Jernigan Capital, Inc. Announces Pricing Of Public Offering Of Common Stock

Jernigan Capital, Inc. (NYSE: JCAP) (the "Company") today announced that it has priced an underwritten public offering of 2,650,000 shares of its common stock at a public offering price of $19.00 per share, for net proceeds, after the underwriting discount but before estimated expenses of the offering payable by the Company, of approximately $47.7 million.

The offering is expected to close on December 13, 2016, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 397,500 shares of common stock.

The Company intends to use the net proceeds from the offering to fund its development portfolio and for general corporate purposes.

Raymond James & Associates, Inc. and Jefferies LLC are acting as joint book-running managers for the offering and Robert W. Baird & Co. Incorporated and FBR & Co. are acting as co-managers.

This offering may only be made by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus related to the offering may be obtained by visiting the Securities and Exchange Commission's (the "SEC") website at or from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800) 248-8863, email:; and Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, telephone: (877) 821-7388, email:

The offering is being made pursuant to a shelf registration statement on Form S-3 that was declared effective by the SEC on June 24, 2016. A preliminary prospectus supplement relating to the offering was filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

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