Jernigan Capital, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $145,000 and net loss of $1,141,000 or $0.20 per basic and diluted share.

For the six months, the company reported net interest income of $145,000 and net loss of $1,287,000 or $0.44 per basic and diluted share.

The company also announced that effective August 10, 2015, Gregory W. Ward has resigned as the Chief Financial Officer and Secretary of the company and JCap Advisors, LLC in order to pursue other interests, and the company has appointed William C. Drummond as its new Senior Vice President, Chief Financial Officer and Secretary. Mr. Drummond, spent 37 years at Ernst & Young as an audit partner and eventually the managing partner of the Memphis office. During his time at Ernst & Young, Mr. Drummond was the audit partner for over 15 public company clients. Mr. Drummond will also serve as Senior Vice President and Chief Financial Officer of JCap Advisors, LLC.

The company announced that effective August 17, 2015 it is consolidating its offices. The company expects the consolidation to be completed by the end of the third quarter 2015, and expects to take a one-time charge of approximately $275,000 in the third quarter related to the cost of consolidating its offices, including severance and benefits provided to Cleveland and Miami employees and lease termination costs.

The company is moving its corporate headquarters to Memphis, Tennessee, where the company will reside at International Place Tower II, 6410 Poplar Avenue, Suite 650, Memphis, Tennessee 38119.