Discontinued — last reported Q2 '23
Chicago Atlantic Real Estate Finance Michigan Four — Debt Instrument Carrying Value decreased by 70.4% to $3.86M in Q2 2023 compared to the prior quarter.
An increase indicates net growth in the asset base, while a decrease suggests portfolio reduction or potential impairment charges.
The net book value of debt investments in the Michigan Four portfolio, calculated as the outstanding principal adjusted...
Equivalent to the net carrying amount of loans held for investment reported by peer commercial real estate lenders.
refi_segment_michigan_four_debt_instrument_carrying_value| Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|
| Value | $10.48M | $10.58M | $12.99M | $13.06M | $3.86M |
| QoQ Change | — | +1.0% | +22.8% | +0.5% | -70.4% |
| YoY Change | — | — | +24.0% | — | — |