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Adapting to changing market conditions



Case Study: 


Bernard Weiner, Managing Member 


Can Am Development LLC 


Phoenix, Arizona 


Problem: The “Great Recession” that peaked in 2009 was devastating to the real estate industry. Can Am Development’s shopping center property in Dallas was hit even harder when an anchor tenant moved out. Other tenants soon followed and the center was left mostly empty. That left Can Am with very little cash flow, but it didn’t mean they could take a break from paying property taxes on the development. With little income plus a bank loan and property taxes to pay, there was almost no money left to remodel the center for new tenants. 


Solution: Mr. Weiner turned to Propel to pay the property taxes and set up an affordable payment plan for the development company. That decision immediately freed up cash flow for Can Am to use for improvements and tenant buildouts. In turn, the shopping center was in a much better position to attract new tenants and rebuild its cash flow and overall financial viability. 


Result: Can Am Development continues to take advantage of Propel’s property tax solution, which has become a helpful tool for managing cash flow. Instead of one or two lump-sum tax payments to the county tax office, the company can now spread the payments out for longer periods of time. With monthly cash flow so critical to any business, this approach has proven to be a game changer for Bernard Weiner’s company. 


What You Need to Know 


A flexible property tax financing plan can be a useful tool for ongoing cash flow management, not just for emergencies. Spreading out your property tax payments could help smooth your company’s cash flow significantly. 


About Propel Financial Services 


Propel Financial Services offers property tax payment solutions direct to property owners in Texas and Nevada, creating affordable and flexible payment plans for people with delinquent property taxes. Propel also works closely with municipalities and government officials nationwide to find solutions to unpaid property taxes. Propel Financial Services is a wholly owned subsidiary of Encore Capital Group. 



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