Sean Murphy's (coast0downlender) Blog

Mississippi welcomes and supports business ventures that create new opportunities for its people. You can see it in the incentives and tax advantages offered. You can see it in the attitudes of leaders. And you can see it in the success ratios of new and expanding businesses. Why Mississippi? Acc...

GOVERNOR BARBOUR SIGNS BILL APPROPRIATING $25M TO DEFRAY REINSURANCE COSTS   (JACKSON, Mississippi) –Governor Haley Barbour today signed legislation that gives the state Department of Insurance the authority to transfer $25 million to the Mississippi Windstorm Underwriting Association to defray ...

$200 MILLION SET ASIDE FOR CRITICAL RECOVERY PROJECTS IN HANCOCK COUNTY   ‘Ground Zero’ projects eligible to apply for CDBG funding   (BAY ST. LOUIS, Mississippi) – Governor Haley Barbour today was joined by U.S. Senator Roger Wicker and U.S. Rep. Gene Taylor to announce that $200 million in fede...

05/15/2007     Harrah's Plans New Mississippi Casino Harrah's Plans New Mississippi Casino       Casino giant Harrah's Entertainment Inc. said Tuesday it planned to open a Margaritaville Casino & Resort in Biloxi, Miss., with songwriter Jimmy Buffett, which it said would be the largest developmen...

Biloxi, Mississippi: Alive and thriving By J.D. Biersdorfer STORY HIGHLIGHTS Mary Mahoney's Old French House reopened within three months of Katrina Hard Rock Hotel & Casino Biloxi is one of the city's newest additions The Beauvoir Jefferson Davis Presidential Library and Home reopens in June (B...

Special Event - Smokin' the Sound 3rd Annual  Smokin' the Sound April 2-6, 2008This exciting extended-weekend event boasts spectacular parties, great local entertainment and the best in offshore racing with over 40 boats in 5 categories! OSS CAT boats & other boat categories clock anywhere from 1...

The power of depreciation is that it is a great way for investors to boost buying power by reducing taxes.  Lets take for example a $140,000 go zone purchase.  Generally the land basis is 20% so say $28,000.  That leaves $112,000 times 50% or $56,000 of depreciation for the first year if you choo...

  Are you a builder or developer who is looking for the best lender for your buyers and investors?  Look no further.  Call Sean Murphy at Community First Bank.  We are a financially strong federal savings and loan with our own in house processors and underwriters for quick turnaround times.  Call...