Sachem Capital Corp. 6.875% Not
SACC
New York Stock Exchange American24.98
USD
+0.00
- -
CIK
0001682220
ISIN
US78590A3077
CUSIP
78590A307
Return %
Stock
S&P500
1Y
1.46
26.53
3Y
-1.15
76.60
5Y
-0.87
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- None
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- Branford NY United States of America
- IPO Date
- Nov 12, 2019
- CIK
- 0001682220
- Website
- sachemcapitalcorp.com
- Similar Companies
- Business
- Sachem Capital Corp., a mortgage real estate investment trust (REIT), specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property, primarily residential and commercial properties held for resale or investment; offers secured, non-banking "hard money" loans typically with terms of 12 to 36 months to real estate investors and developers for acquisition, renovation, rehabilitation, development, or improvement projects; and pursues opportunistic real estate purchases apart from its core lending activities. The company, founded in 2010 and headquartered in Branford, Connecticut, primarily operates in the United States with a focus on properties located on the Eastern Seaboard. Sachem Capital targets real estate investors and developers who require quick bridge financing, emphasizing a conservative loan-to-value ratio underwriting approach, with each loan personally guaranteed by the borrower's principals. In recent developments, Sachem Capital closed a $100 million private placement of five-year senior secured notes due June 2030 through its subsidiary in June 2025, rated investment grade A by Egan-Jones Ratings Company, using proceeds to repay existing obligations including $56.3 million of unsecured subordinated notes and to originate new loans; completed a $5 million investment for a 20% membership interest in Shem Creek Capital LLC, a commercial real estate finance firm, in September 2024, with an option to acquire an additional 10% by 2027; and fully repaid and delisted its 6.875% unsecured notes due December 2024 (ticker: SACC) and 7.75% unsecured notes due September 2025 (ticker: SCCC), extending its debt maturity profile and enhancing liquidity.