Chicago Atlantic Real Estate Finance, Inc..
REFI.US | Trusts, funds and similar financial entities
Chicago Atlantic Real Estate Finance, Inc. is a commercial real estate finance company that focuses on originating, structuring, and investing in first mortgage loans and other debt investments secured by real estate properties. The company primarily targets the cannabis industry, providing capital ...Show More
Better Health for All
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No evidence available to assess Chicago Atlantic Real Estate Finance, Inc. on Better Health for All.
Fair Money & Economic Opportunity
-50
Chicago Atlantic Real Estate Finance, Inc. (REFI) reported a weighted average yield to maturity of approximately 19.4% as of March 31, 2024, and 18.7% as of June 30, 2024.
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These loan rates are described as a 800-to 1000-basis-point premium above similar mortgage indebtedness in the broader commercial real estate market.
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REFI committed $150 million to the New York Cannabis Social Equity Investment Fund.
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However, this fund has faced criticism regarding its loan terms and rollout, with accusations of 'predatory' loans and a 'sweetheart deal' for the lender.
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The fund's performance lags behind goals, and there have been issues with its rollout, including withholding information about costs and a 'no-fly zone' map for retail locations.
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The company's core business is commercial real estate finance, not consumer lending, and there is no evidence of direct inclusion programs or specific wealth-building outcomes for its borrowers.
Fair Pay & Worker Respect
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No evidence available to assess Chicago Atlantic Real Estate Finance, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess Chicago Atlantic Real Estate Finance, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
-40
The company has a whistleblower policy, as indicated by a linked document on its corporate governance overview page.
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However, no further details are provided regarding the policy's strength, enforcement, training, or resolution processes, which limits the ability to assess its effectiveness beyond its mere existence.
Kind to Animals
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REFI.US is a commercial real estate finance company and a REIT, primarily providing loans to the cannabis industry.
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Its core business model does not involve products, animal testing, animal husbandry, or direct impact on wildlife habitats.
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Therefore, KPIs related to cruelty-free certification, alternative testing, humane operations, ethical input substitution, supplier audits, cage-free sourcing, animal testing policy/volume, innovation investment in animal-free tech, animal agriculture ethics, and animal-free R&D collaboration are not applicable.
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The company's operations also do not directly intersect with animal welfare policies, making public policy engagement on this topic not applicable.
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No War, No Weapons
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No evidence available to assess Chicago Atlantic Real Estate Finance, Inc. on No War, No Weapons.
Planet-Friendly Business
-20
The company has no specific regulatory actions, violations, fines, or compliance issues mentioned in the provided articles.
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No other ESG performance metrics are available for the company in the provided information.
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Respect for Cultures & Communities
-10
The company has no formal partnership agreements with indigenous or local community groups, despite operating in areas with local populations in Ukraine. While a whistleblower policy
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and a mechanism to report code violations are available, these are standard grievance processes for employees and stakeholders, not explicitly community-specific mechanisms. The company pledges collaboration with local authorities, NGOs, and community leaders in Ukraine, but there is no evidence of community members holding positions on governance or advisory bodies.
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There are no reported cultural appropriation incidents, nor is there evidence of a formal cultural impact assessment protocol, FPIC processes, cultural preservation investment, cultural site protection, social license to operate, charitable giving focused on cultural heritage, community fund allocations, language inclusivity, cultural incident response frameworks, or cultural sensitivity training.
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Safe & Smart Tech
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No evidence available to assess Chicago Atlantic Real Estate Finance, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No evidence available to assess Chicago Atlantic Real Estate Finance, Inc. on Zero Waste & Sustainable Products.