Flexible Leasing Solutions for Community Center 

YMCA of Greater Rochester

Athletic Equipment Financing

 

Organization:
YMCA of Greater Rochester

Location:
Rochester, NY

Project Scope:
Fitness Equipment Financing and Construction Soft Costs

First American

  • Flexible lease structure
  • Ability to release milestone payments
  • Competitive rates, no fees
  • Vendor-neutral
  • Nonprofit expertise
  • FA | Experience project financing hub
 


Challenge:

When the YMCA of Greater Rochester was building its new state-of-the-art facility, it needed to ensure that the equipment in that facility stayed up to date to meet the community’s needs. Given the heavy use of fitness equipment, they needed a solution that would allow them to regularly update their equipment to combat the unavoidable wear and tear of the machines.


Solution:

Since First American has worked with the Y since 2017, we understood the mission of the organization and what they were trying to achieve with the new facility. Together, we were able to create a sustainable renewal program to regularly refresh the equipment every 3 years. Due to the affordability and flexibility of this program, the Y was able to also finance additional amenities for their members including towel tracking and hydromassage chairs, as well as the soft costs for the construction of a Kid’s Adventure Depot.

Leasing works for us because it provides us the cashflow needed to continually update our equipment.

Paul LeFrois, Jr., CFO
YMCA of Greater Rochester

 


Companies like First American get our mission; they get the community responsibility that we have.

George Romell, CEO
YMCA of Greater Rochester

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