Sachem Capital Corp. 7.75% Note
SCCC
New York Stock Exchange Arca24.99
USD
+0.01
- -
CIK
0001682220
ISIN
US78590A4067
Return %
Stock
S&P500
1Y
0.24
26.53
3Y
9.61
76.60
5Y
2.08
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
- John L. Villano
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- Branford NY United States of America
- IPO Date
- Sep 10, 2020
- CIK
- 0001682220
- Website
- sachemcapitalcorp.com
- Similar Companies
- Business
- Sachem Capital Corp. is a 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; it offers secured, non-banking loans typically with terms of one to three years to real estate investors and developers for the acquisition, renovation, rehabilitation, development, or improvement of residential and commercial properties held for resale or investment; the company also pursues opportunistic real estate purchases. Founded in 2010 and headquartered in Branford, Connecticut, Sachem Capital operates primarily in the northeastern and southeastern United States, with a conservative underwriting approach centered on low loan-to-value ratios and personal guarantees from borrowers. In September 2024, the company acquired a 20% membership interest in Shem Creek Capital LLC, a commercial real estate finance firm, for $5 million to diversify into asset management, with an option to purchase an additional 10% stake by 2027; in 2025, it completed a $100 million senior secured notes offering due 2030 through a subsidiary and appointed Jeffery C. Walraven as permanent Chief Financial Officer effective September 1.