SACHNYSEReal Estate Investment TrustsUS GAAP · USD

Sachem Capital Corp.

Sachem Capital Corp. is a U.S.-based real estate investment trust that originates, underwrites, funds, services, and manages short-term first mortgage loans. Its lending is focused on real estate owners, investors, developers, and contractors financing acquisition, renovation, development, rehabilitation, or improvement projects, primarily in the northeastern and southeastern United States.

Liikevaihto21,5milj. USD
−62,5 %v/v
Nettotulos6,3milj. USD
+115,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−20020406080milj. USD2020: 19 milj. USD20202021: 30 milj. USD20212022: 52 milj. USD20222023: 66 milj. USD2023: EBIT 15 milj. USD20232024: 58 milj. USD2024: EBIT −18 milj. USD20242025: 22 milj. USD202522
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
First mortgage loans80 %

Short-duration secured loans backed by first mortgage liens on real estate.

Origination and modification fees8 %

Fees earned from arranging and modifying commercial mortgage loans.

LLC and co-investment income7 %

Income from preferred membership and direct loan co-investment vehicles.

Real estate owned and investment gains5 %

Gains or losses from sales and valuation changes on owned real estate and investments.

Asiakkaat

Sachem Capital lends primarily to small and mid-size real estate developers, owners, and contractors that need fast, flexible, non-bank financing. Borrowers use the capital for property acquisition, renovation, development, rehabilitation, or improvement, often when traditional bank underwriting is too slow or restrictive. The company also works through repeat borrowers, referrals, banks, and brokers, which helps source new transactions.

Small and mid-size real estate developers

They borrow for acquisition, renovation, development, or rehabilitation projects and value speed and structure flexibility.

Real estate owners and investors

They use secured bridge loans to finance property purchases, improvements, or transitional assets.

Contractors and project sponsors

They seek short-term secured financing tied to specific real estate projects and timelines.

Repeat borrowers and referrals

Existing customers and their networks provide recurring originations because of prior service experience.

Broker and bank referral channels

Intermediaries source borrowers that need non-bank lending solutions and faster execution.

Strategia

Sachem Capital’s strategy is to win business by offering fast execution, flexible loan structures, and conservative first-lien underwriting to borrowers that need non-bank capital. It also seeks to deepen repeat business and referral channels while expanding its borrower base through digital marketing, broker relationships, and selective geographic reach. The company has also indicated interest in larger loans and more sophisticated borrowers, which can broaden the addressable market but increases competitive intensity.

Preserve a niche in non-bank real estate lendingLyhyt aikaväli

Fast execution and tailored structures differentiate the company from banks and larger specialty lenders.

Expand origination channelsKeskipitkä aikaväli

Digital marketing, listed-lender platforms, brokers, and referrals support a steadier pipeline of borrowers.

Manage portfolio quality and asset resolutionKeskipitkä aikaväli

Loan performance and real estate owned outcomes drive credit costs and earnings volatility.

Maantiede

The company lends primarily in the northeastern and southeastern United States, with additional brand recognition along the eastern seaboard. Geography matters because local real estate conditions, borrower networks, and regional competition influence origination volume, credit performance, and collateral values. Its business is concentrated in U.S. real estate markets rather than diversified across countries.

Riskit

The business is exposed to credit losses, borrower defaults, and collateral value declines because it lends against real estate and depends on timely repayment or asset recovery. It also faces competition from banks, specialty finance firms, REITs, and private capital providers, while funding costs, interest rates, and real estate market conditions can affect origination demand and portfolio performance. Operational risks include cybersecurity, key-person dependence, and valuation uncertainty around nonperforming loans and real estate owned.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Credit losses on commercial real estate loans1Real estate market downturn2Funding and interest rate risk3Competitive pressure from banks and specialty lenders4Cybersecurity incident5Key personnel dependence6
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Credit losses on commercial real estate loansVaikutus: KorkeaTodennäköisyys: Korkea

    The portfolio is secured by property, but borrower distress or weak collateral values can still produce losses.

    Kohdistuu: Loans held for investment and nonperforming loans

  2. Real estate market downturnVaikutus: KorkeaTodennäköisyys: Korkea

    Lower property values and slower sales can weaken collateral coverage and delay recoveries.

    Kohdistuu: Residential and commercial real estate collateral

  3. Funding and interest rate riskVaikutus: KorkeaTodennäköisyys: Korkea

    Loan economics depend on access to capital and the spread between asset yields and borrowing costs.

    Kohdistuu: Debt facilities and note financing

  4. Competitive pressure from banks and specialty lendersVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Many lenders compete for the same borrowers, which can compress spreads or reduce deal flow.

    Kohdistuu: Origination pipeline and pricing

  5. Cybersecurity incidentVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    A breach could affect borrower data, servicing operations, and reputation.

    Kohdistuu: Digital marketing and loan servicing systems

  6. Key personnel dependenceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The lending platform relies on experienced underwriting, servicing, and relationship management.

    Kohdistuu: Executive and origination teams

Kirjanpito

Harkinnanvaraiset erät
CECL allowance for credit losses

Expected credit loss estimates directly affect provisions and net income.

Vaikutus: Loan portfolio and unfunded commitments

Fair value of loans held for sale

Mark-to-market estimates can change reported results when loans are sold or reclassified.

Vaikutus: Earnings and balance sheet carrying values

Valuation of real estate owned

Property-level assumptions on sale price and timing affect impairment and recovery values.

Vaikutus: Impairment loss and asset recovery

Fee amortization on commercial loans

Origination and modification fees are recognized over time rather than upfront.

Vaikutus: Revenue timing

Nonperforming loan resolution

Workout timing and collateral liquidation influence when losses or gains are recognized.

Vaikutus: Quarterly earnings comparability

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026