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hicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) has announced its fourth-quarter and year-end results for 2024. The company's disciplined underwriting process has been key to its success since its inception in 2019. By focusing on strong operators, cash flow, leverage, and collateral, Chicago Atlantic manages downside risk and protects principal. This approach has enabled the company to grow its portfolio and build a pipeline of nearly $500 million.

    As of December 31, 2024, the total loan principal outstanding was $410.2 million across 30 portfolio companies, with $20.9 million in unfunded commitments. The weighted average yield to maturity decreased to approximately 17.2% due to a prime rate cut and lower yields on recent advances.

    Chicago Atlantic's aggregate loan portfolio, including loans held for investment and at fair value, was 62.1% as of December 31, 2024. Fixed-rate loans increased from 31.9% in 2023 to 37.9% in 2024. In the fourth quarter, the company had total gross originations of $90.7 million, with $52.6 million funded to new borrowers and $38.1 million to existing borrowers on delayed draw term loan facilities. One loan remains on non-accrual status, while all other loans are performing.