$SACH
Sachem Capital Corp.

2023 Q4 Form 10-Q Financial Statement

#000141057823002412 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $16.91M $17.53M
YoY Change 6.44% 29.49%
Cost Of Revenue $7.495M $7.680M
YoY Change 15.9% 28.54%
Gross Profit $9.414M $9.850M
YoY Change -0.05% 30.19%
Gross Profit Margin 55.67% 56.18%
Selling, General & Admin $3.610M $3.060M
YoY Change 32.37% 37.5%
% of Gross Profit 38.35% 31.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $96.33K $60.00K
YoY Change 141.55% 172.11%
% of Gross Profit 1.02% 0.61%
Operating Expenses $10.32M $3.270M
YoY Change 249.77% 41.17%
Operating Profit -$911.2K $6.580M
YoY Change -114.09% 25.34%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $336.5K
YoY Change 270.17%
Pretax Income -$1.109M $6.190M
YoY Change -117.68% 22.49%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings -$2.088M $6.190M
YoY Change -139.01% 22.49%
Net Earnings / Revenue -12.35% 35.3%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share -$0.05 $0.12
COMMON SHARES
Basic Shares Outstanding 45.36M 45.35M
Diluted Shares Outstanding 44.75M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.60M $25.80M
YoY Change -46.87% -27.25%
Cash & Equivalents $12.60M $25.81M
Short-Term Investments
Other Short-Term Assets $511.0K $4.724K
YoY Change 7.12% -99.0%
Inventory
Prepaid Expenses
Receivables $8.475M $7.900M
Other Receivables $7.519M $11.80M
Total Short-Term Assets $29.10M $45.70M
YoY Change -25.81% -2.55%
LONG-TERM ASSETS
Property, Plant & Equipment $3.373M $3.434M
YoY Change -18.15% 1.05%
Goodwill $391.0K $391.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $91.37M $87.40M
YoY Change 64.9% 53.62%
Other Assets $694.8K $700.0K
YoY Change 1173.68% 3433.57%
Total Long-Term Assets $596.4M $592.1M
YoY Change 13.3% 15.0%
TOTAL ASSETS
Total Short-Term Assets $29.10M $45.70M
Total Long-Term Assets $596.4M $592.1M
Total Assets $625.5M $637.8M
YoY Change 10.59% 13.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.331M $1.200M
YoY Change 19.89% 115.99%
Accrued Expenses $482.4K $400.0K
YoY Change 49.15% -32.87%
Deferred Revenue
YoY Change
Short-Term Debt $61.79M $51.30M
YoY Change 1622.25% 1347.99%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $80.26M $65.90M
YoY Change 296.22% 350.41%
LONG-TERM LIABILITIES
Long-Term Debt $309.9M $330.8M
YoY Change -4.16% 2.28%
Other Long-Term Liabilities $5.312M $5.600M
YoY Change 21.82% 25.23%
Total Long-Term Liabilities $315.2M $336.4M
YoY Change -3.81% 2.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.26M $65.90M
Total Long-Term Liabilities $315.2M $336.4M
Total Liabilities $395.5M $402.3M
YoY Change 13.65% 17.46%
SHAREHOLDERS EQUITY
Retained Earnings -$20.12M -$7.894M
YoY Change 151.6% 191.79%
Common Stock $46.77K $45.36K
YoY Change 13.8% 13.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $230.1M $235.5M
YoY Change
Total Liabilities & Shareholders Equity $625.5M $637.8M
YoY Change 10.59% 13.53%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$2.088M $6.190M
YoY Change -139.01% 22.49%
Depreciation, Depletion And Amortization $96.33K $60.00K
YoY Change 141.55% 172.11%
Cash From Operating Activities $2.916M $6.850M
YoY Change 292.56% 35.0%
INVESTING ACTIVITIES
Capital Expenditures $19.59K -$690.0K
YoY Change -93.77% 23.64%
Acquisitions
YoY Change
Other Investing Activities -$4.889M -$3.110M
YoY Change -38.87% -89.67%
Cash From Investing Activities -$4.908M -$2.420M
YoY Change -40.95% -92.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.21M 6.240M
YoY Change 168.07% -80.45%
NET CHANGE
Cash From Operating Activities 2.916M 6.850M
Cash From Investing Activities -4.908M -2.420M
Cash From Financing Activities -11.21M 6.240M
Net Change In Cash -13.20M 10.67M
YoY Change 12.37% 68.46%
FREE CASH FLOW
Cash From Operating Activities $2.916M $6.850M
Capital Expenditures $19.59K -$690.0K
Free Cash Flow $2.896M $7.540M
YoY Change 576.25% 33.87%

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UnrealizedGainLossOnInvestments
101806
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2816279
us-gaap Dividends Common Stock
DividendsCommonStock
11601133
us-gaap Net Income Loss
NetIncomeLoss
17008456
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
235528116
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
180082561
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
36654419
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
357321
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-81525
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2765297
us-gaap Dividends Common Stock
DividendsCommonStock
9580187
us-gaap Net Income Loss
NetIncomeLoss
14632682
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
219299974
us-gaap Profit Loss
ProfitLoss
17008456
us-gaap Profit Loss
ProfitLoss
14632682
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1832236
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1664822
us-gaap Depreciation
Depreciation
169368
us-gaap Depreciation
Depreciation
66533
sach Write Off Of Other Assets Pre Offering Costs Deemed Worthless
WriteOffOfOtherAssetsPreOfferingCostsDeemedWorthless
477047
us-gaap Share Based Compensation
ShareBasedCompensation
616679
us-gaap Share Based Compensation
ShareBasedCompensation
357321
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
65065
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
105000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
612500
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
685500
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-71988
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
121381
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
360610
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
-3607498
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-148565
sach Increase Decrease In Interest And Fees Receivable
IncreaseDecreaseInInterestAndFeesReceivable
1641747
sach Increase Decrease In Interest And Fees Receivable
IncreaseDecreaseInInterestAndFeesReceivable
2154704
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1235523
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
418176
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
2170729
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
1505785
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-192370
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-153842
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
54660
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
431110
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
41423
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
53818
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
598627
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-171690
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
2612869
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-5129286
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
1936223
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-2227013
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18944679
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12405669
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
21064492
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
39715900
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
9060095
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
62160599
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
9120284
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
16487103
us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-148842
us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-1571467
sach Payments To Acquire Real Estate Held For Investments
PaymentsToAcquireRealEstateHeldForInvestments
214642
sach Payments To Acquire Real Estate Held For Investments
PaymentsToAcquireRealEstateHeldForInvestments
101168
sach Proceeds From Sale Purchases Of Property And Equipment Net
ProceedsFromSalePurchasesOfPropertyAndEquipmentNet
518740
sach Proceeds From Sale Purchases Of Property And Equipment Net
ProceedsFromSalePurchasesOfPropertyAndEquipmentNet
-1292160
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
10725237
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
159678482
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
252370675
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
123495534
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
95173969
sach Other Assets Pre Offering Costs
OtherAssetsPreOfferingCosts
166360
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-67579926
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-151227331
sach Proceeds From Lines Of Credits
ProceedsFromLinesOfCredits
47752011
sach Proceeds From Lines Of Credits
ProceedsFromLinesOfCredits
-29635178
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
5396247
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
24012957
us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
350635
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6014
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
20161
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16943293
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13507787
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2816279
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2765297
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15331931
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
36654419
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
226327
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
1895203
sach Proceeds From Issuance Of Fixed Rate Notes
ProceedsFromIssuanceOfFixedRateNotes
122125000
sach Financing Costs Incurred In Connection With Fixed Rate Notes
FinancingCostsIncurredInConnectionWithFixedRateNotes
4516931
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
50734114
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
132347022
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2098867
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6474640
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23713097
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41938897
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25811964
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35464257
us-gaap Interest Paid Net
InterestPaidNet
19852023
us-gaap Interest Paid Net
InterestPaidNet
13012805
CY2023Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1186663
CY2022Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1091348
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
2487568
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on (a) various assumptions that are based on experience, (b) projections regarding future operations and (c) general financial market and local and general economic conditions. Actual amounts could materially differ from those estimates.</p>
CY2023Q3 sach Loan Pre Foreclosure Amount
LoanPreForeclosureAmount
68100000
CY2022Q4 sach Loan Pre Foreclosure Amount
LoanPreForeclosureAmount
24000000.0
CY2023Q3 sach Loan Pre Foreclosure Amount On Allowance For Credit Loss
LoanPreForeclosureAmountOnAllowanceForCreditLoss
0
CY2022Q4 sach Loan Pre Foreclosure Amount On Allowance For Credit Loss
LoanPreForeclosureAmountOnAllowanceForCreditLoss
0
CY2023Q3 sach Mortgages Receivable For Allowances Of Credit Losses
MortgagesReceivableForAllowancesOfCreditLosses
2100000
CY2023Q1 sach Mortgages Receivable For Allowances Of Credit Losses
MortgagesReceivableForAllowancesOfCreditLosses
2000000.0
sach Increase Decrease In Mortgages Receivable For Allowance Of Credit Losses
IncreaseDecreaseInMortgagesReceivableForAllowanceOfCreditLosses
100000
CY2023Q3 sach Interest And Fees Receivable For Allowances Of Credit Losses
InterestAndFeesReceivableForAllowancesOfCreditLosses
23400
CY2023Q1 sach Interest And Fees Receivable For Allowances Of Credit Losses
InterestAndFeesReceivableForAllowancesOfCreditLosses
26100
sach Increase Decrease In Interest And Fees Receivable For Allowance Of Credit Losses
IncreaseDecreaseInInterestAndFeesReceivableForAllowanceOfCreditLosses
-2700
CY2023Q3 sach Allowance For Credit Losses Due From Borrowers
AllowanceForCreditLossesDueFromBorrowers
24400
CY2023Q1 sach Allowance For Credit Losses Due From Borrowers
AllowanceForCreditLossesDueFromBorrowers
19900
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
4500
CY2023Q3 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
498600
CY2023Q1 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
522000
sach Increase Decrease In Unfunded Commitments For Allowances Of Credit Losses
IncreaseDecreaseInUnfundedCommitmentsForAllowancesOfCreditLosses
-23400
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
184600
CY2023Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Certain amounts included in the September 30, 2022 and December 31, 2022 consolidated financial statements have been reclassified to conform to the September 30, 2023 presentation.</p>
CY2023Q3 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
1932270
CY2023Q3 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
15599486
CY2023Q3 us-gaap Debt Securities
DebtSecurities
19512901
CY2023Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
37044657
CY2023Q3 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
3481177
CY2022Q4 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
4728724
CY2022Q4 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
14850839
CY2022Q4 us-gaap Debt Securities
DebtSecurities
4996899
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
24576462
CY2022Q4 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
5216149
CY2023Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
834000
CY2022Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest Current
DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent
531000
CY2023Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
376078
CY2022Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
425972
CY2022Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
561490
CY2021Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
476016
CY2023Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
83606
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
131569
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-101806
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
81525
CY2023Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
83606
CY2022Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
131569
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-101806
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
81525
CY2023Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
459684
CY2022Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
557541
CY2023Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
459684
CY2022Q3 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
557541
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
159678482
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
252370675
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
123495534
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
95173969
CY2023Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
36100000
sach Mortgage Loans On Real Estate Default Interest Rate
MortgageLoansOnRealEstateDefaultInterestRate
0.18
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
87000
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2113000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
498031000
CY2023Q3 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738000
CY2022Q4 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.000
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2113000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
495918000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
498031000
CY2023Q3 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738000
CY2022Q4 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.000
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2113000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
495918000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
498031000
CY2023Q3 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
1.000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
61724000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
174714000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
207476000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
30049000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
24068000
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2113000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
495918000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738000
CY2022Q4 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
1.000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
206845000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
184413000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
37540000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
16378000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
16562000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633000
CY2023Q3 us-gaap Financing Receivable Before Allowance For Credit Loss Maturity Year One
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearOne
168774227
CY2022Q4 us-gaap Financing Receivable Before Allowance For Credit Loss Maturity Year One
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearOne
372964665
CY2023Q3 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Two
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearTwo
279909034
CY2022Q4 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Two
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearTwo
85968294
CY2023Q3 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Three
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearThree
49249401
CY2022Q4 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Three
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearThree
1699500
CY2023Q3 sach Financing Receivable Before Allowance For Credit Loss Maturity After Year Five
FinancingReceivableBeforeAllowanceForCreditLossMaturityAfterYearFive
98356
CY2022Q4 sach Financing Receivable Before Allowance For Credit Loss Maturity After Year Five
FinancingReceivableBeforeAllowanceForCreditLossMaturityAfterYearFive
105809
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
498031018
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
460738268
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
2113178
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
105000
CY2023Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
495917840
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
460633268
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
327
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
327
CY2023Q3 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
95
CY2023Q3 sach Mortgage Loans Amount Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansAmountOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
84800000
sach Mortgage Loans Percentage Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansPercentageOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
0.170
CY2023Q3 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
95
CY2023Q3 sach Mortgage Loans In Process Of Foreclosure Number
MortgageLoansInProcessOfForeclosureNumber
64
CY2023Q3 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
63500000
CY2022 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
444
CY2022Q4 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
105
CY2022Q4 sach Mortgage Loans Amount Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansAmountOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
61600000
CY2022 sach Mortgage Loans Percentage Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansPercentageOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
0.134
CY2022Q4 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
105
CY2022Q4 sach Mortgage Loans In Process Of Foreclosure Number
MortgageLoansInProcessOfForeclosureNumber
40
CY2022Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
22600000
CY2023Q3 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
23200000
CY2023Q3 us-gaap Land
Land
3956786
CY2023Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4935714
CY2023Q3 us-gaap Land Improvements
LandImprovements
359249
CY2023Q3 us-gaap Tenant Improvements
TenantImprovements
1182842
CY2023Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
10434591
CY2023Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3481177
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5216149
CY2023Q3 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
CY2022Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
400000
CY2022Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
195000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
612500
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
685500
CY2023Q3 us-gaap Rental Properties
RentalProperties
825963
CY2023Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
2655214
CY2022Q3 us-gaap Rental Properties
RentalProperties
800053
CY2022Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
4815887
CY2023Q3 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
1
CY2023Q3 sach Gain Loss On Sale Of Real Estate Properties Held For Sale
GainLossOnSaleOfRealEstatePropertiesHeldForSale
14229
sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
6
sach Gain Loss On Sale Of Real Estate Properties Held For Sale
GainLossOnSaleOfRealEstatePropertiesHeldForSale
-112633
CY2022Q3 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
2
CY2022Q3 sach Gain Loss On Sale Of Real Estate Properties Held For Sale
GainLossOnSaleOfRealEstatePropertiesHeldForSale
962
sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
5
sach Gain Loss On Sale Of Real Estate Properties Held For Sale
GainLossOnSaleOfRealEstatePropertiesHeldForSale
-121381
CY2023Q3 sach Number Of Real Estate Properties Held For Rental
NumberOfRealEstatePropertiesHeldForRental
1
sach Real Estate Lease Term
RealEstateLeaseTerm
P5Y
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
13300
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
53200
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
53200
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
31033
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
150733
CY2023Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
218004
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
410373
CY2023Q3 us-gaap Other Receivables
OtherReceivables
4385986
CY2022Q4 us-gaap Other Receivables
OtherReceivables
3519804
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
4724
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
477048
CY2023Q3 us-gaap Goodwill
Goodwill
391000
CY2022Q4 us-gaap Goodwill
Goodwill
391000
CY2023Q3 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
130400
CY2022Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
130400
CY2023Q3 sach Intangible Assets Lease
IntangibleAssetsLease
568460
CY2023Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
341662
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
54548
CY2023Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
386923
CY2023Q3 us-gaap Other Assets
OtherAssets
6427159
CY2022Q4 us-gaap Other Assets
OtherAssets
4983173
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0675
CY2023Q4 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0675
CY2023Q1 sach Term Of Federal Home Loan Bank Of Boston Classic Advance Rate
TermOfFederalHomeLoanBankOfBostonClassicAdvanceRate
P5Y
CY2023Q1 sach Debt Instrument Amortization Period
DebtInstrumentAmortizationPeriod
P20Y
sach Debt Instrument Number Of First Line Mortgage Loans
DebtInstrumentNumberOfFirstLineMortgageLoans
22
CY2023Q3 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
79900000
CY2023Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
10000000
CY2023Q3 sach Percentage Of Asset Coverage Ratio
PercentageOfAssetCoverageRatio
1.50
sach Debt Instrument Number Of Series Of Unsecured Unsubordinated Loans
DebtInstrumentNumberOfSeriesOfUnsecuredUnsubordinatedLoans
7
CY2023Q3 sach Notes Issued Denomination
NotesIssuedDenomination
25.00
sach Threshold Percentage Of Taxable Income To Prohibit Distribution
ThresholdPercentageOfTaxableIncomeToProhibitDistribution
0.90
sach Threshold Asset Coverage Ratio
ThresholdAssetCoverageRatio
1.50
sach Period Of Written Notice To Redeem Notes Without Premium Or Penalty
PeriodOfWrittenNoticeToRedeemNotesWithoutPremiumOrPenalty
P30D
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
58163000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
56363750
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
51750000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
122125000
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
288401750
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6641817
CY2023Q3 us-gaap Notes Payable
NotesPayable
281759933
CY2023Q3 sach Estimated Amortization Of Deferred Financing Costs In Next Twelve Months
EstimatedAmortizationOfDeferredFinancingCostsInNextTwelveMonths
593327
CY2023Q3 sach Estimated Amortization Of Deferred Financing Costs In Year Two
EstimatedAmortizationOfDeferredFinancingCostsInYearTwo
2336228
CY2023Q3 sach Estimated Amortization Of Deferred Financing Costs In Year Three
EstimatedAmortizationOfDeferredFinancingCostsInYearThree
1807606
CY2023Q3 sach Estimated Amortization Of Deferred Financing Costs In Year Four
EstimatedAmortizationOfDeferredFinancingCostsInYearFour
1410319
CY2023Q3 sach Estimated Amortization Of Deferred Financing Costs In Year Five
EstimatedAmortizationOfDeferredFinancingCostsInYearFive
494337
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6641817
CY2023Q3 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
1184112
CY2022Q4 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
1109789
CY2023Q3 us-gaap Contractual Obligation
ContractualObligation
498600
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
6014
CY2023Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
378076
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
323416
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2060788
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1439219
CY2023Q3 sach Late And Other Fees Income
LateAndOtherFeesIncome
367281
CY2022Q3 sach Late And Other Fees Income
LateAndOtherFeesIncome
92098
sach Late And Other Fees Income
LateAndOtherFeesIncome
517599
sach Late And Other Fees Income
LateAndOtherFeesIncome
338638
CY2023Q3 sach Income From Processing Fees
IncomeFromProcessingFees
28785
CY2022Q3 sach Income From Processing Fees
IncomeFromProcessingFees
37480
sach Income From Processing Fees
IncomeFromProcessingFees
90485
sach Income From Processing Fees
IncomeFromProcessingFees
165950
CY2023Q3 sach Rental Income Loss Net
RentalIncomeLossNet
13300
CY2022Q3 sach Rental Income Loss Net
RentalIncomeLossNet
8867
sach Rental Income Loss Net
RentalIncomeLossNet
39900
sach Rental Income Loss Net
RentalIncomeLossNet
37067
CY2023Q3 sach Extension Fees
ExtensionFees
435457
CY2022Q3 sach Extension Fees
ExtensionFees
212608
sach Extension Fees
ExtensionFees
849002
sach Extension Fees
ExtensionFees
415128
CY2023Q3 sach Construction Management Fee
ConstructionManagementFee
46243
CY2022Q3 sach Construction Management Fee
ConstructionManagementFee
86881
sach Construction Management Fee
ConstructionManagementFee
714051
sach Construction Management Fee
ConstructionManagementFee
135690
CY2023Q3 sach Other Fees
OtherFees
35328
CY2022Q3 sach Other Fees
OtherFees
37410
sach Other Fees
OtherFees
108505
sach Other Fees
OtherFees
123850
CY2023Q3 sach Income From Legal Fees
IncomeFromLegalFees
102945
CY2022Q3 sach Income From Legal Fees
IncomeFromLegalFees
91115
sach Income From Legal Fees
IncomeFromLegalFees
318945
sach Income From Legal Fees
IncomeFromLegalFees
253055
CY2023Q3 us-gaap Other Income
OtherIncome
210213
CY2022Q3 us-gaap Other Income
OtherIncome
75290
us-gaap Other Income
OtherIncome
879645
us-gaap Other Income
OtherIncome
579541
CY2023Q3 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
1239552
CY2022Q3 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
641749
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
3518132
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2048921
sach Employment Agreements Description
EmploymentAgreementsDescription
(i) the employment term is five years with extensions for successive one-year periods unless either party provides written notice at least 180 days prior to the next anniversary date of its intention to not renew the agreement; (ii) a base salary of $260,000, which was increased in April 2018, April 2021 and April 2022 to $360,000, $500,000 and $750,000, respectively; (iii) incentive compensation in such amount as determined by the Compensation Committee of the Company’s Board of Directors; (iv) participation in the Company’s employee benefit plans; (v) full indemnification to the extent permitted by law; (vi) a two-year non-competition period following the termination of employment without cause; and (vii) payments upon termination of employment or a change in control.
CY2017Q1 us-gaap Officers Compensation
OfficersCompensation
260000
CY2018Q2 us-gaap Officers Compensation
OfficersCompensation
360000
CY2021Q2 us-gaap Officers Compensation
OfficersCompensation
500000
CY2022Q2 us-gaap Officers Compensation
OfficersCompensation
750000
CY2022Q3 us-gaap Officers Compensation
OfficersCompensation
325000
sach Number Of Mortgage Properties
NumberOfMortgageProperties
1
CY2023Q3 sach Amount Of Mortgage Receivable
AmountOfMortgageReceivable
100000
CY2018Q2 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03
CY2023Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
48346
CY2022Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
21924
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
123735
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
71925
CY2022Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7500000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
71000
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
7277000
CY2023Q3 sach Investment In Partnership Total Representing Three Limited Liability Companies
InvestmentInPartnershipTotalRepresentingThreeLimitedLiabilityCompanies
40000000.0
CY2023Q3 sach Number Of Limited Liability Companies Managed By Commercial Real Estate Finance Company
NumberOfLimitedLiabilityCompaniesManagedByCommercialRealEstateFinanceCompany
5
CY2023Q3 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
700000
CY2022Q3 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
500000
sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
2300000
sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
1100000
CY2023Q3 sach Unfunded Partnership Commitments
UnfundedPartnershipCommitments
1000000.0
CY2023Q3 sach Write Off Of Other Assets Pre Offering Costs Deemed Worthless
WriteOffOfOtherAssetsPreOfferingCostsDeemedWorthless
477047
CY2023Q3 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
72575000
CY2023Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.11

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