Sachem Capital (SACH)
Provides short-duration first-mortgage bridge and construction loans for real-estate investors.
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Makes short-duration, first-mortgage loans to real-estate investors and developers, earning interest and loan fees. In-house underwriting and servicing support flexible bridge and construction financing, while funding costs, borrower property exits, and REIT requirements shape the model.
Provides short-duration, non-bank mortgage loans to real-estate investors and developers acquiring, renovating, developing, or improving residential and commercial investment properties. Bridge, land-development, distressed-acquisition, fix-and-flip, and construction loans are normally secured by first-mortgage liens, generating income from contractual interest and loan-related fees.
Operates across the United States, with collateral weighted toward the Eastern Seaboard. Underwriting, loan servicing, construction oversight, and collateral workouts are handled in-house, including through Urbane Capital. Repayment often depends on borrowers refinancing or selling completed properties, while loan yields must exceed the cost of funding from equity, preferred stock, notes, credit facilities, and loan repayments.
Maintains REIT taxation by meeting income, asset, ownership, and distribution tests, and relies on a real-estate-interest exclusion under the Investment Company Act.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $29.6M · Total debt $306.3M · Total assets $472.9M · Shareholders' equity $158.8M
- Revenue
- $9.4M
- Operating income
- $3.3M
- Net income
- −$5.4M
HistoryDividendAnnual yield
| Institutions | 18.46% | 8.85M shares | |
|---|---|---|---|
| 42 holders · as of Jun 30, 2026 | |||
| Other | 81.54% | 39.10M shares | |
| remainder | |||
47.95M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Melia Wealth LLCInstitution | 5.85% | 2.81M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.36% | 2.09M | as of Jun 30, 2026 |
Cox Capital MGT LLCInstitution | 2.39% | 1.15M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 1.21% | 581,130 | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 1.12% | 538,506 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Manhattan Bridge Capital
Closest match in short-term hard-money bridge and fix-and-flip loans.
- Ready Capital
Commercial bridge and construction credit for the same investor base.
- Arbor Realty Trust
Scale competitor in bridge credit for multifamily and rental assets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sachem Capital | $0.9445 | −1.06% | $45.8M | — | — | 1.1 | −13.1% |
| Manhattan Bridge Capital | $3.89 | −1.02% | $44.9M | 9.4 | 9.0 | 5.5 | −13.2% |
| Ready Capital | $1.69 | +0.90% | $275.9M | — | — | 0.7 | −107.6% |
| Arbor Realty Trust | $4.38 | +0.81% | $834.8M | 32.1 | 10.3 | 0.7 | −11.1% |
| Median | 20.7 | 9.7 | 0.7 | −13.2% |