Industry: Legal

Build-Outs | Renovations | Expansions

Full-Solution Financing Through First American

A workplace that has it all needs the financing to do it all.

First American can help you create an extraordinary workplace. We build custom financing solutions to fit your needs, combining all costs into one straightforward lease.

Our full-solution financing for office renovations and expansions is tailored to meet your business
objectives—from project simplification and budget consistency, to tax savings and accounting benefits.

Improve Tax Efficiency

Expensing rental payments can create a greater tax shield than depreciation, resulting in a reduced tax burden.

Lease payments are recorded on your income statement, which means they are tax-deductible operating expenses.

Distribute Costs

Align the cost of the equipment with its use and evenly distribute buildout cost per partner per year.

Why shoulder 100% of the costs today when the tax benefits will be realized over time? A lease can help balance your cash flow while minimizing your tax expenses.

Avoid Phantom Income

First American's leasing structures eliminate phantom income drag.

When the tax depreciation of office improvements is less than the cash expense, it creates a higher taxable income compared to book income, meaning your equity partners will be taxed at a higher level. A lease program eliminates this phantom income drag.

Finance 100% of Costs

First American can finance all collateral involved, including installation and construction costs.

A lease line of credit can include all expenses related to a build-out, including both soft costs. Expenses such as architectural fees, construction, wiring and cabling, audio-visual setup and carpeting can all be included in a lease along with furniture and fixtures.

Finance 100% of Your Expansion or Renovation

Leasing Benefits

Improve tax efficiency
Distribute costs over time
Finance 100% of costs
Budget consistency
Finance costs from multiple vendors

Commonly Leased Equipment

Furniture and fixtures
Installation costs
Construction costs
Lighting
Telephone systems

Industry Expertise

First American has proven experience in financing expansion and renovation projects. We can provide customized solutions—from the straightforward purchase of computers and furniture to the complicated design and construction process of multifaceted, multi-location build-out projects.

AM 200
NY Law Firm

Multi-office renovation for leaseholds

$4.5 million

AM 100
DC Law Firm

New construction of headquarters

$27 million

325 Atty.
WV Law Firm

Buildout of new headquarters office space

$3.4 million

AM 100
MO Law Firm

Construction and IT equipment for multiple offices

$13 million

AM 100
CA Law Firm

Equipment for US and international offices

$5 million

AM 100
NY Law Firm

Furniture and IT upgrades for multiple office locations

$7 million

First American Commercial Bancorp, Inc. is a wholly-owned subsidiary of City National Bank. Deposit products and services are offered by City National Bank Member FDIC. City National Bank is a subsidiary of Royal Bank of Canada. For California clients: Loans made or arranged pursuant to a California Finance Lenders Law license. All trademarks are the property of their respective owners. Additional terms apply and can be found by visiting faef.com/terms.

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