Company: SACH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001682220-25-000044
Chunk: 95

Company: Sachem Capital Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 95
---
 the reporting period are recorded in our Condensed Consolidated Statements of Operations under the provision for credit losses.

Our Loan Portfolio

The following table highlights certain information regarding our real estate lending activities for the three and six months ended June 30, 2025:

Three Months Ended June 30, 2025Six Months Ended June 30, 2025(in thousands, except number of loans)Loans disbursed$39,644 $80,952 Loans repaid$23,652 $71,394 Principal of loans transferred to real estate owned$5,888 $6,298 Number of loans transferred to real estate owned12As of June 30, 2025As of December 31, 2024(in thousands, except number of loans and weighted averages)Number of loans held for investment outstanding135157Gross principal amount of loans held for investment$384,739 $376,991 Weighted average contractual interest rate(1)12.72 %12.53 %Weighted average term to maturity (in months) (2)64

______________________________________________________________

(1)Includes default interest.

(2)Does not give effect to extensions.

At June 30, 2025, our outstanding mortgage loan portfolio included loans with outstanding principal balance amount up to $38.3 million. The table below gives a breakdown of our loans held for investment by loan size as of June 30, 2025:

AmountNumber ofLoansPercentageAggregate GrossPrincipalAmountPercentage(in thousands)$1,000,000 or less6447.4 %$25,973 6.8 %$1,000,001 to $5,000,0005238.5 %122,229 31.8 %$5,000,001 to $10,000,00085.9 %50,674 13.2 %$10,000,001 or more118.1 %185,863 48.3 %Total135100.0 %$384,739 100.0 %

30

As of June 30, 2025, the primary markets in which we were exposed were Connecticut, Florida, Massachusetts and New York. The table below gives a breakdown of our loans held for investment by state as of June 30, 2025:

StateNumber ofLoansPercentageGross AmountOutstandingPercentage(in thousands)Connecticut6548.1 %113,107