Company: SACH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001682220-25-000044
Chunk: 33

Company: Sachem Capital Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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Loans PledgedNumber of Loans(in thousands)(in thousands)Loans held for investment sold under the repurchase agreement$34,144 10$66,365 17Total$34,144 $66,365 The following table summarizes the contractual maturities for loans held for investment sold under the Churchill Facility agreement:June 30, 2025December 31, 2024(in thousands)Maturing within one year$27,174 $56,050 After one but within two years6,970 10,315 Total$34,144 $66,365 The NHB Mortgage and the Churchill Facility contain cross-default provisions.

10.    Unsecured Notes Payable

At June 30, 2025, the Company had an aggregate of $230.2 million of unsecured, unsubordinated notes payable outstanding, net of deferred financing costs (collectively, the “Notes”). At June 30, 2025, the Company had five series of Notes outstanding:(i)Notes having an aggregate principal amount of $56.3 million bearing interest at 7.75% per annum and maturing September 30, 2025 (the “September 2025 Notes”); (ii)Notes having an aggregate principal amount of $51.7 million bearing interest at 6.0% per annum and maturing December 30, 2026 (the “December 2026 Notes”);(iii)Notes having an aggregate principal amount of $51.9 million bearing interest at 6.0% per annum and maturing March 30, 2027 (the “March 2027 Notes”); (iv)Notes having an aggregate principal amount of $30.0 million bearing interest at 7.125% per annum and maturing June 30, 2027 (the “June 2027 Notes”); and(v)Notes having an aggregate principal amount of $40.3 million bearing interest at 8.00% per annum and maturing September 30, 2027 (the “September 2027 Notes”).The Notes were sold in underwritten public offerings, were issued in denomination of $25.00 each and are listed on the NYSE American and trade under the symbols “SCCC,” “SCCD,” “SCCE,” “SCCF” and “SCCG,” respectively. All the Notes were issued at par except for the last tranche of the September 2025 notes, in the original