Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 21

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 2025

As of September 30, 2025 and December 31, 2024, the Company had one borrower representing 13.4% and 14.0% of the outstanding mortgage loan portfolio, or $50.4 million and $55.0 million, respectively.  These loans are included in our nonperforming loan portfolio.The following table presents the Company’s loans held for investment portfolio by geographical location as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024(in thousands)Carrying Value% of PortfolioCarrying Value% of PortfolioNew England$158,731 42.3 %$179,421 47.6 %Mid-Atlantic40,096 10.7 %42,304 11.2 %South176,393 47.0 %151,165 40.1 %West— — %4,101 1.1 %Total$375,220 100.0 %$376,991 100.0 %The following tables present the carrying value of the Company’s loans held for investment portfolio based on credit quality indicators in assessing estimated credit losses and vintage of origination at the dates indicated:September 30, 2025Year Originated (1)FICO Score (2)(in thousands)CarryingValue20252024202320222021PriorLoans held for investment: Under 500$142 $— $142 $— $— $— $— 501-5501,072 — — — — 944 128 551-600286 286 — — — — — 601-65019,005 2,743 6,840 1,052 1,795 — 6,575 651-70085,601 17,851 4,755 6,777 9,961 44,866 1,391 701-750117,296 19,278 7,089 27,134 756 62,088 951 751-800134,194 35,268 22,943 42,869 13,355 19,759 — 801-85017,624 3,285 — 1,700 12,639 — — Total$375