secwatch.observer — SEC 8-K summary
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Issuer:     Sachem Capital Corp. (SACH)
CIK:        0001682220
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001104659-25-028802
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 1.02, 2.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sachem Capital reports FY2024 net loss of $43.9M ($0.93/sh); revenue down 11% to $57.5M
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- Net loss attributable to common shareholders $43.9M ($0.93 per share) vs prior year net income of $12.1M ($0.27).
- Total revenue $57.5M, down from $64.7M in 2023; interest income fell to $43.2M from $49.3M.
- Provision for credit losses surged $21.3M to $75.3M total operating expenses; net loss includes $39.6M operational loss.
- Total assets declined 21% to $492.0M; loans held for investment reduced by $130.5M.
- Entered new $50M revolving credit facility with Needham Bank, replacing $65M facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682220/000110465925028802/0001104659-25-028802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682220/000110465925028802/tm2510628d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-028802

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