For the quarter ending 2025-09-30, REFI had -$6,641,547 decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 8,934,542 | 18,918,686 |
| Accretion of deferred loan origination fees and other discounts | 862,855 | 850,114 |
| Paid-in-kind interest | 1,257,020 | 3,116,093 |
| Provision (benefit) for current expected credit losses | 557,219 | 74,014 |
| Change in unrealized (gain) loss on investments | 0 | 165,000 |
| Amortization of debt issuance costs | 101,728 | 220,458 |
| Stock based compensation | 928,654 | 1,530,440 |
| Interest receivable | 1,192,240 | 1,842,083 |
| Other receivables and assets, net | 90,916 | 65,505 |
| Interest reserve | -206,338 | -1,076,943 |
| Related party payables | 1,200,933 | -171,321 |
| Related party receivables | -852,768 | -2,491,139 |
| Management and incentive fees payable | -497,886 | -930,201 |
| Accounts payable and accrued expenses | -283,409 | -928,972 |
| Net cash provided by operating activities | 8,185,180 | 14,088,505 |
| Issuance of and fundings of loans held for investment | 48,678,059 | 10,327,017 |
| Principal repayment of loans held for investment | 57,237,922 | 12,279,060 |
| Principal repayment of loans at fair value | 5,500,000 | - |
| Net cash provided by investing activities | 14,059,863 | 1,952,043 |
| Proceeds from sale of common stock | 0 | 1,033,474 |
| Proceeds from borrowings on revolving loan | 49,200,000 | 56,900,000 |
| Repayment of borrowings on revolving loan | 68,000,000 | 40,700,000 |
| Dividends paid to common shareholders | 9,907,921 | 24,030,318 |
| Payment of debt issuance costs | 109,999 | 0 |
| Payment of offering costs | 68,670 | 82,068 |
| Net cash used in financing activities | -28,886,590 | -6,878,912 |
| Net increase (decrease) in cash and cash equivalents | -6,641,547 | 9,161,636 |
| Cash and cash equivalents at beginning of period | 26,400,448 | - |
| Cash and cash equivalents at end of period | 28,920,537 | - |
Chicago Atlantic Real Estate Finance, Inc. (REFI)
Chicago Atlantic Real Estate Finance, Inc. (REFI)