Jernigan Capital Introduces Loan Programs

Share Article

Jernigan Capital, a nationwide direct lender to the self-storage industry, announced today three new loan programs for the sector: a development loan program, a refinancing loan program and an acquisitions loan program.

News Image
“As seasoned developers and operators now entering into direct lending, we understand the needs of the self-storage borrower and stand ready to meet those needs with the loan programs we are announcing today."

Jernigan Capital, a nationwide direct lender to the self-storage industry, announced today three new loan programs for the sector: a development loan program, a refinancing loan program and an acquisitions loan program.

Key features of these loan programs include:

Development:                                                        

90% Loan to Cost                                            
Non-Recourse
Generally 6 Year Term
$2,000,000 – $15,000,000

Refinance/Acquisition:

90% Loan to Value
Non-Recourse
Generally 6 Year Term
$2,000,000 – $15,000,000

“We are pleased to offer these loan programs to the self-storage sector,” said Jernigan Capital President, Dean Jernigan. “As seasoned developers and operators now entering into direct lending, we understand the needs of the self-storage borrower and stand ready to meet those needs with the loan programs we are announcing today. Our 90% non-recourse loan is a one-of-the-kind offering in our sector and has been extremely well received in the marketplace thus far, and we anticipate that to continue.”

Headed by industry veteran Dean Jernigan, Jernigan Capital is the only nationwide direct lender focused solely on the self-storage sector. Jernigan Capital’s senior staff has participated in over $6 billion of self-storage transactions over the past 30 years.

"Given the breadth and depth of our team's self-storage expertise and experience and our direct lending model, Jernigan Capital is poised to provide quick and efficient decisions to prospective borrowers," says Greg Ward, CFO of Jernigan Capital. “In addition, we feel our extensive underwriting experience will be a tremendous value add to our clients.”

Jernigan Capital is now accepting loan requests and issuing term sheets for these loan programs. Full details are available at http://www.jernigancapital.com

About Jernigan Capital LLC

Jernigan Capital is a nationwide direct lender to the self storage industry headquartered in Miami, Florida. Jernigan Capital provides development, acquisition and refinancing capital to the self-storage industry in markets across the United States.

For more information on Jernigan Capital, please visit - http://www.jernigancapital.com

Any republication of this communication by recipient is prohibited.

Share article on socal media or email:

View article via:

Pdf Print

Contact Author

Chris Jernigan
Visit website