Chicago Atlantic Real Estate Finance Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
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, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Loans held for investment | $364,238,847 | $337,238,122 |
| Loans held for investment - related party (Note 9) | 38,238,199 | 16,402,488 |
| Loans held for investment, at carrying value | 402,477,046 | 353,640,610 |
| Current expected credit loss reserve | (4,346,869) | (4,972,647) |
| Loans held for investment at carrying value, net | 398,130,177 | 348,667,963 |
| Loans, at fair value - related party (amortized cost of $5,500,000 and $0, respectively) | 5,335,000 | - |
| Cash and cash equivalents | 26,400,448 | 7,898,040 |
| Other receivables and assets, net | 459,187 | 705,960 |
| Interest receivable | 1,453,823 | 1,004,140 |
| Related party receivables | 3,370,339 | 107,225 |
| Debt securities, at fair value | - | 842,269 |
| Total Assets | $435,148,974 | $359,225,597 |
| Liabilities | ||
| Revolving loan | $55,000,000 | 66,000,000 |
| Notes payable, net | 49,096,250 | - |
| Dividend payable | 13,605,153 | 13,866,656 |
| Related party payables | 2,043,403 | 2,051,531 |
| Management and incentive fees payable | 2,863,158 | 3,243,775 |
| Accounts payable and other liabilities | 2,285,035 | 1,135,355 |
| Interest reserve | 1,297,878 | 1,074,889 |
| Total Liabilities | 126,190,877 | 87,372,206 |
| Commitments and contingencies (Note 10) | ||
| Stockholders' equity | ||
| Common stock, par value $0.01 per share, 100,000,000 shares authorized and 20,829,228 and 18,197,192 shares issued and outstanding, respectively | 208,292 | 181,972 |
| Additional paid-in-capital | 318,886,768 | 277,483,092 |
| Accumulated deficit | (10,136,963) | (5,811,673) |
| Total stockholders' equity | 308,958,097 | 271,853,391 |
| Total liabilities and stockholders' equity | $435,148,974 | $359,225,597 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.