Sachem Capital Corp. 7.125% Not
SCCF
New York Stock Exchange Arca24.18
USD
+0.06
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Sachem Capital Corp. 7.125% Not
SCCF
(New York Stock Exchange Arca)
Recent
price
24.18
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Sachem Capital Corp. Sachem Capital Corp. is a mortgage real estate investment trust that specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term, secured, non-banking loans, commonly known as hard money loans, collateralized by first mortgage liens on real property; its core products and services include bridge loans, acquisition loans, construction loans, refinance loans, and specialty finance options tailored for real estate investors and developers funding the acquisition, renovation, rehabilitation, development, or improvement of residential, commercial, multifamily, industrial, retail, mixed-use, land, and assisted living properties. Founded in 2010 and headquartered in Branford, Connecticut, the company operates primarily across the Eastern Seaboard and Sunbelt regions of the United States, including states such as Connecticut, Florida, New York, North Carolina, Massachusetts, South Carolina, New Jersey, Pennsylvania, Georgia, Maryland, Maine, Rhode Island, Tennessee, Texas, and California, with a focus on borrowers who are experienced developers and investors seeking flexible, rapid financing solutions that traditional banks often overlook. Sachem Capital generates revenue from interest income on its loan portfolio, origination fees, extension fees, and construction management fees on select loans, while maintaining strict underwriting standards such as maximum loan-to-value ratios of 70%, maximum loan-to-cost ratios of 85%, personal guarantees, cross-collateralization where applicable, and third-party appraisals. Recent strategic developments include the acquisition of a seventh 20% membership interest in Shem Creek Capital-managed entities in September 2024, bringing aggregate investments to $51.6 million across seven limited liability companies focused on commercial real estate debt solutions in the Northeastern United States and generating double-digit yields; the closing of a new $100 million senior secured notes issuance due June 2030 to enhance financial flexibility, repay obligations, and support loan origination growth; an ongoing sales agreement entered with Ladenburg Thalmann & Co. Inc. in November 2025; and the vertical integration of Urbane Capital, LLC since 2022 to bolster in-house construction management, asset protection, and project oversight capabilities for enhanced loan workout and development efficiencies. As of September 30, 2024, the company maintains total assets of approximately $556 million, including 226 loans with a net book value of $457 million, an average loan size of $2.1 million, and an average portfolio yield of 13.1%, while operating as a non-bank lender with in-house legal, compliance, servicing, and asset management functions to preserve capital and deliver risk-adjusted returns to shareholders through dividends.