Chicago Atlantic Real Estate Finance, Inc. (REFI) company profile
Close on Nov 13, 2026Market cap $220.60MP/E 7.2Yield 21.84%
About Chicago Atlantic Real Estate Finance
Real Estate Investment Trusts, SIC 6798
Chicago Atlantic Real Estate Finance, Inc. is an externally managed commercial mortgage real estate investment trust. The company primarily originates, structures, and invests in senior loans, first mortgage loans, and alternative structured financings secured by commercial real estate properties. Its core portfolio focuses on senior loans extended to state-licensed operators across various sectors of the cannabis industry, including cultivators, processors, dispensaries, and ancillary businesses. In addition to real estate mortgages, its credit facilities are typically secured by borrower collateral such as equipment, receivables, and operational licenses.
The company focuses its lending activities across jurisdictions with state-regulated cannabis programs and aims to maintain a diversified presence across multiple distribution channels. It conducts its corporate operations from its principal executive offices located in Miami Beach, Florida.
Summary of the business section of Chicago Atlantic Real Estate Finance's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Chicago Atlantic Real Estate Finance, Inc.
- Founded
- 2021
- Headquarters
- Chicago, IL
- Address
- 420 North Wabash Avenue, Suite 500 60611
- Phone
- (312) 625-9295
- Website
- chicagoatlanticbdc.com
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- BDO USA, P.C., Chicago, Illinois
Stock & identifiers
- Ticker
- REFI
- Exchange
- Nasdaq
- IPO date
- Dec 9, 2021
- Shares outstanding
- 26M, Aug 6, 2026
- Public float
- $236.80M, Dec 31, 2025
- Filer category
- <br>Emerging growth company
- SEC CIK
- 1867949
- CUSIP
- 167239102
- ISIN
- US1672391026
- FIGI
- BBG0136KJVY5
- Share class FIGI
- BBG0136KJWS0
- EIN
- 86-3125132
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| John Mazarakis | Executive Chairman, Director | 563,086 |
| Peter Sack | Co-Chief Executive Officer, Director | 121,356 |
| Anthony Cappell | Co-Chief Executive Officer, Director | 480,073 |
| David Kite | President and COO | 109,611 |
| Phillip Silverman | Chief Financial Officer | 71,516 |
| Andreas Bodmeier | President and CIO | 404,901 |
| Elizabeth Mary Stavola | Director | 6,324 |
| Jason D. Papastavrou | Director | 63,870 |
| Brandon Konigsberg | Director | 33,870 |
| Michael L. Steiner | Director | 453,688 |
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Dec 9, 2021
- Offer price
- $16.00
- Securities offered
- 6,250,000
- Gross proceeds
- $100.00M
- Exchange
- Nasdaq
- First trading day
- Dec 8, 2021
- First-day close
- $16.49+3.1%
- Lock-up ends (est.)
- Jun 6, 2022
“The initial public offering price is $ 16.00 pe r share.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 1, 2022 | Late filing | Notification of late filing |
| Mar 31, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 2, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 8, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 19, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 21, 2021 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 9, 2021 | IPO | Initial public offering priced (424B4 prospectus) |
| Dec 3, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |
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