Core Viewpoint - Sachem Capital Corp. has declared a quarterly dividend of $0.08 per share, payable on August 6, 2024, to shareholders of record as of July 29, 2024 [1] Company Overview - Sachem Capital Corp. is a mortgage REIT that focuses on originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property [2] - The company provides short-term secured, nonbanking loans to real estate investors for property acquisition, renovation, development, rehabilitation, or improvement, with a primary underwriting criterion of a conservative loan-to-value ratio [2] - The loans are secured by first mortgage liens on real estate, typically classified as residential or commercial, and are personally guaranteed by the principal(s) of the borrower [2] - In addition to lending activities, the company also engages in opportunistic real estate purchases [2]

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of the Notes or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. BRANFORD, Conn., June 27, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (N ...

Company Overview - Sachem Capital Corp. is a mortgage REIT that focuses on originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property [2] - The company provides short-term secured, nonbanking loans to real estate investors for property acquisition, renovation, development, rehabilitation, or improvement [2] - The primary underwriting criterion is a conservative loan-to-value ratio, with loans secured by first mortgage liens on residential or commercial real estate [2] Recent Developments - Sachem Capital Corp. has announced the withdrawal of its previously planned debt offering, which was intended to be USD-denominated unsecured, unsubordinated notes due in five years [5] - The decision to withdraw the offering was based on the conclusion that current market conditions regarding pricing were excessive and restrictive, not aligning with the company's long-term interests [5] - CEO John Villano emphasized that the company has ample liquidity through existing credit facilities and a liquid mortgage portfolio, allowing it to continue business operations as per past practices [3]

Sachem expects the last trading day for the Notes will be June 28, 2024. Sachem does not intend to arrange for listing and/or registration of the Notes on another national securities exchange or for quotation on another quotation medium. The final payment with respect to the Notes, including principal and accrued interest, will be made on July 1, 2024 due to a non-trading day on June 30, 2024 as described in the prospectus supplement. No action is required by note holders, and they will be notified directly ...

BRANFORD, Conn., June 24, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that the company intends to delist its 7.125% unsecured, unsubordinated Notes due June 30, 2024 ("Notes"), ticker symbol "SCCB", from the NYSE American and to deregister the Notes under the Exchange Act of 1934, as amended. The company will redeem the Notes at par value plus accrued and unpaid interest up to, but not including, the maturity date. Sachem expects the last trading day for the Notes wil ...

PM Images Mar 2024 Apr 2024 Apr 2024 May 2024 May 2024 Jun 2024 Balance Sheet Q1 2024 Form 10Q Mortgages Receivable (Q1 2024 Form 10Q) Concurrent with management's commentary in both earnings calls, they have been working to preserve liquidity, and cash increased almost $6M between the two quarters. | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------|-------|---------------------------|-------|------------------ ...

The company has mandated Oppenheimer & Co. Inc. as the sole-bookrunning manager for the offering. BRANFORD, Conn., June 17, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced the commencement of a registered public offering of USD-denominated unsecured, unsubordinated Notes due five years from the date of issuance ("Notes"), subject to market conditions. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offe ...

The Notes are anticipated to be rated BBB+ by Egan Jones, Egan-Jones Ratings Company, an independent, unaffiliated rating agency, although this is contingent on prevailing market conditions. Egan-Jones is a Nationally Recognized Statistical Ratings Organization (NRSRO) and is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Egan-Jones is also certified by the European Securities and Markets Authority (ESMA). A securities rating is not a recommendati ...

BRANFORD, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) today announced the appointment of Nicholas M. Marcello, as its interim Chief Financial Officer, effective immediately. John Villano, CPA, who previously served as both Chief Executive Officer and interim Chief Financial Officer, will continue to serve as the Company's Chief Executive Officer. Mr. Marcello has held various roles at the Company, including his most recent position as Vice President of Finance & Opera ...

Exhibit 99.1 SACHEM CAPITAL REPORTS FIRST QUARTER 2024 RESULTS – REVENUES GREW 17.0% TO $17.2 MILLION - Company to Host Webcast and Conference Call - BRANFORD, Conn., May 10, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for the first quarter ended March 31, 2024. The Company will host a conference call on Friday, May 10, 2024 at 8:00 a.m. Eastern Time to discuss its financial and operating results. John Villano, CPA, Sachem Capital's Chief Executive Off ...