Chicago Atlantic Real Estate Finance issues 4,306,754 shares for $62.5 million Koach second-lien notes tied to cannabis retail properties

REFI•2026-07-13

$62.5 million second-lien financing tied to cannabis retail properties

Chicago Atlantic Real Estate Finance completed a $62.5 million second-lien financing tied to 32 cannabis-leased retail properties managed by Koach.

The company issued 4,306,754 common shares at $14.53 each in exchange for second lien notes with a $62.5 million principal balance.

The second lien notes carry 10% cash interest, 2% PIK interest, a 2.5x exit fee, and about a 12-year weighted-average maturity.

Sources

Chicago Atlantic Real Estate Finance issues 4,306,754 shares for $62.5 million Koach second-lien notes tied to cannabis retail properties

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Chicago Atlantic Real Estate Finance issues 4,306,754 shares for $62.5 million Koach second-lien notes tied to cannabis retail properties

$62.5 million second-lien financing tied to cannabis retail properties

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Sources

Chicago Atlantic Real Estate Finance issues 4,306,754 shares for $62.5 million Koach second-lien notes tied to cannabis retail properties

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