Chicago Atlantic Real Estate Finance Inc
investors.refi.reitWhat Do They Do?
Lends through first mortgages and other structured financings secured by commercial properties, primarily to state-licensed cannabis operators and property owners leasing to cannabis businesses.
10-K for FY2025, filed Mar 12, 2026
Who Are Their Customers?
Borrowers can receive loans REFI originates or loans originated by third parties in which it participates; REFI generally co-lends with affiliates or outside investors.
10-K for FY2025, filed Mar 12, 2026Our Manager seeks to originate real estate mortgage loans between $5 million and $200 million, generally with one- to five-year terms and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 57 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 12, 2026
10-K for FY2025, filed Mar 12, 2026
$36MView ↗
How Are They Changing?
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Jun 18, 2026
Agreed to merge into Chicago Atlantic BDC
REFI agreed to elect business development company status before merging into Chicago Atlantic BDC, which would survive; stockholder and regulatory approvals are required.
Sources
8-K, filed Jun 18, 2026
On June 17, 2026, Chicago Atlantic Real Estate Finance, Inc., a Maryland corporation (the “Company”), entered into an Agreement and Plan of…View ↗
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