XML 59 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
DEBT (Credit Facility) (Narrative) (Details)
$ in Thousands
6 Months Ended 11 Months Ended 19 Months Ended 21 Months Ended
Dec. 31, 2018
Jun. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
Jul. 24, 2020
Sep. 30, 2020
USD ($)
Dec. 31, 2017
USD ($)
Jul. 25, 2017
USD ($)
Line of Credit Facility [Line Items]              
Proceeds from lines of credit   $ 34,433          
Repayments of lines of credit   35,000          
KeyBank National Association [Member]              
Line of Credit Facility [Line Items]              
Commitment by Bank             $ 200,000
Line of credit, current borrowing capacity             $ 100,000
Jernigan Capital Operating Company LLC [Member] | KeyBank National Association [Member]              
Line of Credit Facility [Line Items]              
Line of credit, current borrowing capacity   $ 90,800 $ 90,800        
Debt instrument, maturity date   Jul. 24, 2020          
Company loans secured by mortgage loans borrowing base availability maximum percentage   60.00%          
Company loans secured by mortgage loans underlying real estate fair value minimum percentage to maximum principal amount borrowed   50.00%          
Mortgage loans minimal months inclusion in borrowing base period   18 years          
Debt instrument convenant related to debt service amount, ratio   1.30          
Company loans secured by self-storage properties underlying real estate fair value minimum percentage to maximum principal amount borrowed   65.00%          
Debt instrument convenant related to debt service coverage amount ratio   1.30          
Debt instrument per diem fee rate percentage   0.35%          
Debt instrument covenant total consoildated indebtness maximum percentage of gross asset value   50.00%          
Debt instrument covenants minimum fixed coverage ratio     0.75        
Debt instrument covenants consolidated tanible net worth, minimum   $ 183,300 $ 183,300        
Debt instrument covenants any additional net offering proceeds percentage included in consolidated tangible net worth   75.00%          
Debt instrument covenants threshold amount that limits unhedged variable rate   $ 50,000 50,000        
Debt instrument covenants unhedged variable rate maximum percentage   25.00%          
Debt instrument covenant debt service coverage ratio   2          
Line of credit facility, covenant compliance   As of June 30, 2018, the Company was in compliance with all of its financial covenants and it anticipates being in compliance with all of its financial covenants throughout the term of the Credit Facility.          
Jernigan Capital Operating Company LLC [Member] | KeyBank National Association [Member] | Scenario, Plan [Member]              
Line of Credit Facility [Line Items]              
Debt instrument covenants minimum fixed coverage ratio 0.90     1.20      
Debt instrument covenants liquidity minimal amount   $ 50,000 50,000        
Debt instrument covenant additional amount included onto total unfunded loan commitments         $ 25,000    
Maximum [Member] | Jernigan Capital Operating Company LLC [Member] | KeyBank National Association [Member] | Base Rate [Member]              
Line of Credit Facility [Line Items]              
Debt instrument, basis spread on variable rate   2.75%          
Maximum [Member] | Jernigan Capital Operating Company LLC [Member] | KeyBank National Association [Member] | London Interbank Offered Rate (LIBOR) [Member]              
Line of Credit Facility [Line Items]              
Debt instrument, basis spread on variable rate   3.75%          
Minimum [Member] | Jernigan Capital Operating Company LLC [Member] | KeyBank National Association [Member] | Base Rate [Member]              
Line of Credit Facility [Line Items]              
Debt instrument, basis spread on variable rate   1.75%          
Minimum [Member] | Jernigan Capital Operating Company LLC [Member] | KeyBank National Association [Member] | London Interbank Offered Rate (LIBOR) [Member]              
Line of Credit Facility [Line Items]              
Debt instrument, basis spread on variable rate   2.75%          
Development Property Investments [Member]              
Line of Credit Facility [Line Items]              
Loans pledged as collateral   $ 60,500 60,500     $ 47,400  
Bridge Loan Investments [Member]              
Line of Credit Facility [Line Items]              
Loans pledged as collateral   78,600 78,600        
Operating Property Loans [Member]              
Line of Credit Facility [Line Items]              
Loans pledged as collateral   6,000 6,000     6,000  
Self-Storage Real Owned [Member]              
Line of Credit Facility [Line Items]              
Loans pledged as collateral   $ 17,600 $ 17,600     $ 4,400