Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 43

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 Share of $(0.13) and $(0.14), respectively.

19.   Limited Liability Company (“LLC”) Investments

The following table presents the carrying value of each investment reflected on our Condensed Consolidated Balance Sheets as of September 30, 2025:September 30, 2025December 31, 2024InvestmentCarryingValueOwnership PercentageCarryingValueOwnership Percentage(in thousands)(in thousands)Shem Creek Capital Fund V LLC$930 7.6%$1,143 7.6 %Shem Creek Capital Fund VI LLC3,164 9.9%4,290 9.9 %Shem Creek Capital Fund VII LLC2,900 16.2%2,580 16.2 %Shem Creek Sachem V LLC2,493 49.0%2,569 49.0 %Shem Creek Sachem VI LLC15,205 45.1%24,756 45.9 %Shem Creek Sachem 100 LLC8,975 100.0%13,604 100.0 %Shem Creek Capital LLC5,000 20.0%2,500 20.0 %Total Shem LLC Investments$38,667 $51,442 Cordo CLT Investors LLC$2,500 7.2%$2,500 7.2 %Total investments in LLC’s$41,167 $53,942 

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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

Shem Creek (“Shem”)For the three and nine months ended September 30, 2025, the Shem LLC investments generated $1.1 million and $4.1 million, respectively, of income for the Company. For the three and nine months ended September 30, 2024, the Shem LLC investments generated $1.5 million and $3.9 million, respectively, of income for the Company.At September 30, 2025, the Company had unfunded commitments totaling $2.4 million to the Shem LLC entities.  In October 2025, we funded $0.7 million of this commitment to the Shem LLC entities.Cordo CLT Investors LLCIn September 202