Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 81

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 origination:

Year of OriginationNumber ofLoansPercentageAggregate GrossPrincipalAmountPercentage(in thousands)20251916.0 %78,70921.0 %20242319.3 %41,76911.1 %20232319.3 %79,53221.2 %20221815.1 %38,50810.3 %20212319.3 %127,65734.0 %202043.4 %6,2831.7 %2019 and prior97.6 %2,7620.7 %Total119100.0 %375,220100.0 %

31

The following table presents additional information regarding the types of properties securing loans held for investment as of September 30, 2025 and December 31, 2024:

September 30, 2025December 31, 2024(in thousands)Aggregate Gross Principal AmountPercentageAggregate Gross Principal AmountPercentageResidential$202,220 53.9 %$211,939 56.2 %Commercial113,952 30.4 %95,509 25.3 %Pre-Development Land13,890 3.7 %23,466 6.3 %Mixed Use45,158 12.0 %46,077 12.2 %Total$375,220 100.0 %$376,991 100.0 %

Allowance for Credit Losses

Our allowance for credit losses is influenced by historical loss experience, current exposure by geographical region, current expected credit losses on loans in foreclosure based on fair value less cost to sell, non-performing status, and other supportable forecasts of economic conditions. A loan is considered non-performing once it has been delinquent on its monthly payments more than 90 days.

The following table presents the allowance for credit losses against unpaid principal balance of loans held for investment as of September 30, 2025 and December 31, 2024:

September 30, 2025December 31, 2024(in thousands)Aggregate Gross Principal AmountAllowancePercentage ofRespectivePrincipalAggregate Gross Principal AmountAllowancePercentage ofRespectivePrincipalPerforming – General reserve$271,154 $(5,205)1.9 %$289,910 $(5,051)1.7 %Non-performing – General reserve20,970 (403)1