Financing ·
On July 9, 2026, Chicago Atlantic Real Estate Finance, Inc. entered into a loan agreement with Koach Capital Fund I…
REFIChicago Atlantic Real Estate Finance, Inc.
On July 9, 2026, Chicago Atlantic Real Estate Finance, Inc. entered into a loan agreement with Koach Capital Fund I LLC and affiliated entities. The company issued 4,306,754 shares of common stock at $14.53 per share in a private placement to acquire second lien promissory notes totaling approximately $62.5 million. The issued shares represent roughly 16.8% of the company's outstanding common stock. The notes carry a 12.0% annual interest rate, consisting of 10.0% cash and 2.0% payment-in-kind, with a weighted average maturity of 12 years and a 2.5x exit fee. This transaction is permitted under a previously announced merger agreement with Chicago Atlantic BDC, Inc. Chicago Atlantic Real Estate Finance, Inc. is a real estate finance company.