Sachem Capital Corp. 7.125% Not
SCCB
New York Stock Exchange Arca24.98
USD
+0.00
- -
CIK
0001682220
ISIN
US78590A2087
CUSIP
78590A208
Return %
Stock
S&P500
1Y
- -
26.53
3Y
1.13
76.60
5Y
6.48
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
- Jun 28, 2019
- CIK
- 0001682220
- Website
- sachemcapitalcorp.com
- Similar Companies
- Business
- Sachem Capital Corp. is a Connecticut-based mortgage real estate investment trust that specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property; these secured, non-banking loans, typically lasting one to three years and commonly referred to as hard money loans, are provided to real estate investors and developers to finance the acquisition, renovation, rehabilitation, development, or improvement of residential or commercial properties held primarily for resale or investment on the Northeastern and Southeastern Seaboard of the United States. The company also pursues opportunistic real estate purchases and holds partnership interests in limited liability companies managed by Shem Creek Capital, a commercial real estate finance firm focused on debt solutions in the Northeastern U.S.; these investments include fund structures, direct loan co-investments, and a manager investment, with ownership ranging from 7% to 100% across seven entities as of September 2024. Founded in 2010 and headquartered in Branford, Connecticut, at 568 East Main Street, Sachem Capital Corp., formerly known as HML Capital Corp. until its name change in December 2016, reported full-year 2024 revenue of $57.5 million, reflecting a decline from 2023 due to reduced loan originations and portfolio size, alongside a 48.8% year-over-year increase in income from partnership investments; in September 2024, it acquired a 20% membership interest in an additional Shem Creek entity, contributing to aggregate investments of $51.6 million that generated $3.9 million in income for the first nine months of 2024, while continuing to emphasize capital preservation, debt management, and selective loan sales amid challenging market conditions.
Sachem Capital Corp. 7.125% Not (OTCMKTS:SCCB) Shares Cross Below Two Hundred Day Moving Average – What’s Next?
Sachem Capital Corp. 7.125% Not (OTCMKTS:SCCB) Share Price Passes Below 50 Day Moving Average – Here’s Why