Chicago Atlantic Real Estate Finance Inc
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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FY2023 · Filed Mar 12, 2024
REFI$8.86+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Loans held for investment | $337,238,122 | $339,273,538 |
| Loans held for investment - related party (Note 7) | 16,402,488 | - |
| Loans held for investment, at carrying value | 353,640,610 | 339,273,538 |
| Current expected credit loss reserve | (4,972,647) | (3,940,939) |
| Loans held for investment at carrying value, net | 348,667,963 | 335,332,599 |
| Cash and cash equivalents | 7,898,040 | 5,715,827 |
| Debt securities, at fair value | 842,269 | - |
| Interest receivable | 1,004,140 | 1,204,412 |
| Other receivables and assets, net | 705,960 | 1,018,212 |
| Related party receivables | 107,225 | - |
| Total Assets | $359,225,597 | $343,271,050 |
| Liabilities | ||
| Revolving loan | $66,000,000 | $58,000,000 |
| Dividend payable | 13,866,656 | 13,618,591 |
| Management and incentive fees payable | 3,243,775 | 3,295,600 |
| Related party payables | 2,051,531 | 1,397,515 |
| Accounts payable and other liabilities | 1,135,355 | 1,058,128 |
| Interest reserve | 1,074,889 | 1,868,193 |
| Total Liabilities | 87,372,206 | 79,238,027 |
| Commitments and contingencies (Note 8) | ||
| Stockholders' equity | ||
| Common stock, par value $0.01 per share, 100,000,000 shares authorized and 18,197,192 and 17,685,952 shares issued and outstanding, respectively | 181,972 | 176,859 |
| Additional paid-in-capital | 277,483,092 | 268,995,848 |
| Accumulated deficit | (5,811,673) | (5,139,684) |
| Total stockholders' equity | 271,853,391 | 264,033,023 |
| Total liabilities and stockholders' equity | $359,225,597 | $343,271,050 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.