Jernigan Capital Announces Dividend for Fourth Quarter 2015

Jernigan Capital Announces Dividend for Fourth Quarter 2015 MEMPHIS, Tennessee, November 10, 2015 / Business Wire / Jernigan Capital, Inc. (NYSE:  JCAP) announced that its Board of Directors declared a cash dividend of $0.35 per share of common stock for the quarter ending December 31, 2015. The dividend is payable on January 15, 2016 to stockholders of record on January 1, 2016. About Jernigan Capital, Inc. Jernigan Capital is a preferred capital source for self-storage entrepreneurs, providing debt and equity capital to private developers, owners and operators of self-storage facilities. Through its national network of contacts developed by its business development team led by Dean Jernigan, a 30-year industry veteran, Jernigan Capital originates self-storage capital solutions for the ground-up construction of self-storage facilities or major self-storage redevelopment opportunities, as well as for the acquisition of, refinancing of existing indebtedness on, or recapitalization of existing self-storage facilities. Jernigan Capital intends to elect to be taxed as a real estate investment trust and is externally managed by JCap Advisors, LLC. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding our loan pipeline, anticipated loan closings and future funding of existing loan commitments. The ultimate occurrence of events and results referenced in these forward-looking statements is subject to known and unknown risks and uncertainties, many of which are beyond our control. These forward-looking statements are based upon the Company’s present intentions and expectations, but the events and results referenced in these statements are not guaranteed to occur. Investors should not place undue reliance...

Jernigan Capital Announces Results for the Quarter Ended September 30, 2015

Jernigan Capital Announces Results for the Quarter Ended September 30, 2015 MEMPHIS, Tennessee, November 9, 2015 / Business Wire / Jernigan Capital, Inc. (NYSE:  JCAP) today announced results for the quarter ended September 30, 2015.  Highlights include: Closed $64.4 million of loan commitments during the quarter, bringing aggregate loan commitments since IPO to $138.9 million at quarter-end Executed term sheets for an additional $74.9 million during the third quarter, with aggregate investments subject to executed term sheets totaling $153.3 million at November 9, 2015 Consolidated offices in Memphis, Tennessee and completed hiring and integration of highly-experienced management team “We are very pleased with our high volume of quality investment opportunities since our IPO, and we have quickly and effectively responded to this opportunity by rapidly assembling a highly-experienced team in our consolidated Memphis headquarters with no disruption to our momentum,” commented Dean Jernigan, Chairman and Chief Executive Officer of Jernigan Capital, Inc.  “At quarter-end, we had approximately $117.0 million, or 106% of our IPO net proceeds, committed to high-demographic development investments with 49.9% profit participations.  We currently have total closed loan commitments and executed term sheets for new loan commitments aggregating $302.1 million and a pipeline of approximately $359.1 million of additional projects currently in underwriting.   We believe we have built a platform that can accommodate asset growth to a level in excess of $1.0 billion with minimal incremental cost.” The following table reflects the Company’s investment activity since its IPO: # of Loans Development Other Total Closed Commitments – Q2 10 $68,468 $5,982 $74,450 Closed Commitments – Q3 9 48,669 15,772 64,441 Closings since Quarter End 2 8,657...