Exhibit 18

CALCULATION OF FILING FEE TABLE

Form N-14

(Form Type)

Chicago Atlantic BDC, Inc.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward
File Number

Carry Forward Initial Effective Date

Filing Fee Previously Paid In Connection with Unsold Securities to be carried Forward

Newly Registered Securities

Fees to Be Paid

Equity

Common Stock, par value $0.01 per share

457(o)

(1)

N/A

$267,231,931.72⁽¹⁾

0.00013810

$36,904.73⁽²⁾

—

Fees Previously Paid

—

Total Offering Amounts

$267,231,931.72

$36,904.73

Total Fees Previously Paid

$0.00

Total Fee Offsets

$0.00

Net Fee Due

$36,904.73

(1)

In accordance with Rule 457(f) under the Securities Act of 1933, as amended, the proposed maximum aggregate value of the transaction estimated solely for the purposes of calculating the filing fee was calculated, as of July 22, 2026, based on the market value of shares of common stock of Chicago Atlantic Real Estate Finance, Inc. (“REFI”) using the average of the high and low price of the REFI common stock on July 22, 2026, as reported on the Nasdaq Global Market and 26,020,636 shares of REFI common stock outstanding as of July 22, 2026.


(2)	In accordance with Rule 457(o) under the Securities Act, the filing fee was determined as the product of the maximum aggregate value of the transation as calculated in note (1) above multiplied by the filing fee rate of $138.10 per million dollars.