Chicago Atlantic Real Estate Finance, Inc.

Frequently Asked Questions About REFI

What does REFI invest in?

Chicago Atlantic Real Estate Finance, Inc. functions as a commercial real estate financing enterprise operating throughout the United States. Its primary activities include developing, arranging, and deploying capital into various secured debt instruments, notably first mortgage loans, which are collateralized by commercial properties. A specific area of focus for the company is extending senior-priority loans to both state-approved operators and property owners within the legal cannabis industry. Chicago Atlantic has chosen to be taxed as a Real Estate Investment Trust (REIT), which allows it to avoid federal corporate income tax, conditional on distributing a minimum of 90% of its taxable profits to its investors. The firm was established in 2021 and is headquartered in Chicago, Illinois.

What is the expense ratio of REFI?

An expense ratio for Chicago Atlantic Real Estate Finance, Inc. (REFI) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is REFI?

Chicago Atlantic Real Estate Finance, Inc. (REFI) manages $228.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is REFI actively managed or an index fund?

REFI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was REFI launched?

Chicago Atlantic Real Estate Finance, Inc. (REFI) launched in December 2021 and is managed by the fund issuer.

How has REFI performed?

REFI's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.