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Benzinga
Benzinga
Business
Vuk Zdinjak

Chicago Atlantic Real Estate Finance Upsizes Its Revolving Credit Facility To $65M

Chicago Atlantic Lincoln, LLC wholly-owned financing subsidiary of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), entered into an amended and restated loan and security agreement by and among Chicago Atlantic Lincoln and two FDIC-insured financial institutions related to upsizing its secured revolving credit facility.

The revolving loan’s aggregate commitment was increased from $45.0 million to $65.0 million with a maturity date of December 16, 2023, and a one-year extension option, subject to customary conditions.

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