Jernigan will conduct $5 million private placement of common stock

$110 million initial public offering is also planned at the same price

By Devika Patel

Knoxville, Tenn., Feb. 20 – Jernigan Capital, Inc. plans to price a $5 million private placement of stock with its founder, chairman, president and chief executive officer Dean Jernigan, according to a Form S-11 filed Friday with the Securities and Exchange Commission.

The company also said it plans a concurrent initial public sale of its stock with a 30-day greenshoe. The company has registered up to $110 million of stock for the IPO, which is being conducted by bookrunner Raymond James at the same price per share as the stock sold in the placement.

The Miami-based commercial real estate finance company lends to private developers, owners and operators of self-storage facilities.

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