Company: SACH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001682220-25-000044
Chunk: 42

Company: Sachem Capital Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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Limited Liability Company (“LLC”) Investments

The following table details the carrying value of each investment reflected on our Condensed Consolidated Balance Sheets as of June 30, 2025:June 30, 2025December 31, 2024InvestmentCarryingValueOwnership PercentageCarryingValueOwnership Percentage(in thousands)(in thousands)Shem Creek Capital Fund V LLC$1,112 7.6%$1,143 7.6 %Shem Creek Capital Fund VI LLC3,698 9.9%4,290 9.9 %Shem Creek Capital Fund VII LLC2,900 16.2%2,580 16.2 %Shem Creek Sachem V LLC2,512 49.0%2,569 49.0 %Shem Creek Sachem VI LLC19,631 45.1%24,756 45.9 %Shem Creek Sachem 100 LLC11,357 100.0%13,604 100.0 %Shem Creek Capital LLC5,000 20.0%2,500 20.0 %Total Shem LLC Investments$46,210 $51,442 Cordo CLT Investors LLC$2,500 7.2%$2,500 7.2 %Total investments in LLC’s$48,710 $53,942 Shem Creek (“Shem”)For the three and six months ended June 30, 2025, the Shem LLC investments generated $1.0 million and $3.0 million, respectively, of income for the Company. For the three and six months ended June 30, 2024, the Shem LLC investments generated $1.2 million and $2.4 million, respectively, of income for the Company.At June 30, 2025, the Company had unfunded commitments totaling $2.4 million to the Shem LLC entities.Cordo CLT Investors LLCIn September 2024, the Company, through its wholly owned subsidiary Urbane Capital, LLC, acquired a 21.6% interest in Cordo CLT Investors LLC for a one time contribution of $2.5 million. As of June 30, 2025 and December 31, 2024, the Company held 7.2% of total common member equity. This entity was formed for the sole purpose of developing a commercial multifamily property in Charlotte,