secwatch.observer — SEC 8-K summary
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Issuer:     Sachem Capital Corp. (SACH)
CIK:        0001682220
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001104659-24-098922
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sachem Capital acquires 20% stake in Shem Creek Capital for $5M with option for additional 10%
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- Acquired 20% membership interest in Shem Creek Capital, LLC (manager of Shem private credit funds) for $5M.
- Option to acquire up to additional 10% interest by early 2027 at a set valuation.
- Shem focuses on first mortgage loans on commercial real estate in Northeast US, including value-add multifamily and workforce housing.
- Sachem previously invested ~$47M with Shem, generating double-digit returns with no losses to date.
- CEO says investment diversifies business model and expands into asset management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682220/000110465924098922/0001104659-24-098922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682220/000110465924098922/tm2423818d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098922

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