage flexible financing through First American.

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Case Studies

See firsthand how organizations have achieved their goals with customized financing from First American.

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Logistics & Distribution | Warehouse Upgrade

Leasing Fuels Ongoing Growth for 3PL Powerhouse

Fast Facts

Industry

Logistics & Distribution

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Organization

East Coast Warehouse, Elizabeth, NJ

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Client Since

2019

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Equipment Financed

Fleet vehicles, HVAC, cold storage, facility buildout costs

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Financing Structure

Facility lease line – Fixed Purchase Option + $1 buyout

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Industry Specific Fact

Recognized on Food Logistics’ Top 3PL and Cold Storage Providers list for over 10 years

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Industry

Logistics & Distribution

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Organization

East Coast Warehouse, Elizabeth, NJ

Building Icon

Equipment Financed

Fleet vehicles, HVAC, cold storage, facility buildout costs

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Logistics Leader Faces Fast-Growing Demand

East Coast Warehouse (ECW) is a top 3PL provider serving the food and beverage industry, located near major ports in New York and New Jersey. A leader in the 3PL market, the company has experienced massive growth through the years and needed to upgrade existing facilities to meet rising demand. 

Specifically, they sought to acquire new fleet vehicles, cold storage, and HVAC to replace old equipment and ensure that their temperature-controlled warehouses—a cornerstone of their continued success—remain state-of-the-art. 

While ECW had an existing relationship with their primary bank, they were interested in diversifying their funding sources and wanted to explore the flexibility offered by other financing providers for their upcoming acquisitions.

A leader in the 3PL market, the company has experienced massive growth through the years and needed to upgrade existing facilities to meet rising demand.

“Our team... [is] wonderful at First American... They are helpful and very responsive... They keep everything well documented and well organized for us and our files! We would recommend First American to anyone in a heartbeat!”

– Corporate Controller, East Coast Warehouse

Custom Lease Line + Flexible Features = Winning Warehouse Upgrades

After being introduced at an industry conference, ECW collaborated with First American on a custom financing strategy that addressed their unique objectives as a rapidly growing 3PL leader. To cover both their current needs and long-term priorities, ECW leveraged a lease line that could be used for a variety of assets and project types across different warehouse locations. 

 

ECW appreciated First American’s flexible features, such as the ability to finance up to 100% of project costs, transparent terms with no hidden fees, progress payments, and deferred funding options that allowed them to lock in their rates. Plus, they valued the relationship and trust built with their First American team—whose specialization in the logistics and distribution industry enabled them to make knowledgeable recommendations and share insights throughout the process.

Logistics Leader Faces Fast-Growing Demand

East Coast Warehouse (ECW) is a top 3PL provider serving the food and beverage industry, located near major ports in New York and New Jersey. A leader in the 3PL market, the company has experienced massive growth through the years and needed to upgrade existing facilities to meet rising demand. 

Specifically, they sought to acquire new fleet vehicles, cold storage, and HVAC to replace old equipment and ensure that their temperature-controlled warehouses—a cornerstone of their continued success—remain state-of-the-art. 

While ECW had an existing relationship with their primary bank, they were interested in diversifying their funding sources and wanted to explore the flexibility offered by other financing providers for their upcoming acquisitions.

Custom Lease Line + Flexible Features = Winning Warehouse Upgrades

After being introduced at an industry conference, ECW collaborated with First American on a custom financing strategy that addressed their unique objectives as a rapidly growing 3PL leader. To cover both their current needs and long-term priorities, ECW leveraged a lease line that could be used for a variety of assets and project types across different warehouse locations. 

ECW appreciated First American’s flexible features, such as the ability to finance 100% of project costs, transparent terms with no fees, progress payments, and deferred funding options that allowed them to lock in their rates. Plus, they valued the relationship and trust built with their First American team—whose specialization in the logistics and distribution industry enabled them to make knowledgeable recommendations and share insights throughout the process.

“Our team... [is] wonderful at First American... They are helpful and very responsive... They keep everything well documented and well organized for us and our files! We would recommend First American to anyone in a heartbeat!”

-– Corporate Controller, East Coast Warehouse

The results

Cold Storage Investment Heats Up Productivity

The results

Cold Storage Investment Heats Up Productivity

70 million cu. ft.

of upgraded refrigerated warehouse space

By leveraging First American’s leasing solutions to acquire HVAC, cold storage, and fleets, ECW upgraded nearly 70 million cubic feet of refrigerated warehouse space—boosting their operational efficiencies and allowing them to remain at the forefront of the logistics and distribution industry. 

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schedules funded with First American

Since the relationship began, ECW has turned to First American to fund several other initiatives. As a result of making these critical investments, ECW can keep pace with the latest Food Safety Modernization Act (FSMA) mandates and maintain their Safe Quality Food (SQF) certification, which provides assurance that they are handling, storing, and transporting products according to the highest industry standards.

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