Welcome to our dedicated page for Sachem Capital news (Ticker: SACH), a resource for investors and traders seeking the latest updates and insights on Sachem Capital stock.
Sachem Capital Corp. reports developments as a mortgage REIT focused on short-term, secured nonbanking loans to real estate investors. The company originates, underwrites, funds, services, and manages loans secured by first mortgage liens on residential and commercial real estate, with uses that include acquisition, renovation, development, rehabilitation, and improvement of properties. Its updates also address opportunistic real estate purchases outside its lending portfolio.
Recurring news for SACH includes quarterly and annual earnings releases, loan portfolio and credit-profile commentary, capital structure and liquidity updates, common and preferred stock dividends, REIT distribution tax reporting, and financing arrangements tied to its real estate lending platform.
Sachem Capital Corp. (NYSE American: SACH) has successfully closed a registered public offering of $50 million in 6.00% unsecured and unsubordinated notes due March 30, 2027. The net proceeds are expected to be approximately $48.2 million. The company has granted underwriters a 30-day option for an additional $7.5 million in notes. The notes, rated BBB+ by Egan-Jones, will mature in 2027 and be redeemable after March 9, 2024. Proceeds will primarily support working capital and fund new real estate loans secured by first mortgage liens.
Sachem Capital Corp. (NYSE American: SACH) has announced a public offering of $50 million in 6.00% unsecured notes due in five years, expecting net proceeds of approximately $48.2 million. The offering is set to close on March 9, 2022, with a potential 30-day option for underwriters to purchase an additional $7.5 million. The notes will have a private credit rating of BBB+ and will be listed under the symbol 'SCCE'. Interest will be paid quarterly starting June 30, 2022, with maturity on March 30, 2027.
Sachem Capital Corp. (NYSE American: SACH) has announced a public offering of unsecured, unsubordinated notes with a five-year maturity. The notes, expected to be listed under the symbol "SCCE," will rank equally with existing unsecured debt. The offering, rated BBB+ by Egan-Jones Ratings, is managed by Ladenburg Thalmann & Co., Janney Montgomery Scott, InspereX, and William Blair. A preliminary prospectus was filed with the SEC detailing the offering. Investors are encouraged to review the risks and details before investing.
Sachem Capital Corp. (SACH) announced that its Chief Investment Officer, Bill Haydon, will present at the Aegis Capital Corp. Virtual Conference from February 23rd to 25th, 2022. The live presentation is scheduled for February 25th at 12:30 PM ET. Investors can watch the presentation via a YouTube live stream. A replay will be accessible on the company's website afterwards.
Sachem Capital Corp. (NYSE American: SACH) announced the promotion of Nicholas Marcello to Vice President, Finance and Operations, effective immediately, following the planned retirement of Peter Cuozzo as Executive Vice President and COO on January 14, 2022. Marcello, who joined in September 2020 as Director of Finance, will lead business operations while overseeing financial reporting and capital markets activities. CEO John Villano expressed confidence in Marcello's leadership and thanked Cuozzo for his decade of service in advancing the company's mission in real estate financing.
Sachem Capital Corp. (NYSE American: SACH) has successfully sold an additional $6.75 million in unsecured notes, resulting in total gross proceeds of $51.75 million from its recent public offering. The net proceeds amount to $49.83 million after deducting underwriting costs and expenses. The notes carry a 6.0% interest rate and are set to mature in 2026. The offering was managed by several financial firms, including Ladenburg Thalmann & Co. Inc. and Janney Montgomery Scott LLC.
Sachem Capital Corp. (NYSE American: SACH) has declared a quarterly dividend of $0.12 per share, payable on January 10, 2022, to shareholders of record on December 31, 2021. CEO John Villano expressed optimism about the company's strong financial performance in 2021 and its favorable outlook for 2022, positioning itself as a top non-bank real estate lender for new lending opportunities.
Sachem Capital Corp. (NYSE American: SACH) has completed a public offering of $45 million in 6.0% unsecured notes due 2026, with estimated net proceeds of approximately $43.3 million. An over-allotment option of $6.75 million is available until January 13, 2022. The notes will trade under the symbol 'SCCD' starting December 22, 2021, and are expected to fund new real estate loans primarily secured by first mortgage liens. These notes have a BBB+ rating from Egan-Jones Ratings Company.
Sachem Capital Corp. (NYSE American: SACH) has announced a public offering of $45 million in 6.0% unsecured notes due 2026. The net proceeds are estimated at approximately $43.3 million. The offering is expected to close on December 20, 2021, with an option for underwriters to purchase an additional $6.75 million in notes. The notes will have a BBB+ rating from Egan-Jones and will mature on December 30, 2026, with interest payable quarterly starting March 30, 2022. The company specializes in first mortgage loans for real estate investors in Connecticut.
Sachem Capital Corp. (NYSE American: SACH) has announced a public offering of unsecured, unsubordinated notes due in five years. The Notes will rank pari passu with the company's existing unsecured debts and are expected to be listed under the symbol 'SCCD'. The offering will be priced with an interest rate determined at that time. The securities carry a private rating of BBB+ from Egan-Jones Ratings. The offering is being managed by a group of financial institutions including Ladenburg Thalmann & Co. Inc. and Janney Montgomery Scott LLC.