First American Equipment Finance, an RBC / City National Company
Company Info
211 High Point Drive
Victor, NY 14564
Victor, NY 14564
Michael Clune
Primary Contact
First American Equipment Finance, an RBC / City National Company is a:
Last Update: 02/14/2025
Core Business Focus
First American serves the largest and most sophisticated commercial borrowers in the United States. First American serves customers in all 50 states and in Canada. First American is a wholly-owned subsidiary of City National Bank in Los Angeles, CA, and Royal Bank of Canada (NYSE: RY). Please see http://www.faef.com for additional information.
Company Type
Bank
Type of Funding Source/Buyer
Investor, Lender, Packager
Annual Volume Funded
2 Billion - 2.1 Billion
Credit Criteria
- Investment Grade
- Near Investment Grade
Transaction Size
Highest
Average
Lowest
$100,000,000.00
$15,000,000.00
$500,000.00
Lease Terms
Longest
Average
Shortest
7
5
2
Lease Structures
- Conditional Sale / Money-Over-Money
- Debt
- Equity
- Leveraged Lease
- Tax-Exempt Municipal Lease
- Operating Lease
- Sale / Leaseback
- TRAC
- Vendor Finance
Originates Paper?
Yes
Syndicates/Sells Paper?
Yes
- Upper Middle Market, Investment Grade, Not-for-Profit
Equipment Types We WILL Finance
- Agricultural
- Aircraft
- Automobile
- Broadcast / Video
- Buses
- Cable / Communications
- Emergency Vehicles
- Furniture / Fixtures
- Graphic Arts
- Intermodal
- Machine Tool
- Material Handling
- Medical
- Modular Buildings
- Packaging / Plastics
- Recreation / Fitness
- Recycling
- Renewable Energy
- Software
- Technology
- Trucks and Trailers
- Utility
- Waste Removal
Equipment Types We WILL NOT Finance
- Construction
- Gaming
- Laundry / Drycleaning
- Marine
- Mining
- Oil and Gas
- Project Finance
- Rail
- Restaurant
- Retail
Industry Financing Preferences
Healthcare, Education (Colleges & Universities), Technology, Insurance, Legal, Manufacturing, Food & Beverage
Accepts Soft Assets?
Yes
Lessor/ Broker Requirements
Not taking broker deals at this time.
ELFA Business Councils
Bank