MBJ_Jun15_2018

Page 1

INSIDE — Fair Housing Act’s 50th anniversary to be observed — Page 2

www.msbusiness.com

WEATHERLY:

June 15, 2018 • Vo. 40 No. 24 • 24 pages

ECONOMIC DEVELOPMENT

What this country really needs — Page 3

MBJ FOCUS

Law & Accounting {Section begins P10}

» Artificial intelligence a game changer for the practice of law

{The Lists P12-14} » Chambers USA Lawyers 2018 » Oldest Law Firms

HVCRE Exemptions – revised as of May 24, 2018 1-4 family residential, community development, or agricultural land Acquisition of performing projects

Rehabilitation of adequately cash-flowing existing projects

Do not “primarily” finance or refinance a project

From Oprah.com

The cast of ‘Welcome to Sweetie Pie’s,’ which just completed its seventh and final season on OWN, may bring their real restaurant concept to Jackson.

STAY TUNED: See what restaurant will be next in downtown Jackson By JACK WEATHERLY jack.weatherly@msbusiness.com

Do not depend on future income or sales for repayment

Not secured by real estate

Closed prior to January 1, 2015. 15% equity (to remain in project until “permanent” loan); LTV within FDIC supervisory limits 12 CFR Part 324; Pub.L. 115-174. Commercial Finance 701, June 12, 2018. Ben Williams and Molly Jeffcoat Moody.

Commercial Finance 701

» Real estate loans – HVCRE revisited {P2}

The first-floor space at the northwest corner of the Plaza Building at 120 N. Congress St. has been vacant since October 2015 when La Finestra, an Italian cuisine restaurant, closed. Now it appears that could soon change. The for-lease signs have been taken from the windows. And there is a buzz about the

rumored leasee. That would be Sweetie Pie’s, a soul food restaurant with a following amplified by a reality television show based on a family that runs restaurants called Sweetie Pie’s. Tim Norman, a member of the cast of the lively reality show “Welcome to Sweetie Pie’s,” was seen recently looking over the Plaza Building property. Efforts to reach someone connected with the show and the restaurant enterprise for

this article were unsuccessful. The reality of the show is an African-American family that has a soul food restaurant empire. The last episode of the seven-year-old series aired last Saturday on the Oprah Winfrey Network. The matriarch of the show is Robbie Montgomery, a native of Mississippi whose

http://msbusiness.com/events/health-care-heroes/

See RESTAURANT, Page 4


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