Sachem Capital Corp (NYSE: SACH) gained to close at $ 4.78 on Friday after gaining $ 0.01 (0.21%) on volume of 71,454 shares. The stock ranged from a high of $ 4.83 to a low of $ 4.74, while Sachem Capital’s market cap now stands at $ 135,350,145.
About Sachem Capital Corp
Sachem Capital Corp. specializes in the issuance, underwriting, financing, management and management of a portfolio of senior mortgages. It offers short-term (i.e. three years or less) guaranteed non-bank loans (sometimes referred to as “hard money” loans) to real estate investors to finance their acquisition, renovation, development, rehabilitation or improvement of property. properties located primarily in Connecticut. The company does not lend to owner-occupiers. The main underwriting criterion of the company is a prudent loan-to-value ratio. The properties securing the company’s loans are generally classified as residential or commercial real estate and generally are held for resale or investment. Each loan is secured by a first mortgage on real estate. Each loan is also personally guaranteed by the principal (s) of the borrower, which collateral can be secured by a pledge of the guarantor’s interest in the borrower. The company also makes opportunistic real estate purchases outside of its lending business. The company believes it qualifies as a real estate investment trust (REIT) for federal income tax purposes and has elected to be taxed as a REIT as of its 2017 tax year.
Visit the Sachem Capital Corp profile for more information.
About the New York Stock Exchange
The New York Stock Exchange is the world’s largest stock exchange by market value with more than $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.
To get more information about Sachem Capital Corp and keep up with the latest company updates, you can visit the Company Profile page here: Sachem Capital Corp Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.
Sources: The chart is provided by TradingView on the basis of prices delayed by 15 minutes. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.
The views and opinions expressed in this article are those of the authors and do not represent the views of equities.com. Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit: http://www.equities.com/disclaimer
Biden vows to complete evacuation and avenge deaths of 13 U.S. servicemen
Atlanta Fed Chairman Bostic Says October would be ‘Reasonable’ Time to Start Cutting Bond Purchases
Texas House Republicans pass new voting restrictions bill after months of Democrat protests
Contaminant found in Moderna vaccines in Japan is believed to be metallic
Hurricane New Orleans watches as Tropical Storm Ida looms
Microsoft Warns Cloud Computing Customers Against Exposed Databases
Peloton shares fall 10.6% in after-hours trading with worse-than-expected quarterly loss
Roundhill MEME ETF Tries to Tap Retail Investor Sentiment and Social Media