Chicago Atlantic Real Estate Finance (REFI) Loans - Net (2022 - 2026)
Chicago Atlantic Real Estate Finance (REFI) recorded Loans - Net of $398.53 million in Q2 2026, down 2.7% from $409.55 million a year earlier and down 0.5% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) Loans - Net (2022 - 2026) Analysis & Trends
At the end of FY2025, Chicago Atlantic Real Estate Finance reported Loans - Net of $403.89 million, up 1.4% from FY2024.
- Annual Loans - Net has increased for three straight years, with a three-year compound annual growth rate of 6.4% (FY2022 to FY2025).
- Across earlier years, Loans - Net came in at $398.13 million in FY2024 (+14.2%), $348.67 million in FY2023 (+4.0%) and $335.33 million in FY2022.
- Quarterly Loans - Net has ranged from $333.68 million in Q3 2023 to $409.55 million in Q2 2025 over the past five years.
- On a year-over-year basis, Loans - Net rose in seven of the last eight quarters, with growth averaging 5.9%.
- Peak year-over-year performance for Loans - Net in the last five years was growth of 14.2% in Q4 2024, against a decline of 2.7% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $400.56 million (Q1 2026), $403.89 million (Q4 2025) and $393.06 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Loans - Net (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 4,119.01 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 9.00 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 91.90 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | - |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 7.28 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Chicago Atlantic Real Estate Finance | 213.57 Mn | 128.49 Mn | - | 398.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 398.53 Mn |
| Mar 31, 2026 | 400.56 Mn |
| Dec 31, 2025 | 403.89 Mn |
| Sep 30, 2025 | 393.06 Mn |
| Jun 30, 2025 | 409.55 Mn |
| Mar 31, 2025 | 396.18 Mn |
| Dec 31, 2024 | 398.13 Mn |
| Sep 30, 2024 | 350.58 Mn |
| Jun 30, 2024 | 376.78 Mn |
| Mar 31, 2024 | 370.49 Mn |
| Dec 31, 2023 | 348.67 Mn |
| Sep 30, 2023 | 333.68 Mn |
| Dec 31, 2022 | 335.33 Mn |
API Access
Chicago Atlantic Real Estate Finance Loans - Net API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=loans-net&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "loans-net", "ticker": "REFI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=loans-net&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();