{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-028523","form_type":"8-K","ticker":"SACH","cik":"0001682220","company_name":"Sachem Capital Corp.","filed_at":"2023-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.129761+00:00","generated_at":"2026-06-18T13:13:59.588196+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Sachem Capital enters $45M revolving credit facility with Needham Bank, refinances mortgage","bullets":["Entered $45M revolving credit facility with Needham Bank, expandable to $75M, secured by substantially all assets.","Credit facility matures March 2, 2026, with one-year extension option; interest at prime minus 0.25% (floor 4.50%).","Refinanced $1.4M mortgage into $1.66M loan from New Haven Bank at 5.75% initial rate, maturing March 1, 2038.","New mortgage is non-recourse, secured by properties at 698 Main St and 568 East Main St, Branford, CT."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-028523","json":"https://secwatch.observer/filing/0001104659-23-028523.json","markdown":"https://secwatch.observer/filing/0001104659-23-028523.md","text":"https://secwatch.observer/filing/0001104659-23-028523.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682220/000110465923028523/0001104659-23-028523-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682220/000110465923028523/tm238526d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T13:13:59.588196+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cda50857cc2a93442b3c6caf3fce61c499a252fd","claim":"Sachem Capital Corp. incurred revolving credit of $45 million with Needham Bank at the greater of (i) the annual rate of interest equal to the 'prime rate,' as pub maturing March 2, 2026.","evidence_excerpt":"On March 2, 2023, Sachem Capital Corp. (the “ Company ”) entered into Credit and Security Agreement (the “ Credit Agreement ”), with Needham Bank, a Massachusetts co-operative bank, as the administrative agent (the “ Administrative Agent ”) for the lenders party thereto (the “ Lenders ”) with respect to a $45 million revolving credit facility (the “ Credit Facility ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682220/000110465923028523/0001104659-23-028523-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$45 million"},{"label":"Counterparty","value":"Needham Bank"},{"label":"Rate","value":"the greater of (i) the annual rate of interest equal to the 'prime rate,' as pub"},{"label":"Maturity","value":"March 2, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"81bc2678f8e2e0122d2b46fb2676833b55650ba3","claim":"Sachem Capital Corp. entered into Credit Agreement with Needham Bank valued at $45 million (effective 2023-03-02).","evidence_excerpt":"On March 2, 2023, Sachem Capital Corp. (the “ Company ”) entered into Credit and Security Agreement (the “ Credit Agreement ”), with Needham Bank, a Massachusetts co-operative bank, as the administrative agent (the “ Administrative Agent ”) for the lenders party thereto (the “ Lenders ”) with respect to a $45 million revolving credit facility (the “ Credit Facility ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682220/000110465923028523/0001104659-23-028523-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Needham Bank"},{"label":"Value","value":"$45 million"},{"label":"Effective","value":"2023-03-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}