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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.

Hear From Our Clients

Nonprofit | Facility Buildout

Financing Closes the Funding Gap for New YMCA Branch

Fast Facts

Industry

Nonprofit

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Organization

YMCA of Greater Rochester, NY

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Client Since

2015

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Equipment Financed

$1,500,000+ in cardio and strength equipment, three-story play area for kids, hydromassage chairs, and towel dispensers

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Financing Structure

3-year $1 buyout lease

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Industry Specific Fact

The Rochester YMCA was founded in 1855.

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Industry

Nonprofit

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Organization

YMCA of Greater Rochester, NY

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Equipment Financed

$1,500,000+ in cardio and strength equipment, three-story play area for kids, hydromassage chairs, and towel dispensers

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YMCA Seeks Additional Funds for State-of-the-Art Facility

When the YMCA of Greater Rochester was building their new 140,000-square-foot state-of-the-art facility, they needed access to funds beyond what was collected during their capital campaign for the project. Specifically, they needed funding for the soft costs of a three-story play area for kids after the vendor requested milestone payments to begin the 10-month offsite construction. Additionally, the Y sought to finance cardio and strength equipment at the new facility, which needed to be updated regularly due to unavoidable wear and tear.

“First American understood our mission and our immediate needs.”

– Paul LeFrois, Jr., CFO, YMCA of Greater Rochester

“Leasing works for us because it gives us the cash flow needed to continually upgrade equipment.”

-– Paul LeFrois, Jr., CFO, YMCA of Greater Rochester

Flexible Financing Solution Covers Both Equipment and Soft Costs for New Branch

First American worked alongside the YMCA to understand the nonprofit organization’s mission and goals for the new facility—proposing a bridge financing solution and funding the milestone payments needed to start offsite construction of the kids’ play area. To help streamline the process, First American assigned a dedicated Project Manager who worked with the vendor to ensure the project was finished in time for the facility’s grand opening. 

 

With the affordability and flexibility of the lease program, the YMCA also financed additional amenities for members, including cardio and strength equipment, towel tracking machines, and hydromassage chairs.

 

To manage all of these important investments, the YMCA leverages their online account to track hundreds of assets across 13 branches in the Greater Rochester area.

YMCA Seeks Additional Funds for State-of-the-Art Facility

When the YMCA of Greater Rochester was building their new 140,000-square-foot state-of-the-art facility, they needed access to funds beyond what was collected during their capital campaign for the project. Specifically, they needed funding for the soft costs of a three-story play area for kids after the vendor requested milestone payments to begin the 10-month offsite construction. Additionally, the Y sought to finance cardio and strength equipment at the new facility, which needed to be updated regularly due to unavoidable wear and tear.

“First American understood our mission and our immediate needs.”

– Paul LeFrois, Jr., CFO, YMCA of Greater Rochester

 

Flexible Financing Solution Covers Both Equipment and Soft Costs for New Branch

First American worked alongside the YMCA to understand the nonprofit organization’s mission and goals for the new facility—proposing a bridge financing solution and funding the milestone payments needed to start offsite construction of the kids’ play area. To help streamline the process, First American assigned a dedicated Project Manager who worked with the vendor to ensure the project was finished in time for the facility’s grand opening. 

With the affordability and flexibility of the lease program, the YMCA also financed additional amenities for members, including cardio and strength equipment, towel tracking machines, and hydromassage chairs.

To manage all of these important investments, the YMCA leverages their online account to track hundreds of assets across 13 branches in the Greater Rochester area.  

“Leasing works for us because it gives us the cash flow needed to continually upgrade equipment.”

-– Paul LeFrois, Jr., CFO, YMCA of Greater Rochester

 

The results

A Healthy Relationship: First American and YMCA Build Long-Term Financing Strategy for Fitness Upgrades

The results

A Healthy Relationship: First American and YMCA Build Long-Term Financing Strategy for Fitness Upgrades

140,000

square-foot, state-of-the-art facility

Following its grand opening, the 140,000-square-foot, state-of-the-art facility exceeded expectations of its local Rochester community. The new branch was approximately four times the size of the prior location, offering ample new amenities to YMCA members.

800+

pieces of fitness equipment financed

Since 2015, the YMCA of Greater Rochester has relied on First American to upgrade more than 800 pieces of fitness equipment across their 13 locations. 

With the asset renewal program, the YMCA refreshes fitness equipment every three years, which allows them to fulfill their commitment to members while successfully addressing the needs of the broader community.

PDS Plans for Growth and Seeks Scalable Financing Strategy

Pacific Dental Services (PDS) is one of the country’s leading Dental Service Organizations (DSO), with 900 supported offices nationwide and plans to add 500 more by 2024. Given the significant costs associated with this type of rapid growth, the organization needed to secure additional capital. They sought a financing strategy that would diversify their funding sources and could scale up with their business. 

“As CFO of Pacific Dental, one of my biggest challenges is to provide enough capital to enable our growth.”

– Taylor Hawes, CFO

A Custom-Fit Financing Strategy with Asset Management Capabilities

After taking time to understand PDS's growth strategy, First American developed a payment structure that aligned with their office expansion plans. They customized a leasing solution for DeNovo equipment packages and facility upgrades, including technology hardware and CBCTs. These investments will enable PDS to scale to 1,400 offices in the next few years, all while maintaining an organized and practical capital structure. 

Managing the implementation, documentation, and deployment of thousands of assets across hundreds of locations can be complex, but PDS has come to rely on First American to help make the process simple and streamlined. Specifically, the organization appreciates having a dedicated Project Manager who they consider to be an extension of their team, and using FA | Experience—First American’s digital lease management platform—to track thousands of assets across 25 states.  

“It's great to have a relationship with someone that understands our business, our markets, our offices, and the industry, that can walk alongside us as we continue to grow. I'm so thankful that First American is there with us on our journey.”

-– Taylor Hawes, CFO

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Financing for What's Next

What could you do with more funding?

From capital projects to equipment purchases, learn how First American can help fund your organization's needs.