Sachem Capital Corp. operates in the financial industry as a mortgage real estate investment trust (REIT) focused on originating short-term real estate loans secured by first-lien mortgages.
The company provides capital to real estate developers and investors seeking financing for property acquisition, construction, renovation, or redevelopment projects, primarily within the United States.
Its lending activities include:
• Short-term bridge loans secured by first-lien mortgages.
• Financing for property renovations and redevelopment projects.
• Loans for fix-and-flip real estate investments.
• Asset-backed real estate credit solutions with conservative loan-to-value structures.
Sachem Capital’s loan portfolio typically consists of short-duration loans, generally with maturities of up to three years, designed to support real estate transactions that require flexible or rapid financing.
The company’s operations are concentrated in the United States, with a stronger presence in the Northeastern region and in Florida. Its borrowers include real estate developers, independent investors and construction-related businesses.
Market conditions affecting Sachem Capital include interest rate movements, real estate market trends, borrower credit quality and regulatory requirements applicable to REITs.
The company maintains teams responsible for loan origination, underwriting, credit analysis, servicing, legal support and portfolio management, supporting its lending operations and risk monitoring.
As a mortgage REIT, Sachem Capital distributes a significant portion of its taxable income to shareholders in accordance with U.S. REIT regulations.
Sachem Capital Corp. trades on the NYSE under the ticker SACH.
History and Development
Sachem Capital Corp. was founded in 2010 in Branford, Connecticut, with the objective of providing short-term, asset-backed financing to the real estate market.
During its early years, the company focused on regional lending activities while building a diversified portfolio of secured real estate loans.
In 2016, the company completed a corporate restructuring and adopted the name Sachem Capital Corp., reinforcing its strategy as a publicly traded mortgage REIT focused on real estate lending.
The company conducted its initial public offering (IPO) on February 10, 2017, on the NYSE American, which expanded its capital base and supported the growth of its lending platform.
In recent years, the firm has navigated periods of rising interest rates and volatility in real estate markets, adjusting its underwriting standards and credit policies while maintaining a strategy centered on secured lending and capital preservation.