Sachem Capital Corp. 8.00% Note
SCCG
New York Stock Exchange American24.01
USD
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Sachem Capital Corp. 8.00% Note
SCCG
(New York Stock Exchange American)
Recent
price
24.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- Sachem Capital Corp., a mortgage real estate investment trust founded in 2010 and headquartered in Branford, Connecticut, specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property; offers secured, non-banking loans typically with terms of 12 to 36 months, commonly known as hard money loans, to real estate investors and developers for the acquisition, renovation, rehabilitation, development, or improvement of residential and commercial properties primarily located on the Eastern Seaboard of the United States, including the northeastern and southeastern regions; applies conservative loan-to-value ratios as primary underwriting criteria, with each loan personally guaranteed by the borrower's principals; and pursues opportunistic real estate purchases apart from its core lending activities. The company serves real estate owners and investors who require flexible financing solutions often unavailable from traditional banks, generating revenue predominantly from interest income on its loan portfolio while aiming to deliver attractive risk-adjusted returns to shareholders through dividends. Recent developments include the completion in September 2024 of a $5 million investment acquiring a 20% membership interest in Shem Creek Capital LLC, a commercial real estate finance firm, with an option to purchase an additional 10% stake by 2027 following prior $47 million investments that yielded double-digit returns; the closing of a $100 million senior secured notes private placement in 2025 to refinance $56.3 million of maturing unsecured subordinated notes and extend debt maturities; the appointment of Jeffery C. Walraven as permanent Executive Vice President and Chief Financial Officer effective September 1, 2025, after serving as interim since December 2024; and the full repayment and delisting of its 7.75% unsecured notes (SCCC) maturing September 30, 2025.