Chicago Atlantic Real Estate Finance, Inc. (REFI)

Sector - Financials

IPO Profile

About company

They are a newly-formed commercial real estate finance company. Their primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time primarily through consistent current income dividends and other distributions and secondarily through capital appreciation. They intend to achieve this objective by originating, structuring and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Their current portfolio is comprised primarily of senior loans to state-licensed operators in the cannabis industry, secured by real estate, equipment, receivables, licenses or other assets of the borrowers to the extent permitted by applicable laws and regulations governing such borrowers. They intend to grow the size of their portfolio by continuing the track record of their business and the business conducted by their Manager and its affiliates by making loans to leading operators and property owners in the cannabis industry. They are externally managed by Chicago Atlantic REIT Manager, LLC (our “Manager”). Their Manager’s Investment Committee, which is comprised of John Mazarakis, Anthony Cappell, Dr. Andreas Bodmeier, and Peter Sack, advises and consults with their Manager and its investment professionals with respect to their investment strategy, portfolio construction, financing and investment guidelines and risk management and approves all of their investments.
Industry
Reit
CEO CFO
-
Employees Founded
0 2021

Contacts

Address: 420 North Wabash Avenue, Suite 500 Chicago, Il 60611

Telephone: (312) 809-7002

Web page: http://www.chicagoatlanticcredit.com

IPO information

First Trade Date 12/8/2021
Status Priced
Exchange NASDAQ
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)
16
18
16
0
0
Price Low Price High Priced Open 1st day Close 1st day

Shares & Volumes

Shares Initial (MM) 6.3
Shares Revised (MM) 6.3
Expected offer amount (MM) $129
Realized offer amount(MM) $100.8

Financial Data (last reporting year)

Market Cap (MM) $174.15
Revenues (MM) $5.3
Net Income (Loss) (MM) $5.14

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The lead left underwriter: JMP Securities

IPOs led by the firm .Pro
Profitability of conducted IPOs  ?  .Pro
1st day change  ?  .Pro
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Underwriters
JMP Securities/ Compass Point/ Oppenheimer & Co.
CO-Managers
Lake Street Capital Markets/ East West Markets

Sector: Financials

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