Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 13

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 sale of real estate owned and property and equipment, net181 (294)Gain on extinguishment of debt(140)— Gain on equity securities(2,060)(229)Change in deferred loan fees446 (1,278)Changes in operating assets and liabilities:Interest and fees receivable, net(79)(563)Other assets310 3,509 Due from borrowers, net(2,251)(1,666)Accounts payable and accrued liabilities (960)257 Advances from borrowers1,764 (3,942)Total adjustments and operating changes1,836 16,946 NET CASH PROVIDED BY OPERATING ACTIVITIES5,624 13,510 CASH FLOWS FROM INVESTING ACTIVITIESPurchase of investment securities— (7,767)Proceeds from the sale of investment securities2,148 43,964 Purchase of interests in limited liability companies(5,742)(11,082)Proceeds from investments in limited liability companies18,517 — Proceeds from sale of real estate owned3,282 2,008 Acquisitions of and improvements to real estate owned(235)— Purchase of property and equipment(55)26 Investments in developmental real estate(2,762)(2,482)Principal disbursements for loans(125,609)(115,670)Principal collections on loans112,045 135,265 NET CASH PROVIDED BY INVESTING ACTIVITIES1,589 44,262 CASH FLOWS FROM FINANCING ACTIVITIESProceeds from lines of credit58,840 — Repayments on lines of credit(66,100)(26,292)Proceeds from repurchase agreements11,693 — Repayments of repurchase agreements(37,576)(2,979)Repayment of mortgage payable(63)(59)Repayment of notes payable(56,845)(23,647)Dividends paid on common shares(7,114)(14,159)Dividends paid on Series A Preferred Stock(3,352)(3,187)Proceeds from issuance of Senior Secured Notes90,000 — Payments of deferred financing costs(3,590)— Repurchase of common shares— (1,373)Proceeds from issuance of common shares, net of expenses— 2,050 Proceeds from issuance of Series A Preferred Stock, net of expenses— 5,157 NET