Sachem Capital: I Like The Risk/Reward Of The 12% Yielding Baby Bonds

Ashi Sae Yang/iStock via Getty Images Introduction I have been keeping track of Sachem Capital (NYSE:SACH) for several years now as I like the REIT's business model: it invests in short-term loans secured by first mortgage liens on the buildings while there tends to be additional collateral provided by the borrower as well. That being said, it is abundantly clear these are tough times for the commercial real estate space and Sachem recently had to cut its dividend on the common shares. That didn't really co ...