Sachem Capital Corp. amended Amendment No. 2 with Needham Bank (effective 2026-01-21).
“On January 21, 2026, Sachem Capital Corp. (the “Company”) entered into Amendment No. 2 (“Amendment No. 2”) to the Credit, Security and Guaranty Agreement, among the Company, as the guarantor, SN Holdings, LLC, a Connecticut limited liability company and wholly owned subsidiary of the Company, as the borrower, Needham Bank, a Massachusetts co-operative bank, as the administrative agent for the lenders party thereto with respect to the $50 million revolving credit facility (the “Needham Credit Facility”).”
Governance Changes
Sachem Capital Corp.: Increased authorized Preferred Shares from 2,903,000 to 3,332,000 and reserved Common Shares upon conversion at 83,300,000 (effective 2025-11-13).
“On November 13, 2025, the Company filed an amendment of the Certificate of Incorporation, as previously amended with the Department of State of the State of New York to increase the number of authorized Preferred Shares from 2,903,000 to 3,332,000 and to fix the number of the Common Shares reserved upon conversion of the Preferred Shares at 83,300,000 (the “Charter Amendment”).”
Debt Financings
Sachem Capital Corp. incurred senior notes of $100 million aggregate principal amount with various institutional investors at 9.875% per annum maturing June 11, 2030.
“On June 11, 2025, Sachem Capital Corporation Holdings, LLC, an indirect, wholly-owned subsidiary of Sachem Capital Corp. (the "Company"), consummated a private placement of $100 million aggregate principal amount of Senior Secured Notes due June 11, 2030 (the "Notes") to various institutional investors under the Note Purchase and Guaranty Agreement (the "Agreement").”
Jeffery C. Walraven was appointed as Director at Sachem Capital Corp..
“On August 21, 2024, the Board appointed Jeffery C. Walraven to the Board with a term expiring at the 2024 Annual Meeting.”
Nicholas M. Marcello changed role as Chief Financial Officer at Sachem Capital Corp..
“On August 8, 2024, the Company promoted Nicholas M. Marcello to the position of Chief Financial Officer.”
John L. Villano changed role as Chief Financial Officer at Sachem Capital Corp..
“On June 5, 2024, the Company appointed Nicholas M. Marcello as its Interim Chief Financial Officer, replacing John L. Villano in that position.”
Nicholas M. Marcello was appointed as Interim Chief Financial Officer at Sachem Capital Corp..
“On June 5, 2024, the Company appointed Nicholas M. Marcello as its Interim Chief Financial Officer, replacing John L. Villano in that position.”
Earnings Releases
Sachem Capital Corp. reported first quarter ended March 31, 2024 results: revenue $17.2 million, net income $3.6 million, EPS $0.08 per share.
“31, 2024. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm2414164d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 SACHEM CAPITAL REPORTS FIRST QUARTER 2024 RESULTS – REVENUES GREW 17.0% TO $17.2 MILLION - Company to Host Webcast and Conference Call - BRANFORD, Conn., May 10, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced its financial results for”
Earnings Releases
Sachem Capital Corp. reported year ended December 31, 2023 results: revenue $65.6 million, net income approximately $12.1 million, or $0.27 per share, EPS $0.27 per share.
“and will continue our efforts to protect our capital and increase shareholder value.” Results of operations for year ended December 31, 2023 Total revenue increased 25.5% to $65.6 million, compared to $52.3 million for the year ended December 31, 2022. Revenue growth was due primarily to the growth in size of the company’s mortgage portfolio and increases in rates”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.