Chicago Atlantic Real Estate Finance REFI Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Current by Geography | ||||||
| Arizona One | $1.31M-4.1% | $1.36M-4.9% | $1.43M-3.8% | $1.49M-3.4% | $1.54M-3.5% | |
| Arizona Two | $10M0.0% | $10M0.0% | $10M0.0% | $10M0.0% | $10M0.0% | |
| AZ | $6.63M0.0% | $6.63M0.0% | $6.63M0.0% | $6.63M0.0% | $6.63M0.0% | |
| CA | $13.79M-44.2% | $24.71M-0.2% | $24.75M+0.5% | $24.62M+0.8% | $24.44M+0.8% | |
| California Illinois | $7.3M+0.2% | $7.28M+9.0% | $6.68M0.0% | $6.68M0.0% | $6.68M0.0% | |
| FL | $21.17M+94.9% | $10.86M+4.0% | $10.44M+10.7% | $9.43M+44.1% | $6.54M+0.1% | |
| IL | $6.42M-1.9% | $6.55M-1.9% | $6.68M+5.9% | $6.31M-1.8% | $6.42M-1.9% | |
| Illinois Arizona | $35.73M+0.1% | $35.68M+0.1% | $35.64M+9.3% | $32.59M+38.4% | $23.55M-2.9% | |
| Illinois One | $27.1M+0.1% | $27.09M+2.3% | $26.49M+1,296% | $1.9M-1.2% | $1.92M-1.2% | |
| MI | $27.11M0.0% | $27.11M0.0% | $27.1M0.0% | $27.09M-0.1% | $27.11M0.0% | |
| Michigan One | $2.29M+138% | $960.12K-80.6% | $4.96M0.0% | $4.96M0.0% | $4.96M0.0% | |
| Michigan Two | $3.16M0.0% | $3.16M— | —— | —— | —— | |
| Missouri Arizona | $9.47M-33.9% | $14.33M-13.7% | $16.61M-9.3% | $18.3M+0.1% | $18.28M-3.1% | |
| MO | $11.26M-3.7% | $11.69M+8.8% | $10.75M-49.0% | $21.07M-2.6% | $21.63M-2.5% | |
| NY | $21.31M-3.4% | $22.07M-4.4% | $23.08M-2.1% | $23.58M-3.1% | $24.34M-3.0% | |
| OH | $47.76M+1.3% | $47.16M+1.5% | $46.46M+1.1% | $45.94M+1.5% | $45.26M+1.5% | |
| Ohio One | $267.52K+0.4% | $266.51K+0.4% | $265.47K+0.4% | $264.43K+9.0% | $242.63K-90.2% | |
| PA | $14.52M0.0% | $14.52M0.0% | $14.52M-18.5% | $17.82M+8.2% | $16.47M+0.4% | |
| Pennsylvania One | $14.5M0.0% | $14.5M+230% | $4.4M— | —— | —— | |
| Various | $15.22M-2.9% | $15.67M-0.4% | $15.73M-17.2% | $19M+0.1% | $18.98M-0.1% | |
| Various Five | $53.05M+12,905% | $407.94K+91.0% | $213.58K-73.8% | $816.01K+288% | $210.06K— | |
| Various Four | $679.57K-17.0% | $818.4K-1.3% | $829.47K-58.8% | $2.01M-30.1% | $2.88M— | |
| Various One | $16.78M+7.6% | $15.6M+2.2% | $15.26M-27.7% | $21.13M+1.0% | $20.92M+1.0% | |
| Various Seven | $1.68M-65.5% | $4.87M— | —— | —— | —— | |
| Various Six | $4.82M-75.8% | $19.92M0.0% | $19.91M+9,299% | $211.82K— | —— | |
| Various Three | $830.4K-58.7% | $2.01M-1.5% | $2.04M-89.7% | $19.78M+0.4% | $19.7M+0.4% | |
| Various Two | $2.04M-87.8% | $16.72M-15.7% | $19.84M+34.9% | $14.71M+11.2% | $13.23M+19.0% | |
| WV | $8.49M0.0% | $8.49M0.0% | $8.49M0.0% | $8.49M0.0% | $8.49M0.0% | |
| Outstanding Principal by Geography | ||||||
| Arizona One | $1.32M— | —— | —— | —— | $1.56M— | |
| Arizona Two | $10M— | —— | —— | —— | $10M+300% | |
| AZ | $6.63M— | —— | —— | —— | $6.63M— | |
| CA | $16.21M+8,514% | $188.19K+45.4% | $129.45K-30.3% | $185.79K-99.2% | $24.44M+13,109% | |
| California Illinois | $7.44M+880% | $759.09K— | —— | —— | $6.68M+300% | |
| FL | $21.2M+5,200% | $400K-60.0% | $1M-66.7% | $3M-54.3% | $6.56M— | |
| IL | $6.43M— | —— | $365.13K— | —— | $6.45M— | |
| Illinois Arizona | $36.13M— | $0-100% | $3M-68.6% | $9.56M-59.5% | $23.57M+535% | |
| Illinois One | $27.15M+4,578% | $580.4K-97.6% | $24.67M— | $0-100% | $1.92M— | |
| MI | $27.11M— | —— | —— | —— | $27.11M+33,882% | |
| Michigan One | $2.31M— | —— | —— | —— | $4.96M+3,448% | |
| Michigan Two | $3.16M+300% | $789.28K0.0% | $789.28K0.0% | $789.28K0.0% | $789.28K— | |
| Missouri Arizona | $9.49M— | —— | —— | —— | $18.4M— | |
| MO | $11.4M+1,111% | $941.46K— | —— | —— | $21.68M+322% | |
| NY | $21.31M— | —— | —— | —— | $24.34M— | |
| OH | $47.76M+7,979% | $591.12K+46.0% | $404.86K-30.0% | $578.64K-98.7% | $45.59M+113% | |
| Ohio One | $271.43K— | —— | —— | $21.43K-91.4% | $250K— | |
| PA | $14.58M— | —— | —— | $1.35M-91.9% | $16.58M— | |
| Pennsylvania One | $14.55M+44.1% | $10.1M— | —— | —— | —— | |
| Various Five | $53.33M+27,328% | $194.45K— | —— | $606.67K+160% | $233.33K— | |
| Various Four | $700K— | —— | —— | —— | $2.91M— | |
| Various One | $17.01M+5,096% | $327.33K— | —— | $138.71K-99.4% | $21.38M+11,686% | |
| Various | $15.33M— | —— | —— | —— | $19.26M— | |
| Various Seven | $1.68M+34.3% | $1.25M0.0% | $1.25M0.0% | $1.25M0.0% | $1.25M— | |
| Various Six | $4.94M— | —— | $19.77M— | —— | —— | |
| Various Three | $840K— | —— | —— | $50.77K-99.7% | $20.07M— | |
| Various Two | $2.07M— | —— | $5.35M+251% | $1.52M-88.5% | $13.29M+435% | |
| WV | $8.49M— | —— | —— | —— | $8.49M— | |
| Percentage Of Loans Held For Investment by Geography | ||||||
| Arizona One | 0.3%0.0pp | 0.3%— | —— | —— | —— | |
| Arizona Two | 2.4%0.0pp | 2.4%— | —— | —— | —— | |
| AZ | 1.6%0.0pp | 1.6%— | —— | —— | —— | |
| CA | 3.9%-2.2pp | 6.1%— | —— | —— | —— | |
| California Illinois | 1.8%0.0pp | 1.8%— | —— | —— | —— | |
| FL | 5.1%+2.4pp | 2.7%— | —— | —— | —— | |
| IL | 1.6%0.0pp | 1.6%— | —— | —— | —— | |
| Illinois Arizona | 8.7%-0.1pp | 8.8%— | —— | —— | —— | |
| Illinois One | 6.6%0.0pp | 6.6%— | —— | —— | —— | |
| MI | 6.6%0.0pp | 6.6%— | —— | —— | —— | |
| Michigan One | 0.6%+0.4pp | 0.2%— | —— | —— | —— | |
| Michigan Two | 0.8%0.0pp | 0.8%— | —— | —— | —— | |
| Missouri Arizona | 2.3%-1.2pp | 3.5%— | —— | —— | —— | |
| MO | 2.8%-0.1pp | 2.9%— | —— | —— | —— | |
| NY | 5.2%-0.2pp | 5.4%— | —— | —— | —— | |
| OH | 11.5%0.0pp | 11.5%— | —— | —— | —— | |
| Ohio One | 0.1%0.0pp | 0.1%— | —— | —— | —— | |
| PA | 3.5%0.0pp | 3.5%— | —— | —— | —— | |
| Pennsylvania One | 3.5%0.0pp | 3.5%— | —— | —— | —— | |
| Various Five | 12.9%+12.8pp | 0.1%— | —— | —— | —— | |
| Various Four | 0.2%0.0pp | 0.2%— | —— | —— | —— | |
| Various One | 4.1%+0.3pp | 3.8%— | —— | —— | —— | |
| Various | 3.7%-0.1pp | 3.8%— | —— | —— | —— | |
| Various Seven | 0.4%-0.8pp | 1.2%— | —— | —— | —— | |
| Various Six | 1.2%-3.7pp | 4.9%— | —— | —— | —— | |
| Various Three | 0.2%-0.3pp | 0.5%— | —— | —— | —— | |
| Various Two | 0.5%-3.6pp | 4.1%— | —— | —— | —— | |
| WV | 2.1%0.0pp | 2.1%— | —— | —— | —— | |
| Original Issue Premium Discount by Geography | ||||||
| Arizona One | -$12.67K-19.6% | -$10.59K— | —— | —— | -$16.59K— | |
| CA | -$2.43M-4,168% | -$56.83K0.0% | -$56.83K0.0% | -$56.83K0.0% | -$56.83K— | |
| California Illinois | -$142.57K-264% | -$39.16K0.0% | -$39.16K0.0% | -$39.16K0.0% | -$39.16K— | |
| FL | -$32.02K— | —— | —— | -$111.94K-608% | -$15.81K— | |
| IL | -$5.61K— | —— | —— | —— | -$29.32K— | |
| Illinois Arizona | -$403.18K— | —— | —— | -$510.38K-1,766% | -$27.36K— | |
| Illinois One | -$47.49K-201% | -$15.76K0.0% | -$15.76K0.0% | -$15.76K0.0% | -$15.76K— | |
| MI | -$1.14K-201% | -$378.250.0% | -$378.250.0% | -$378.250.0% | -$378.25— | |
| Michigan One | -$18.1K-134% | -$7.75K— | —— | —— | —— | |
| Michigan Two | -$1.54K-300% | -$384.250.0% | -$384.250.0% | -$384.250.0% | -$384.25— | |
| Missouri Arizona | -$24.58K— | —— | —— | —— | -$122.13K— | |
| MO | -$137.59K-30,476% | -$450+99.6% | -$122.67K— | $0+100% | -$48.09K-65.0% | |
| Ohio One | -$3.91K— | —— | —— | —— | -$7.37K— | |
| PA | -$55.03K— | —— | —— | —— | -$108.04K— | |
| Pennsylvania One | -$53.01K-300% | -$13.25K0.0% | -$13.25K0.0% | -$13.25K0.0% | -$13.25K— | |
| Various Five | -$281.53K-327,258% | -$86— | —— | -$718+96.9% | -$23.28K— | |
| Various Four | -$20.43K-84.6% | -$11.07K— | —— | -$28.05K-13.7% | -$24.68K— | |
| Various One | -$222.77K— | —— | —— | —— | -$461.59K— | |
| Various | -$108.89K— | —— | —— | —— | -$271.79K— | |
| Various Six | -$117.78K— | —— | -$70.07K— | —— | —— | |
| Various Three | -$9.6K+67.6% | -$29.66K— | —— | —— | -$365.73K-275% | |
| Various Two | -$23.47K— | —— | -$219.43K-410% | -$43.01K+18.6% | -$52.85K-175% | |
| Future Fundings by Geography | ||||||
| Illinois One | $2.36M+77.7% | $1.33M— | —— | —— | —— | |
| Various Two | $2.1M-16.2% | $2.5M0.0% | $2.5M0.0% | $2.5M0.0% | $2.5M— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Chicago Atlantic Real Estate Finance break its business down?
- Chicago Atlantic Real Estate Finance (REFI) reports financing receivable excluding accrued interest after allowance for credit loss current by geography across 28 parts — Arizona One, Arizona Two, AZ, CA and California Illinois. Each is extracted from the segment footnotes and tracked over time.
- Where does Chicago Atlantic Real Estate Finance's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Chicago Atlantic Real Estate Finance's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
