4,000,000 Shares JERNIGAN CAPITAL, INC. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • June 14th, 2018 • Jernigan Capital, Inc. • Real estate investment trusts • New York
Jernigan Capital, Inc., a Maryland corporation (the “Company”), which is externally managed and advised by JCap Advisors, LLC, a limited liability company organized and existing under the laws of Florida (the “Manager”), and Jernigan Capital Operating Company, LLC, a Delaware limited liability company (the “Operating Company”), propose, subject to the terms and conditions stated herein, that the Company will issue and sell to the several Underwriters named in Schedule I hereto (the “Underwriters”), an aggregate of 4,000,000 shares of its Common Stock, par value $0.01 per share (the “Common Stock”). The aggregate of 4,000,000 shares to be purchased from the Company are called the “Firm Shares.” In addition, the Company has agreed to sell to the Underwriters, upon the terms and conditions stated herein, up to an additional 600,000 shares of Common Stock (the “Additional Shares”) to cover over-allotments by the Underwriters, if any.
