Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 14

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 CASH USED IN FINANCING ACTIVITIES(14,107)(64,489)NET DECREASE IN CASH AND CASH EQUIVALENTS(6,894)(6,717)CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD18,066 12,598 CASH AND CASH EQUIVALENTS – END OF PERIOD$11,172 $5,881 

The accompanying notes, together with the notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, are an integral part of these financial statements.

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SACHEM CAPITAL CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued) (unaudited)

(dollars in thousands)

Nine months endedSeptember 30,20252024SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATIONCash paid during the period for interest$17,072 $19,852 Cash paid during the period for income tax$201 $140 Real estate acquired in connection with foreclosure of certain mortgages$17,185 $— Loans held for sale transferred to loans held for investment$6,479 $— Developmental real estate acquired in settlement of loan held for investment$1,696 $— Developmental real estate transferred from real estate owned$4,250 $— Loans originated from sale of real estate owned$840 $— 

The accompanying notes, together with the notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, are an integral part of these financial statements.

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Table of ContentsSACHEM CAPITAL CORP.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTSFOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025

1.    The Company

Sachem Capital Corp. (the “Company”), a New York corporation, specializes in originating, underwriting, funding, servicing and managing a portfolio of first mortgage loans. The Company operates its business as one segment. The Company offers short-term (i.e., one to three years), secured, non-bank loans to real estate owners and investors to fund their acquisition, renovation, development, rehabilitation or improvement of properties located primarily in the northeastern