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JERNIGAN CAPITAL, INC. (NYSE:JCAP) Files An 8-K Entry into a Material Definitive Agreement

JERNIGAN CAPITAL, INC. (NYSE:JCAP) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01.

Entry into a Material Definitive Agreement.

On December 8, 2016, Jernigan Capital, Inc. (the Company),
Jernigan Capital Operating Company, LLC and JCAP Advisors, LLC
entered into an underwriting agreement (the Underwriting
Agreement) with Raymond James Associates, Inc. and Jefferies LLC,
as representatives of the several underwriters named in Schedule
I thereto (the Underwriters). to the terms and conditions of the
Underwriting Agreement, the Company agreed to sell 2,650,000
shares of its common stock, $0.01 par value per share (common
stock), at a public offering price of $19.00 per share. to the
terms of the Underwriting Agreement, the Company granted the
Underwriters a 30-day option to purchase up to an additional
397,500 shares of common stock. The common stock was offered and
sold to a prospectus supplement, dated December 8, 2016, and a
base prospectus, dated June 24, 2016, relating to the Companys
effective shelf registration statement on Form S-3 (File No.
333-212049). A copy of the Underwriting Agreement is filed
herewith as Exhibit 1.1 to this Current Report on Form 8-K and is
incorporated herein by reference. The summary of the Underwriting
Agreement set forth above is qualified in its entirety by
reference to Exhibit 1.1.

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
1.1 Underwriting Agreement, dated December 8, 2016, by and among
Jernigan Capital, Inc., Jernigan Capital Operating Company,
LLC and JCAP Advisors, LLC, and Raymond James Associates,
Inc. and Jefferies LLC, as representatives of the several
underwriters named in Schedule I thereto.
5.1 Opinion of Morrison Foerster LLP regarding the legality of
shares.
8.1 Tax Opinion of Morrison Foerster LLP with respect to REIT
qualification.
23.1 Consent of Morrison Foerster LLP (included in Exhibit 5.1).
23.2 Consent of Morrison Foerster LLP (included in Exhibit 8.1).


About JERNIGAN CAPITAL, INC. (NYSE:JCAP)
Jernigan Capital, Inc. is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings. It generates cash flows from construction loans and operating property loans in the form of a fixed interest rate and origination fees. It originates various loans, such as bridge loans and credit lines. It has development property investments in Orlando, Atlanta, Tampa, Chicago and Miami. Its operating property loans are located in New Orleans, Newark, Nashville, Sacramento and Chicago. The Company conducts its investment activities through Jernigan Capital Operating Company, LLC. The Company is externally managed and advised by JCap Advisors, LLC. JERNIGAN CAPITAL, INC. (NYSE:JCAP) Recent Trading Information
JERNIGAN CAPITAL, INC. (NYSE:JCAP) closed its last trading session down -0.05 at 19.14 with 68,697 shares trading hands.

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