Yieldto Maturityof Internal Rateof Return

Chicago Atlantic Real Estate Finance·Geographic·28 segments·Rolls up to Yieldto Maturityof Internal Rateof Return

Breakdown

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
IL	—	—	—	23.3%	—	—	—	23.3%
Various Four	—	—	—	16.1%	—	—	—	20.4%
Various	—	—	—	17.1%	—	—	—	19.8%
Arizona One	—	—	—	18.7%	—	—	—	18.7%
CA	4.1%	4.1%	4.1%	16.3%	—	0.3%	—	18.7%
California Illinois	—	—	—	18.3%	—	0.4%	—	18.7%
Missouri Arizona	—	0.6%	—	18.7%	—	—	—	18.6%
OH	0.4%	—	—	16.5%	0.2%	0%	1.3%	17.9%
FL	—	7.3%	—	31.2%	—	—	2.4%	17.5%
Michigan Two	0.5%	—	—	4.3%	4.3%	4.3%	4.3%	17.2%
AZ	—	—	—	17%	—	—	—	17%
MI	—	—	—	17.3%	—	—	—	16.8%
NY	—	—	—	16.6%	—	—	—	16.6%
Ohio One	—	—	—	16.4%	—	—	—	16.1%
Various Six	—	—	—	—	—	—	0.8%	16%
MO	—	—	—	14.7%	0%	0.5%	0.2%	15.4%
Various Three	—	—	—	15.2%	—	0.1%	—	15.3%
Various Two	0.1%	—	—	19.3%	0.3%	—	—	15.3%
Various One	—	—	—	22.6%	0.9%	—	0.2%	15.2%
Illinois Arizona	—	—	—	19.3%	—	—	—	15%
Illinois One	—	—	—	14.7%	—	0.7%	—	15%
WV	—	—	—	15%	—	—	—	15%
Various Five	—	—	—	19.4%	—	11.3%	—	13.2%
Arizona Two	3.2%	3.2%	3.2%	12.8%	—	—	—	12.8%
Various Seven	—	—	—	—	—	—	—	12.7%
Michigan One	0.2%	—	—	17.2%	—	—	—	9.7%
PA	—	—	1.2%	9.5%	0.2%	—	—	9.7%
Pennsylvania One	—	—	—	2.4%	2.4%	2.4%	2.4%	9.7%
Total	—	—	—	16.9%	—	—	—	15.8%

California IllinoisView metric

Illinois ArizonaView metric

Illinois OneView metric

Michigan OneView metric

Michigan TwoView metric

Missouri ArizonaView metric

Pennsylvania OneView metric

Various FiveView metric

Various FourView metric

Various SevenView metric

Various ThreeView metric

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
IL	—	—	—	23.3%	—	—	—	23.3%
Various Four	—	—	—	16.1%	—	—	—	20.4%
Various	—	—	—	17.1%	—	—	—	19.8%
Arizona One	—	—	—	18.7%	—	—	—	18.7%
CA	4.1%	4.1%	4.1%	16.3%	—	0.3%	—	18.7%
California Illinois	—	—	—	18.3%	—	0.4%	—	18.7%
Missouri Arizona	—	0.6%	—	18.7%	—	—	—	18.6%
OH	0.4%	—	—	16.5%	0.2%	0%	1.3%	17.9%
FL	—	7.3%	—	31.2%	—	—	2.4%	17.5%
Michigan Two	0.5%	—	—	4.3%	4.3%	4.3%	4.3%	17.2%
AZ	—	—	—	17%	—	—	—	17%
MI	—	—	—	17.3%	—	—	—	16.8%
NY	—	—	—	16.6%	—	—	—	16.6%
Ohio One	—	—	—	16.4%	—	—	—	16.1%
Various Six	—	—	—	—	—	—	0.8%	16%
MO	—	—	—	14.7%	0%	0.5%	0.2%	15.4%
Various Three	—	—	—	15.2%	—	0.1%	—	15.3%
Various Two	0.1%	—	—	19.3%	0.3%	—	—	15.3%
Various One	—	—	—	22.6%	0.9%	—	0.2%	15.2%
Illinois Arizona	—	—	—	19.3%	—	—	—	15%
Illinois One	—	—	—	14.7%	—	0.7%	—	15%
WV	—	—	—	15%	—	—	—	15%
Various Five	—	—	—	19.4%	—	11.3%	—	13.2%
Arizona Two	3.2%	3.2%	3.2%	12.8%	—	—	—	12.8%
Various Seven	—	—	—	—	—	—	—	12.7%
Michigan One	0.2%	—	—	17.2%	—	—	—	9.7%
PA	—	—	1.2%	9.5%	0.2%	—	—	9.7%
Pennsylvania One	—	—	—	2.4%	2.4%	2.4%	2.4%	9.7%
Total	—	—	—	16.9%	—	—	—	15.8%