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Tag Archives: refinancing

Pearl River Resort lands debt refinancing via Trustmark agreement

CHOCTAW — The Mississippi Band of Choctaw Indians has signed a debt refinancing agreement for the Pearl River Resort in Neshoba County and the Bok Homa Casino in Jones County. The new loan is for $78 million at a 6 percent variable rate for five years. The agreement was signed yesterday by Chief Phyliss J. Anderson and officials with Trustmark ...

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Investigation: Mayor Davis arranged city payments to developer after condo deal

SOUTHAVEN — Southaven Mayor Greg Davis co-owns an oceanfront Florida condominium with a developer who’s received more than $3.4 million through real estate deals with the city since 2008. The developer, Chuck Roberts, more popularly known as the public address announcer at the University of Memphis Tigers basketball games, bought the $500,000 luxury condo with Davis in 2006. An investigation ...

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Homeowners eligible for FHA loan program

BILOXI — Biloxi residents learned this week about an FHA loan program that will let them borrow up to $271,050 to buy, refinance or improve their homes. The Sun Herald reports the Federal Housing Administration 203(k) loan program is designed to rehabilitate the nation’s older homes. Bo Smith, a mortgage financing expert from Jackson, says many of the homes in ...

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Lexaria lands new financing

Lexaria Corp. completed an equity financing and restructuring that will support ongoing operations. After issuing 3.67 million new shares to complete the recent financing and partial debt settlement, Lexaria will have approximately 9.76 million shares issued and outstanding. There are a total of 500,000 stock options issued and outstanding. Lexaria reports its existing wells continue to produce oil at the ...

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