Sachem Capital Corp.: directors' dealings · United States · SEC (Form 4)

About Sachem Capital Corp.

Sachem Capital Corp. is a United States-based real estate finance company listed on the NYSE American market under the symbol SACH. Headquartered in Branford, Connecticut, the company was organized as a New York corporation in January 2016 under the name HML Capital Corp. and later changed its name to Sachem Capital Corp. in December 2016. It went public in February 2017 after operating earlier as Sachem Capital Partners, LLC. For investors, Sachem is best understood as a mortgage REIT-style credit platform focused on short-duration, asset-backed lending rather than a traditional deposit-taking bank. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1682220/000168222026000014/sach-20251231.htm)) The company’s core business is originating, underwriting, funding, servicing, and managing loans secured by first mortgages on real property. These are typically short-term loans, usually one to three years in maturity, made to real estate investors who need capital to acquire, renovate, rehabilitate, develop, or improve residential and commercial properties. Sachem emphasizes conservative underwriting, particularly prudent loan-to-value ratios, and structures each loan with a first mortgage lien; in many cases, the borrower’s principal also provides a personal guarantee. In addition to lending, the company selectively purchases real estate assets outside its lending book, giving it a small but meaningful opportunistic property ownership component. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1682220/000168222026000006/sach4q25earnings-businessu.htm)) In competitive terms, Sachem Capital occupies a niche position as a non-bank real estate lender. Its value proposition is speed, flexibility, and the ability to finance transactions that may be too specialized, time-sensitive, or execution-heavy for conventional banks. This niche can support attractive spreads, but it also comes with credit and asset-quality risk, refinancing risk, and exposure to real estate market cycles. The company’s 2025 annual report shows mortgage loan coupons ranging from 7.0% to 15.0%, which is consistent with a higher-yield private credit profile and indicates that the business is oriented toward borrowers seeking specialized, transaction-based financing. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1682220/000168222026000014/sach-20251231.htm)) Geographically, Sachem’s footprint is primarily in the United States, with a strong operational base in Connecticut and exposures in markets such as Florida. Its principal executive offices are at 568 East Main Street in Branford, Connecticut, and the company also uses Urbane Capital as an internal development and asset-management platform for owned real estate. Recent developments have been notable. In February 2026, Sachem announced the sale of its Westport, Connecticut office asset, which generated approximately $19.9 million in net cash proceeds and a reported book gain of about $4.0 million. It also completed a noncash exchange related to its legacy Naples, Florida exposure, acquiring condominium assets so that Urbane Capital could assume active management, development, and monetization. Separately, the company extended its $50.0 million revolving credit facility with Needham Bank in January 2026, improving liquidity flexibility and extending maturity to March 2028, with a possible one-year extension. These actions point to a balance-sheet management strategy centered on liquidity, portfolio cleanup, and capital discipline. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1682220/000168222026000006/sach4q25earnings-businessu.htm))