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-15.3% | $1.36M-14.7% | $1.43M-13.4% | $1.49M-12.9% | $1.54M-13.6% | |
| Arizona Two | $10M0.0% | $10M0.0% | $10M0.0% | $10M0.0% | $10M— | |
| AZ | $6.63M0.0% | $6.63M0.0% | $6.63M0.0% | $6.63M0.0% | $6.63M-58.8% | |
| CA | $13.79M-43.6% | $24.71M+1.9% | $24.75M+2.8% | $24.62M— | $24.44M— | |
| California Illinois | $7.3M+9.2% | $7.28M+9.0% | $6.68M— | $6.68M— | $6.68M— | |
| FL | $21.17M+224% | $10.86M+66.2% | $10.44M+60.1% | $9.43M+143% | $6.54M+55.1% | |
| IL | $6.42M0.0% | $6.55M0.0% | $6.68M0.0% | $6.31M+2.8% | $6.42M+30.4% | |
| Illinois Arizona | $35.73M+51.7% | $35.68M+47.2% | $35.64M+73.7% | $32.59M+62.7% | $23.55M+14.7% | |
| Illinois One | $27.1M+1,311% | $27.09M+1,294% | $26.49M+1,208% | $1.9M-5.9% | $1.92M-4.5% | |
| MI | $27.11M0.0% | $27.11M0.0% | $27.1M+0.3% | $27.09M-31.5% | $27.11M-30.7% | |
| Michigan One | $2.29M-53.9% | $960.12K-80.6% | $4.96M+2.9% | $4.96M+2.9% | $4.96M+7.5% | |
| Michigan Two | $3.16M— | $3.16M— | —— | —— | —— | |
| Missouri Arizona | $9.47M-48.2% | $14.33M-24.0% | $16.61M-14.6% | $18.3M-8.4% | $18.28M+23.0% | |
| MO | $11.26M-47.9% | $11.69M-47.3% | $10.75M-37.0% | $21.07M+20.5% | $21.63M+22.1% | |
| NY | $21.31M-12.4% | $22.07M-12.1% | $23.08M-10.7% | $23.58M-5.6% | $24.34M-2.0% | |
| OH | $47.76M+5.5% | $47.16M+5.8% | $46.46M+97.0% | $45.94M+103% | $45.26M+119% | |
| Ohio One | $267.52K+10.3% | $266.51K-89.2% | $265.47K-89.2% | $264.43K-89.3% | $242.63K-90.2% | |
| PA | $14.52M-11.8% | $14.52M-11.5% | $14.52M-11.5% | $17.82M+8.6% | $16.47M-0.4% | |
| Pennsylvania One | $14.5M— | $14.5M— | $4.4M— | —— | —— | |
| Various | $15.22M-19.8% | $15.67M-17.6% | $15.73M-36.8% | $19M-23.8% | $18.98M-35.1% | |
| Various Five | $53.05M+25,156% | $407.94K— | $213.58K— | $816.01K— | $210.06K— | |
| Various Four | $679.57K-76.4% | $818.4K— | $829.47K— | $2.01M— | $2.88M— | |
| Various One | $16.78M-19.8% | $15.6M-24.7% | $15.26M-25.4% | $21.13M+1.0% | $20.92M+0.9% | |
| Various Seven | $1.68M— | $4.87M— | —— | —— | —— | |
| Various Six | $4.82M— | $19.92M— | $19.91M— | $211.82K— | —— | |
| Various Three | $830.4K-95.8% | $2.01M-89.7% | $2.04M— | $19.78M+277% | $19.7M+275% | |
| Various Two | $2.04M-84.6% | $16.72M+50.3% | $19.84M+129% | $14.71M+66.9% | $13.23M+52.6% | |
| WV | $8.49M0.0% | $8.49M0.0% | $8.49M0.0% | $8.49M-31.5% | $8.49M-29.6% | |
| Outstanding Principal by Geography | ||||||
| Arizona One | $1.32M-15.4% | —— | —— | —— | $1.56M-14.3% | |
| Arizona Two | $10M0.0% | —— | —— | —— | $10M+300% | |
| AZ | $6.63M0.0% | —— | —— | —— | $6.63M-58.8% | |
| CA | $16.21M-33.7% | $188.19K+1.7% | $129.45K— | $185.79K— | $24.44M— | |
| California Illinois | $7.44M+11.4% | $759.09K-54.5% | —— | —— | $6.68M+300% | |
| FL | $21.2M+223% | $400K— | $1M-62.4% | $3M— | $6.56M+54.9% | |
| IL | $6.43M-0.4% | —— | $365.13K-32.1% | —— | $6.45M+29.7% | |
| Illinois Arizona | $36.13M+53.3% | $0-100% | $3M+587% | $9.56M— | $23.57M+14.1% | |
| Illinois One | $27.15M+1,314% | $580.4K— | $24.67M+311,694% | $0-100% | $1.92M-4.5% | |
| MI | $27.11M0.0% | —— | —— | —— | $27.11M-30.8% | |
| Michigan One | $2.31M-53.5% | —— | —— | —— | $4.96M+7.5% | |
| Michigan Two | $3.16M+300% | $789.28K— | $789.28K— | $789.28K— | $789.28K-94.1% | |
| Missouri Arizona | $9.49M-48.4% | —— | —— | —— | $18.4M+22.7% | |
| MO | $11.4M-47.4% | $941.46K-81.7% | —— | —— | $21.68M+21.9% | |
| NY | $21.31M-12.4% | —— | —— | —— | $24.34M-2.0% | |
| OH | $47.76M+4.8% | $591.12K-97.2% | $404.86K-57.8% | $578.64K-70.3% | $45.59M+120% | |
| Ohio One | $271.43K+8.6% | —— | —— | $21.43K— | $250K-89.9% | |
| PA | $14.58M-12.1% | —— | —— | $1.35M— | $16.58M+0.3% | |
| Pennsylvania One | $14.55M— | $10.1M— | —— | —— | —— | |
| Various Five | $53.33M+22,757% | $194.45K— | —— | $606.67K— | $233.33K— | |
| Various Four | $700K-75.9% | —— | —— | —— | $2.91M— | |
| Various One | $17.01M-20.5% | $327.33K+80.4% | —— | $138.71K+2.8% | $21.38M+2.9% | |
| Various | $15.33M-20.4% | —— | —— | —— | $19.26M-35.4% | |
| Various Seven | $1.68M+34.3% | $1.25M— | $1.25M— | $1.25M— | $1.25M— | |
| Various Six | $4.94M— | —— | $19.77M— | —— | —— | |
| Various Three | $840K-95.8% | —— | —— | $50.77K— | $20.07M+282% | |
| Various Two | $2.07M-84.5% | —— | $5.35M— | $1.52M+1,065% | $13.29M+52.5% | |
| WV | $8.49M0.0% | —— | —— | —— | $8.49M-29.8% | |
| Percentage Of Loans Held For Investment by Geography | ||||||
| Arizona One | 0.3%— | 0.3%— | —— | —— | —— | |
| Arizona Two | 2.4%— | 2.4%— | —— | —— | —— | |
| AZ | 1.6%— | 1.6%— | —— | —— | —— | |
| CA | 3.9%— | 6.1%— | —— | —— | —— | |
| California Illinois | 1.8%— | 1.8%— | —— | —— | —— | |
| FL | 5.1%— | 2.7%— | —— | —— | —— | |
| IL | 1.6%— | 1.6%— | —— | —— | —— | |
| Illinois Arizona | 8.7%— | 8.8%— | —— | —— | —— | |
| Illinois One | 6.6%— | 6.6%— | —— | —— | —— | |
| MI | 6.6%— | 6.6%— | —— | —— | —— | |
| Michigan One | 0.6%— | 0.2%— | —— | —— | —— | |
| Michigan Two | 0.8%— | 0.8%— | —— | —— | —— | |
| Missouri Arizona | 2.3%— | 3.5%— | —— | —— | —— | |
| MO | 2.8%— | 2.9%— | —— | —— | —— | |
| NY | 5.2%— | 5.4%— | —— | —— | —— | |
| OH | 11.5%— | 11.5%— | —— | —— | —— | |
| Ohio One | 0.1%— | 0.1%— | —— | —— | —— | |
| PA | 3.5%— | 3.5%— | —— | —— | —— | |
| Pennsylvania One | 3.5%— | 3.5%— | —— | —— | —— | |
| Various Five | 12.9%— | 0.1%— | —— | —— | —— | |
| Various Four | 0.2%— | 0.2%— | —— | —— | —— | |
| Various One | 4.1%— | 3.8%— | —— | —— | —— | |
| Various | 3.7%— | 3.8%— | —— | —— | —— | |
| Various Seven | 0.4%— | 1.2%— | —— | —— | —— | |
| Various Six | 1.2%— | 4.9%— | —— | —— | —— | |
| Various Three | 0.2%— | 0.5%— | —— | —— | —— | |
| Various Two | 0.5%— | 4.1%— | —— | —— | —— | |
| WV | 2.1%— | 2.1%— | —— | —— | —— | |
| Original Issue Premium Discount by Geography | ||||||
| Arizona One | -$12.67K+23.7% | -$10.59K— | —— | —— | -$16.59K+50.0% | |
| CA | -$2.43M-4,168% | -$56.83K— | -$56.83K— | -$56.83K— | -$56.83K— | |
| California Illinois | -$142.57K-264% | -$39.16K— | -$39.16K— | -$39.16K— | -$39.16K— | |
| FL | -$32.02K-103% | —— | —— | -$111.94K— | -$15.81K-10.4% | |
| IL | -$5.61K+80.9% | —— | —— | —— | -$29.32K+42.9% | |
| Illinois Arizona | -$403.18K-1,374% | —— | —— | -$510.38K— | -$27.36K+80.0% | |
| Illinois One | -$47.49K-201% | -$15.76K— | -$15.76K— | -$15.76K— | -$15.76K— | |
| MI | -$1.14K-201% | -$378.25— | -$378.25— | -$378.25— | -$378.25+99.4% | |
| Michigan One | -$18.1K— | -$7.75K— | —— | —— | —— | |
| Michigan Two | -$1.54K-300% | -$384.25— | -$384.25— | -$384.25— | -$384.25+99.1% | |
| Missouri Arizona | -$24.58K+79.9% | —— | —— | —— | -$122.13K+10.8% | |
| MO | -$137.59K-186% | -$450+98.5% | -$122.67K— | $0— | -$48.09K+25.7% | |
| Ohio One | -$3.91K+47.0% | —— | —— | —— | -$7.37K— | |
| PA | -$55.03K+49.1% | —— | —— | —— | -$108.04K— | |
| Pennsylvania One | -$53.01K-300% | -$13.25K— | -$13.25K— | -$13.25K— | -$13.25K— | |
| Various Five | -$281.53K-1,110% | -$86— | —— | -$718— | -$23.28K— | |
| Various Four | -$20.43K+17.2% | -$11.07K— | —— | -$28.05K— | -$24.68K— | |
| Various One | -$222.77K+51.7% | —— | —— | —— | -$461.59K-910% | |
| Various | -$108.89K+59.9% | —— | —— | —— | -$271.79K+53.1% | |
| Various Six | -$117.78K— | —— | -$70.07K— | —— | —— | |
| Various Three | -$9.6K+97.4% | -$29.66K+69.6% | —— | —— | -$365.73K-275% | |
| Various Two | -$23.47K+55.6% | —— | -$219.43K— | -$43.01K— | -$52.85K-43.7% | |
| Future Fundings by Geography | ||||||
| Illinois One | $2.36M— | $1.33M— | —— | —— | —— | |
| Various Two | $2.1M-16.2% | $2.5M— | $2.5M— | $2.5M— | $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.
