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REFI| Name | Value |
|---|---|
| Revenues | 15.0M |
| Cost of Revenue | 1.8M |
| Gross Profit | 13.2M |
| Operating Expense | 4.3M |
| Operating I/L | 11.0M |
| Other Income/Expense | -1.8M |
| Interest Income | 15.0M |
| Pretax | 9.2M |
| Income Tax Expense | 9.2M |
| Net Income/Loss | 9.2M |
Chicago Atlantic Real Estate Finance, Inc. is a commercial real estate finance company in the United States. It specializes in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company also provides senior loans to state-licensed operators and property owners in the cannabis industry. By electing to be taxed as a real estate investment trust (REIT) and distributing at least 90% of its taxable income to stockholders, it avoids federal corporate income taxes. This business model allows the company to generate revenue through interest income from mortgage loans and structured financings.
