Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 23

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
$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 

13

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

Company modified the interest rate on thirteen loans with an outstanding principal balance of $30.4 million. The change in the rate was due to taking the loan off default rate.The following table presents the performance of loans that have been modified in the last 12 months to borrowers experiencing financial difficulty. Of the loans that were modified in the last 12 months to borrowers experiencing financial difficulty, one loan defaulted during the period.As of September 30, 2025(in thousands)Current90-119 days past due120+ days past dueTotalPrincipal modification, with no term extension$15,130 $— $—