For the quarter ending 2025-09-30, REFI has $427,077,164 in assets. $117,162,485 in debts. $28,920,537 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Loans held for investment | 379,132,272 | 373,990,760 | ||
| Loans held for investment - related party (note 8) | 18,918,950 | 39,984,724 | ||
| Loans held for investment, at carrying value | 398,051,222 | 413,975,484 | ||
| Current expected credit loss reserve | 4,990,988 | 4,421,348 | ||
| Loans held for investment at carrying value, net | 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 | 28,920,537 | 35,562,084 | ||
| Other receivables and assets, net | 581,815 | 422,999 | ||
| Interest receivable | 4,488,146 | 3,295,906 | ||
| Related party receivables | 26,432 | 879,200 | ||
| Total assets | 427,077,164 | 455,214,325 | ||
| Management and incentive fees payable | - | 1,932,957 | ||
| Revolving loan | 52,400,000 | 71,200,000 | ||
| Notes payable, net | 49,274,644 | 49,215,015 | ||
| Payable for investment purchased | - | 9,461,774 | ||
| Dividend payable | 9,905,390 | 9,905,074 | ||
| Related party payables | 3,073,015 | 1,872,082 | ||
| Management and incentive fees payable | 1,435,071 | - | ||
| Accounts payable and other liabilities | 1,059,768 | 1,355,598 | ||
| Interest reserve | 14,597 | 243,435 | ||
| Total liabilities | 117,162,485 | 145,185,935 | ||
| Common stock, par value 0.01 per share, 100,000,000 shares authorized and 21,075,298 and 20,829,228 shares issued and outstanding, respectively | 210,753 | 210,746 | ||
| Additional paid-in-capital | 322,226,137 | 321,366,160 | ||
| Accumulated deficit | -12,522,211 | -11,548,516 | ||
| Total stockholders equity | 309,914,679 | 310,028,390 | ||
| Total liabilities and stockholders equity | 427,077,164 | 455,214,325 | ||
Chicago Atlantic Real Estate Finance, Inc. (REFI)
Chicago Atlantic Real Estate Finance, Inc. (REFI)