Jernigan Capital — NAREIT Presentation (June 2015)
9 slides from Jernigan Capital's conference presentation, Jun 8, 2015
Slide 1: NAREIT Presentation
J ERN IGAN pay “Capital NAREIT Presentation
Slide 2: Disclaimer
2 Disclaimer About Jernigan Capital, Inc. Jernigan Capital is a commercial real estate finance company that provides financing to private developers, owners and operat ors of self - storage facilities. Jernigan Capital offers financing solutions for the ground - up construction of self - storage fac
Slide 3: Loan Origination and Structuring Process
3 Loan Origination and Structuring Process $10 million Development Cost $9 million Mortgage/Mezzanine Loans 6 year / 7.0% Interest Rate $1 million Developer Equity $2.7 million Junior Mortgage/ Mezzanine Loan(s) Retained with 14.0% Interest Rate Equity Participation 50% Cash flows, Refinancing, and
Slide 4: Closed Loans
4 Closed Loans City State Loan ($000) Loan Type Orlando FL 5,162 Development Detroit MI 3,182 Stable Refinance Miami FL 13,867 Development Miami FL 14,849 Development 37,060 TOTAL
Slide 5: Loans Expected To Close By The End Of June, 2015
5 Loans Expected To Close By The End Of June, 2015 City State Loan ($000) Loan Type West Palm Beach FL 1,625 Mezzanine Milwaukee WI 7,247 Development Atlanta GA 6,050 Development Atlanta GA 7,680 Development Charlotte NC 7,525 Development Tampa FL 5,260 Development Dallas TX 7,151 Development Hacket
Slide 6: Signed Term Sheets
6 Signed Term Sheets City State Loan ($000) Loan Type Dallas TX 10,621 Development New Haven CT 6,300 Development Miami FL 14,774 Development Phoenix AZ 7,169 Development Red Bank NJ 4,834 Development Denver CO 7,913 Development Pittsburgh PA 5,244 Development Charlotte NC 8,588 Development Boston M
Slide 7: Outstanding Term Sheets
7 Outstanding Term Sheets City State Loan ($000) Loan Type Alexandria VA 14,237 Development Phoenix AZ 7,246 Development Orlando FL 6,388 Development Chicago IL 5,581 Development Boston/Worcester MA 9,415 Development Long Island NY 12,294 Development Miami FL 11,812 Development Chicago IL 2,450 Stab
Slide 8: Underwriting/Under Consideration
8 Underwriting/Under Consideration • 43 properties • $315.3 million t otal loan volume • 14 states • AZ, CA, CO, DC, FL, MO, NC, NJ, NY, OH, SC, TN, TX, UT • Total pipeline at approximately $583 million
Slide 9: Geographic Diversity of Loan Portfolio
9 Geographic Diversity of Loan Portfolio Phoenix Dallas Tampa Atlanta Boston New Jersey Alexandria Miami Chicago In Closing Closed Loans Locations of Loans Closed, In Closing, Signed Term Sheets, and Outstanding Term Sheets Market Breakdown Denver Charlotte Orlando Nashville Signed Term Sheets Outst