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%
California Illinois	—	—	—	18.3%	—	0.4%	—	18.7%
CA	4.1%	4.1%	4.1%	16.3%	—	0.3%	—	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 Two	0.1%	—	—	19.3%	0.3%	—	—	15.3%
Various Three	—	—	—	15.2%	—	0.1%	—	15.3%
Various One	—	—	—	22.6%	0.9%	—	0.2%	15.2%
Illinois Arizona	—	—	—	19.3%	—	—	—	15%
WV	—	—	—	15%	—	—	—	15%
Illinois One	—	—	—	14.7%	—	0.7%	—	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%

Michigan OneView metric

Michigan TwoView metric

Illinois ArizonaView metric

Pennsylvania OneView metric

Missouri ArizonaView metric

California IllinoisView metric

Illinois OneView metric

Various ThreeView metric

Various FourView metric

Various FiveView metric

Various SevenView 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%
California Illinois	—	—	—	18.3%	—	0.4%	—	18.7%
CA	4.1%	4.1%	4.1%	16.3%	—	0.3%	—	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 Two	0.1%	—	—	19.3%	0.3%	—	—	15.3%
Various Three	—	—	—	15.2%	—	0.1%	—	15.3%
Various One	—	—	—	22.6%	0.9%	—	0.2%	15.2%
Illinois Arizona	—	—	—	19.3%	—	—	—	15%
WV	—	—	—	15%	—	—	—	15%
Illinois One	—	—	—	14.7%	—	0.7%	—	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%