For the quarter ending 2026-03-31, REFI has $435,948,612 in assets. $132,525,954 in debts. $27,855,945 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Loans held for investment | 332,462,151 | 332,772,244 | 379,132,272 | 373,990,760 |
| Loans held for investment - related party (note 7) | 76,775,335 | 76,183,323 | 18,918,950 | 39,984,724 |
| Loans held for investment, at carrying value | 409,237,486 | 408,955,567 | 398,051,222 | 413,975,484 |
| Current expected credit loss reserve | 8,680,583 | 5,062,785 | 4,990,988 | 4,421,348 |
| Loans held for investment at carrying value, net | 400,556,903 | 403,892,782 | 393,060,234 | 409,554,136 |
| Loans, at fair value - related party (amortized cost of 0 and 5,500,000, respectively) | - | - | 0 | 5,500,000 |
| Cash and cash equivalents | 27,855,945 | 14,948,884 | 28,920,537 | 35,562,084 |
| Interest receivable | 4,907,288 | 4,009,800 | 4,488,146 | 3,295,906 |
| Other receivables and assets, net | 2,562,700 | 874,245 | 581,815 | 422,999 |
| Related party receivables | 65,776 | 1,189,937 | 26,432 | 879,200 |
| Total assets | 435,948,612 | 424,915,648 | 427,077,164 | 455,214,325 |
| Management and incentive fees payable | - | - | - | 1,932,957 |
| Revolving loan | 67,050,000 | 49,100,000 | 52,400,000 | 71,200,000 |
| Notes payable, net | 49,393,248 | 49,334,459 | 49,274,644 | 49,215,015 |
| Payable for investment purchased | - | - | - | 9,461,774 |
| Dividend payable | 11,347,028 | 11,157,220 | 9,905,390 | 9,905,074 |
| Related party payables | 1,453,942 | 2,214,920 | 3,073,015 | 1,872,082 |
| Management and incentive fees payable | 1,719,495 | 3,098,576 | 1,435,071 | - |
| Interest payable | 310,106 | 1,348,334 | 14,597 | 243,435 |
| Accounts payable and other liabilities | 1,242,135 | 834,977 | 1,059,768 | 1,355,598 |
| Interest reserve | 10,000 | 12,686 | - | - |
| Total liabilities | 132,525,954 | 117,101,172 | 117,162,485 | 145,185,935 |
| Common stock, par value 0.01 per share, 100,000,000 shares authorized and 21,080,272 and 21,080,272 shares issued and outstanding, respectively | 210,803 | 210,803 | 210,753 | 210,746 |
| Additional paid-in-capital | 323,991,208 | 323,125,854 | 322,226,137 | 321,366,160 |
| Accumulated deficit | -20,779,353 | -15,522,181 | -12,522,211 | -11,548,516 |
| Total stockholders equity | 303,422,658 | 307,814,476 | 309,914,679 | 310,028,390 |
| Total liabilities and stockholders equity | 435,948,612 | 424,915,648 | 427,077,164 | 455,214,325 |
Chicago Atlantic Real Estate Finance, Inc. (REFI)
Chicago Atlantic Real Estate Finance, Inc. (REFI)