Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 49

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 49
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December 31, 2024Level 1Investment securities$1,429 $1,517 Level 3Loans held for sale, net8,797 10,970 The following table illustrates assets and liabilities measured at fair value on a nonrecurring basis:Fair Value Measurement(in thousands)September 30, 2025December 31, 2024Level 3Individually evaluated loans, net of allowance for credit losses$77,619 $80,757 Real estate owned, net18,912 18,574 There were no nonrecurring fair value adjustments to the above assets for the nine months ended September 30, 2025.

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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

The following table presents the carrying amounts and fair values of financial instruments at September 30, 2025 and December 31, 2024:Carrying AmountFair Value Measurement(in thousands)September 30, 2025December 31, 2024September 30, 2025December 31, 2024Level 1Cash and cash equivalents$11,172 $18,066 $11,172 $18,066 Notes payable (listed) – fixed rate debt173,254 230,239 162,449 194,810 Investment securities1,429 1,517 1,429 1,517 Level 2Lines of credit and repurchase agreements – variable rate debt40,565 73,708 40,565 73,708 Level 3Loans held for investment, net361,740 356,571 361,740 356,571 Loans held for sale, net8,797 10,970 8,797 10,970 Interest and fees receivable and due from borrowers9,859 8,918 9,859 8,918 Investments in limited liability companies41,167 53,942 41,167 53,942 Advances from borrowers5,811 4,047 5,811 4,047 Senior secured notes payable90,000 — 91,038 — Mortgage payable939 1,002 939 1,002 Loans held