REFI - NASDAQ
Chicago Atlantic Real Estate Finance, Inc.
$11.26
-0.18%Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2021 and is based in Chicago, Illinois.
At a Glance
Live SnapshotChicago Atlantic Real Estate Finance, Inc. Management Team
Mr. Phillip Silverman CPA
Chief Financial Officer, Company Secretary, Treasurer & Controller
Mr. David Kite
Chief Operating Officer of Chicago Atlantic REIT Manager, LLC
Mr. Anthony Robert Cappell
Co-Chief Executive Officer & Director of Chicago Atlantic REIT Manager, LLC
Mr. Peter S. Sack
Co-Chief Executive Officer & Director of Chicago Atlantic REIT Manager, LLC
Ms. Brett Clayton
Controller
Mr. John Michael Mazarakis
Executive Chairman of the Board of Chicago Atlantic REIT Manager, LLC
Dr. Andreas A. Bodmeier Ph.D.
President, Chief Investment Officer & Director of Chicago Atlantic REIT Manager, LLC
Chicago Atlantic Real Estate Finance, Inc. Insider Positioning
During the last 12 months, insiders have purchased $483K worth of REFI shares, with no selling activity reported.
3 Months
0
0.00
0
0.00
+0
+$0
3-6 Months
0
0.00
0
0.00
+0
+$0
6-9 Months
38.6K
483.39K
0
0.00
+483K
+$483K
9-12 Months
0
0.00
0
0.00
+0
+$0
Top Buyers
Mazarakis John
Director, Officer: Executive Chairman
$195K
Sack Peter
Director, Officer: Co-Chief Executive Officer
$101K
Konigsberg Brandon
Director
$86K
Kite David
Officer: Chief Operating Officer
$63K
Papastavrou Jason D
Director
$38K
Top Sellers
No selling activity
Insider Activity Analysis
Net Insider Sentiment
Strong bullish signal with $483K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.
Buy/Sell Ratio
Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.
Insider Participation
5 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.
Insider Activity Insight
Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.
SEC Filings
REFI - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
DEF 14A DEF 14A 2026 N/A | April 23, 2026 | April 22, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 28, 2025 | June 13, 2025 | 2025 | |
DEF 14A DEF 14A 2024 N/A | April 26, 2024 | June 13, 2024 | 2024 | |
DEF 14A DEF 14A 2023 N/A | April 28, 2023 | June 15, 2023 | 2023 | |
DEF 14A DEF 14A 2022 N/A | May 02, 2022 | June 02, 2022 | 2022 |
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.