Sachem Capital Corp (NYSE American: SACH) is a real estate finance company that originates and holds short-term, first mortgage loans secured by residential, commercial, mixed-use, and pre-development land properties. Revenue comes primarily from interest income recognized over the loan period, supplemented by origination and modification fees amortized over each loan's term. The loan portfolio totaled $377.4 million in aggregate gross principal as of December 31, 2025, split across residential (53.6%), commercial (29.2%), mixed-use (12.4%), and pre-development land (4.8%). The company also holds $39.1 million in limited liability company investments as of December 31, 2025, including note-on-note mortgage vehicles, direct real estate positions, and a stake in a real estate asset manager. Geographic concentration is pronounced: as of December 31, 2025, Connecticut represented 26.9% of outstanding principal, Florida 30.3%, and New York 8.2%. John L. Villano serves as Chairman, CEO, and President, with Jeffery C. Walraven as CFO.
Short-term first mortgage loans on residential, commercial, mixed-use, and pre-development land properties. LLC equity investments in real estate note-on-note mortgage vehicles and direct real estate assets.
Interest income on mortgage loans, recognized as earned over the loan term. Origination and modification fees amortized over the respective note terms. Supplementary income from limited liability company investments in real estate vehicles.
Real estate developers, investors, and property owners seeking short-term mortgage financing. End markets include residential real estate, commercial real estate, mixed-use properties, and pre-development land.
Concentrated in Connecticut (26.9% of outstanding principal as of December 31, 2025), Florida (30.3%), and New York (8.2%), per the FY2025 10-K.
Peers: TPG Mortgage Investment Trust Inc Angel Oak Mortgage REIT Inc Annaly Capital Management Inc Cherry Hill Mortgage Investment Corp Chicago Atlantic Real Estate Finance Inc Lument Finance Trust Inc RPT Realty Nexpoint Real Estate Finance Inc Seven Hills Realty Trust
Source: SEC 10-K, filed 2026-03-13
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