Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 57

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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411 — (3,106)1,162 South1,802 605 — (668)1,739 West1,967 (89)— — 1,878 Total$18,470 $(6,905)$3,292 $(3,774)$11,083 The following table presents charge-offs on loan principal related to loans held for investment by fiscal year of origination for the three months ended September 30, 2025:20252024202320222021PriorTotal(in thousands)Current period charge-offs$— $— $— $158 $2,481 $— $2,639 Total$— $— $— $158 $2,481 $— $2,639 The following table presents charge-offs on loan principal related to loans held for investment by fiscal year of origination for the nine months ended September 30, 2025:20252024202320222021PriorTotal(in thousands)Current period charge-offs$— $134 $— $645 $2,995 $— $3,774 Total$— $134 $— $645 $2,995 $— $3,774 

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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

5. Investment in Developmental Real Estate, net

As of September 30, 2025 and December 31, 2024, investment in developmental real estate, net consisted of the following:September 30, 2025CostAccumulated DepreciationInvestment in DevelopmentalReal Estate, Net(in thousands)Land$11,432 $— $11,432 Building5,332 (187)5,145 Site improvements870 (54)816 Tenant improvements1,183 (66)1,117 Construction in progress4,026 — 4,026 Lease intangibles81 (5)76 Total $22,924 $(312)$22,612 December 31, 2024CostAccumulated DepreciationInvestment in Developmental Real Estate, Net(in thousands)Land$4,557 $— $4,