Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 68

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 and December 31, 2024:September 30, 2025December 31, 2024(in thousands)Accounts payable and accrued expenses$1,926 $2,928 Allowance for credit losses on unfunded commitments882 924 Accrued interest569 525 Total$3,377 $4,377 

13.   Fee Income from Loans

The table below presents the Company's fee income from loans for the three and nine months ended September 30, 2025 and 2024:Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024(in thousands)(in thousands)Origination and modification fees $844 $1,234 $2,384 $3,890 Extension fees188 239 650 624 Late and other fees 481 (105)707 404 Processing fees33 16 84 87 Construction servicing fees105 183 346 432 Legal fees81 49 215 206 Other fees232 227 774 900 Total$1,964 $1,843 $5,160 $6,543 

14.   Commitments and Contingencies

Unfunded CommitmentsAt September 30, 2025, the Company had future funding obligations on loans held for investment totaling $47.3 million and obligations relating to investments in limited liability companies totaling $2.4 million, which can be drawn by the borrowers when the conditions relating thereto have been satisfied. The unfunded commitments will be funded from loan payoffs and additional drawdowns under existing and future credit facilities and proceeds from sale of debt and equity securities. The Company’s unfunded commitments are subject to accounting rules relating to allowances for credit losses. (See Note 4 – Loans and Allowance for Credit Losses for further details.)

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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

LitigationThe Company is subject to various pending and threatened legal proceedings or other matters arising out of the normal conduct of business in which claims for monetary damages are asserted. As of the date of this report, management, after consultation with legal counsel, does not anticipate that the aggregate ultimate liability arising out of such pending or threatened matters will be material to the