Welcome to our dedicated page for Chicago Atlantic Real Estate Finance SEC filings (Ticker: REFI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Chicago Atlantic Real Estate Finance, Inc. (REFI) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Chicago Atlantic Real Estate Finance is a Maryland-incorporated commercial mortgage REIT listed on the Nasdaq Global Market, and it files periodic and current reports that describe its financial condition, loan portfolio and material corporate events.
Among the most important documents for REFI are its annual reports on Form 10-K and quarterly reports on Form 10-Q, which include audited or reviewed financial statements, discussions of net interest income, expenses, current expected credit loss reserves, and details on loans held for investment and related party loans. These filings also describe the company’s focus on originating senior secured loans primarily to state-licensed cannabis operators in limited-license states, its use of a secured revolving credit facility at Chicago Atlantic Lincoln, LLC, and its notes payable due 2028.
Current reports on Form 8-K for Chicago Atlantic Real Estate Finance disclose material events such as amendments to the Sixth Amended and Restated Loan and Security Agreement that extended the contractual maturity of the Revolving Loan, earnings releases furnished under Item 2.02, earnings supplemental presentations furnished under Item 7.01, and shareholder meeting results under Item 5.07. These filings also confirm REFI’s status as an emerging growth company and its registration of common stock on the Nasdaq Global Market.
On Stock Titan, REFI filings are updated as they are made available on EDGAR, and AI-powered summaries help explain key points in lengthy documents, including how non-GAAP measures like Distributable Earnings are defined and reconciled. Users can review Forms 10-K, 10-Q, 8-K and other submissions, as well as exhibits related to the company’s revolving credit facility and other material agreements, to better understand Chicago Atlantic Real Estate Finance’s regulatory and financial reporting history.
Chicago Atlantic Real Estate Finance (REFI) furnished an update on its quarterly performance. The company announced that a press release covering financial results for the third quarter ended September 30, 2025 is available as Exhibit 99.1, and an earnings supplemental presentation is available as Exhibit 99.2.
The presentation supports a conference call scheduled for November 4, 2025 at 9:00 a.m. Eastern. Both exhibits are furnished, not filed, and the presentation is also posted on the company’s Investor Relations website.
Chicago Atlantic Real Estate Finance (REFI) reported Q3 2025 results. Net income was $8.93 million with basic and diluted EPS of $0.42. Net interest income was $13.69 million on interest income of $15.25 million and interest expense of $1.57 million. The quarter included a $0.56 million provision for current expected credit losses and a common dividend of $0.47 per share.
Total assets were $427.1 million. Loans held for investment, net, were $393.06 million after a CECL reserve of $4.99 million, representing 1.25% of principal. Two loans were on non‑accrual as of September 30, 2025 totaling $23.88 million by carrying value. Cash and cash equivalents were $28.92 million.
On the balance sheet, the revolving loan was $52.4 million outstanding with $57.6 million availability and a 7.25% rate; its maturity was extended to June 30, 2028 on August 5, 2025. Unsecured notes payable were $49.27 million, bearing 9.00% and maturing October 18, 2028. Shares outstanding were 21,075,298 as of November 3, 2025.
Chicago Atlantic Real Estate Finance (REFI) disclosed an insider transaction: Executive Chairman and Director John Mazarakis purchased 8,000 shares of common stock at $12.75 on October 16, 2025.
After the trade, he directly owns 416,607 shares. Additional indirect holdings are listed as 5,000 shares by spouse and 31,524 shares held through interests in Joppa Seasoning, LLC. The reporting person disclaims beneficial ownership of the indirect shares except to the extent of his pecuniary interest.
Chicago Atlantic Real Estate Finance (REFI): Co‑Chief Executive Officer and Director Peter Sack reported an open‑market purchase of 8,150 shares of common stock on 10/14/2025 at $12.43 per share. Following the transaction, he beneficially owned 81,257 shares.
The filing also notes a previously granted award of 28,398 restricted shares on April 1, 2025 under the 2021 Omnibus Incentive Plan, vesting in three equal annual installments over 12, 24, and 36 months.
Chicago Atlantic Real Estate Finance (REFI) disclosed an insider purchase. Director Brandon Konigsberg bought 7,000 shares of common stock on 10/14/2025 at $12.328 per share, coded “P” for a purchase. Following the transaction, he beneficially owns 27,546 shares held directly.
This Form 4 reports a single non-derivative transaction; no derivative positions were listed.
Chicago Atlantic Real Estate Finance (REFI) reported an insider purchase by Chief Operating Officer David Kite. He bought 2,500 shares on 10/14/2025 at $12.31 and another 2,500 shares on 10/15/2025 at $12.70. Following these transactions, his beneficial ownership rose to 59,516 shares.
The filing also notes a prior grant of 28,398 restricted shares awarded on April 1, 2025 under the 2021 Omnibus Incentive Plan, vesting in equal thirds after 12, 24, and 36 months.
Chicago Atlantic Real Estate Finance (REFI) director Jason Papastavrou reported open‑market purchases on 10/15/2025. He bought 10,000 shares of common stock at $12.615 directly, 5,000 shares at $12.71 through a trust for which he serves as trustee, and 3,000 shares at $12.68 as custodian.
After these trades, he directly held 49,546 shares, with additional indirect positions as disclosed. Separately, on April 1, 2025, he was awarded 5,071 restricted shares under the company’s 2021 Omnibus Incentive Plan, scheduled to vest over one year.
John Mazarakis, Executive Chairman and Director of Chicago Atlantic Real Estate Finance, Inc. (REFI), reported purchasing shares on 10/01/2025. He acquired 7,500 shares of REFI common stock at a price of $12.43 per share, increasing his direct beneficial ownership to 408,607 shares. The filing also reports indirect holdings of 5,000 shares held by his spouse and 31,524 shares held through interests in Joppa Seasoning, LLC, with the reporting person disclaiming beneficial ownership except for his pecuniary interest.
The Form 4 is signed 10/02/2025 and shows the filing was made by a single reporting person. No derivative transactions or additional amendments are reported in this filing.
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