Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 54

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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ENSED CONSOLIDATED FINANCIAL STATEMENTSFOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025

(2)The FICO Scores are calculated at the inception of the loan and are updated if the loan is modified or on an as needed basis.Loan modifications made to borrowers experiencing financial difficultyThe following tables present loan modifications during the periods indicated made to borrowers experiencing financial difficulty:(in thousands)Three Months Ended September 30, 2025Carrying Value% of TotalCarrying Value ofLoans held for investment, netFinancial EffectPrincipal modification, with no term extension$— — %Unpaid interest/taxes/charges added to principal balanceTerm extension$28,952 8.0 %A weighted average of 9.9 months  were added to the life of the loans(in thousands)Three Months Ended September 30, 2024Carrying Value% of TotalCarrying Value ofLoans held for investment, netFinancial EffectPrincipal modification, with no term extension$11,835 2.6 %Unpaid interest/taxes/charges added to principal balanceTerm extension$16,113 3.5 %A weighted average of 5.0 months were added to the life of the loans(in thousands)Nine Months Ended September 30, 2025Carrying Value% of TotalCarrying Value ofLoans held for investment, netFinancial EffectPrincipal modification, with no term extension$15,130 4.2 %Unpaid interest/taxes/charges added to principal balanceTerm extension$75,269 20.8 %A weighted average of 7.9 months were added to the life of the loans(in thousands)Nine Months Ended September 30, 2024Carrying Value% of TotalCarrying Value ofLoans held for investment, netFinancial EffectPrincipal modification, with no term extension$33,500 7.3 %Unpaid interest/taxes/charges added to principal balanceTerm extension$132,602 29.0 %A weighted average of 8.4 months were added to the life of the loansAs of September 30, 2025, the Company had commitments to lend additional amounts totaling approximately $6.8 million to borrowers experiencing financial difficulty. During the nine months ended September 30, 2025, the 

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Table of ContentsSACHEM CAPITAL CORP.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTSFOR