Sachem Capital Corp is a real estate finance company that specializes in originating, servicing, and managing a portfolio of short-term, high-yield loans to real estate investors who acquire and renovate residential and commercial properties. The company operates in the following segments: real estate lending and investment, non-performing loan (NPL) acquisition and resolution, and property management.
Sachem Capital Corp 6.875% Notes Due 2024 (SACC) is a debt security issued by the company with a maturity date of October 31, 2024. The notes pay interest at a rate of 6.875% per annum and are traded on the NASDAQ exchange under the ticker symbol SACC. The notes are unsecured and are not convertible into common stock of Sachem Capital Corp.
As of September 30, 2021, Sachem Capital Corp had a total loan portfolio of approximately $387 million and a total equity of $117 million. The company reported total revenues of $33 million and net income of $13 million for the nine months ended September 30, 2021. The company has a market capitalization of approximately $255 million as of February 18, 2023.
Investors interested in Sachem Capital Corp 6.875% Notes Due 2024 (SACC) should carefully consider the risks and uncertainties associated with investing in debt securities, including but not limited to the credit risk of the issuer, interest rate risk, and liquidity risk. It is important to conduct thorough research and analysis before making any investment decisions.
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