Jernigan Capital arranged $12.55 million in financing for a new self storage development property in New Orleans, LA. The multi-story, ground-up project is expected to offer 1,000 units on 90,315 net rentable square feet.
About Jernigan Capital
Jernigan Capital is a commercial real estate finance company that provides financing to private developers, operators and owners of self storage facilities. It offers financing for acquisition, ground-up construction, major redevelopment or refinancing. The firm intends to be taxed as a REIT and is externally managed by JCap Advisors LLC.