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Tag Archives: real estate

COMMERCIAL FINANCE 701 — Loan guaranties: Skin in the game

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M any a furl-browed borrower has questioned a bank’s need for guaranties.  The borrower – excited about his can’t-miss venture – may be slightly offended that the bank even thinks a guaranty is necessary and, contradictorily, hesitant to put his net worth on the line.  Today’s bank – making loans at historically low rates but all too cognizant of several ...

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READY TO ROLL — House building on verge of breakout in Mississippi

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By JACK WEATHERLY  The housing market in the Jackson area and across the state is in the first phase of a rise in construction. Residential permits in Mississippi for one- and two-unit dwellings rose 15.7 percent for the first four months of 2015 compared with the corresponding period last year, according to the U.S. Census Bureau on Wednesday. Several factors ...

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A caution light for Pearl, Ridgeland on land-use?

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Supreme Court decision could be obstacle to cities’ efforts to redo rental property law By TED CARTER The May 14 Mississippi Supreme Court ruling in a Richland mobile home park case reinforces the belief that state and constitutional law protects non-conforming land uses, says the lawyer who won the case and others who watched it closely. The lawyers were not alone ...

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COMMERCIAL FINANCE 701 — Tax credits: key programs and select acronyms

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T ax credit programs cannot be credited with the conception of the term “acronymophobia” – an irrational fear of acronyms – but the phobic population grows with each new program.  Three popular tax credit acronyms for developers are LIHTC, NMTC and HTC. These letters represent incentive programs, which account for about $8.5 billion of annual U.S. credited federal taxes. All ...

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COMMERCIAL FINANCE 701: Basel III, HVCRE & real estate loans

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  Sitting atop the Alps, Switzerland managed to eschew both World Wars, flout the fluctuating Euro, and fleece wide-eyed tourists with opened arms.  Of late, however, the multilingual country has exported more than chocolate: from Lausanne, the controversial Iranian nuclear treaty negotiations, and, more on point for us, from Basel, Switzerland, a series of confounding financial regulations innocuously referred to ...

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Beth Hansen: A healthy real estate market means a healthy economy

    In a recent meeting with Beth Hansen, CEO of the Mississippi Association of Realtors, we discussed Mississippi’s real estate market and its recovery from the shock of the housing crisis. “A healthy real estate market generally means a healthy and growing economy,” she said.  “And while we still have significant challenges, we’re seeing a good recovery from the ...

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Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere

By TED CARTER Such Mississippi cities as Ridgeland and Pearl are fed up with multi-family residential complexes to the point they want to retroactively zone them out of existence. But the market for such developments across Mississippi and the rest of the South is white hot and likely to grow even hotter, said commercial real estate brokers and financial professionals who ...

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(WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson

By JACK WEATHERLY Two years after HRI Properties announced that it would convert historical, vacant buildings into 31 loft apartments in the 200 block of West Capitol Street in Jackson, it said on Tuesday it will move forward with the project now that it has the funding. The delay was caused by the unavailability of tax credits, said Joshua Collen, ...

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Jackson issues RFP in 3rd try for convention center hotel developer

The Jackson Redevelopment Authority is taking a third swing at getting a convention center hotel built. With the backing of Jackson Mayor Tony Yarber, the JRA late last month issued a Request for Proposals for a hotel of at least 300 rooms on Pascagoula Street across from the Jackson Convention Complex, an approximately 300,000 square-foot conventions and meetings center which opened ...

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