Welcome to our dedicated page for Chicago Atlantic Real Estate Finance news (Ticker: REFI), a resource for investors and traders seeking the latest updates and insights on Chicago Atlantic Real Estate Finance stock.
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is a commercial mortgage REIT that focuses on originating senior secured loans primarily to state-licensed cannabis operators in limited-license U.S. states. The REFI news feed on Stock Titan aggregates company press releases, earnings announcements and other public updates so readers can follow how this specialized lender manages its portfolio and capital structure over time.
News about Chicago Atlantic Real Estate Finance frequently centers on quarterly and annual financial results, where the company reports net interest income, total expenses, net income, Distributable Earnings and details on its loan portfolio. These releases often include commentary from management on loan originations, repayments, unfunded commitments, yield to maturity and the mix of variable versus fixed-rate loans.
Investors can also find regular announcements about REFI’s dividend declarations, reflecting its REIT status and focus on distributing a significant portion of taxable income. Additional news items include updates on its secured revolving credit facility at Chicago Atlantic Lincoln, LLC, such as the extension of the facility’s contractual maturity, as well as Form 8-K disclosures related to material definitive agreements and shareholder meeting results.
Because Chicago Atlantic Real Estate Finance operates in a niche area of commercial real estate finance tied to state-licensed cannabis operators, its news flow can provide insight into lending conditions in limited-license states and the company’s approach to risk-adjusted returns. Bookmark this page to review REFI’s earnings releases, dividend announcements, capital markets activity and other official communications as they are reported.
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) has announced the release of its fourth quarter and annual results for the year ending December 31, 2021. The earnings report will be issued before market opening on March 22, 2022, followed by a conference call at 10:00 a.m. ET that will be accessible to the public. Chicago Atlantic focuses on originating senior secured loans primarily to state-licensed cannabis operators in limited-license states across the U.S.
FARMACEUTICALRX has secured a $34 million senior secured term loan from Chicago Atlantic Real Estate Finance (REFI) and other lenders. The funds will finance the completion of its 100,000 sq. ft. cultivation facility in Ohio, repay current debts, purchase equipment, and cover working capital needs. CEO Rebecca Myers expressed optimism about Ohio's market potential, emphasizing their focus on premium organic medical marijuana products. This partnership aims to enhance their operational capacity and brand presence in the expanding cannabis market.
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) announced a $10 million funding as part of a $25 million senior secured credit facility for Sanctuary Medicinals LLC. This financing supports Sanctuary's retail and cultivation expansion in Florida, where Sanctuary plans to establish over 18 new dispensaries in 2022. Since its IPO in December 2021, Chicago Atlantic has funded approximately $74.2 million across various operators, emphasizing its role in the cannabis finance sector.
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) has announced a senior secured credit facility for MEDfarms LLC, a leading cannabis operator in Michigan. This partnership aims to bolster MEDfarms' balance sheet and expand its market share. The funding will enable MEDfarms to open more locations, launch new products, and strengthen vendor and customer relationships. MEDfarms has established itself with four dispensaries and strong brands like "HYMAN" and "Chill Medicated." This collaboration highlights Chicago Atlantic's commitment to the cannabis sector and strategic growth for both companies.
Chicago Atlantic Real Estate Finance, Inc. (REFI) has announced a quarterly dividend of $0.26 per share for the quarter ending December 31, 2021. The payment will be made on January 14, 2022 to shareholders on record as of December 31, 2021. The Board of Directors has indicated that this dividend will result in a total distribution of 100% of the company's distributable earnings for the year. REFI specializes in financing state-licensed cannabis operators and boasts a senior management team with over 100 years of combined experience in real estate credit and investment.
Chicago Atlantic Real Estate Finance, Inc. (REFI) has announced that its subsidiary, Chicago Atlantic Lincoln, LLC, secured a $45 million revolving credit facility with two FDIC-insured banks. The loan has a maturity date of December 16, 2023, with a one-year extension option. Interest rates will float between 0% to 1.25% over the Prime Rate, which has a floor of 3.25%. The funds will be used for additional loans and corporate purposes, reflecting the company's commitment to expanding its investments in the cannabis real estate sector.
Chicago Atlantic Real Estate Finance, Inc. has successfully closed its initial public offering of 6,250,000 shares at a price of $16.00 per share, raising approximately $100 million in gross proceeds. The company's common stock began trading on NASDAQ under the symbol REFI on December 8, 2021. The underwriters also received a 30-day option to purchase up to 937,500 additional shares. Chicago Atlantic focuses on financing state-licensed cannabis operators and aims to qualify as a REIT.
Chicago Atlantic Real Estate Finance has priced its initial public offering (IPO) at $16.00 per share, offering 6,250,000 shares. Trading on NASDAQ under the symbol REFI is set to begin on December 8, 2021, with the offering closing around December 10, 2021. The company aims to raise approximately $100 million in gross proceeds. The net proceeds will be utilized for investments aligned with its strategies. A 30-day option for underwriters to purchase an additional 937,500 shares is also granted.
Chicago Atlantic Real Estate Finance has filed a registration statement on Form S-11 for an initial public offering of 6,250,000 shares of common stock, priced between $16.00 to $18.00 per share. Chicago Atlantic aims for NASDAQ listing under the symbol REFI. A 30-day underwriter option for up to 937,500 additional shares is also included. The net proceeds will fund investments aligned with its objectives in the cannabis sector. The offering depends on market conditions and requires SEC effectiveness.