Sachem Capital Corp.
SACH
$1.02
$0.000.00%
AMEX
Corporate Info
Website
Phone Number
203 433 4736
Address
568 East Main Street
Branford, CT 06405
Branford, CT 06405
Country
United States
Year Founded
2010
Details
Sector
Financials
Industry
Financial Services
Employees
29
Business Decription
Sachem Capital Corp. operates as a real estate finance company in the United States. It engages in the originating, underwriting, funding, servicing, and managing of a portfolio of short-term loans secured by first mortgage liens on real property. The company also offers non-bank loans. It serves real estate investors and developers to fund their acquisition, renovation, rehabilitation, development, and improvement of residential or commercial properties. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was formerly known as HML Capital Corp. and changed its name to Sachem Capital Corp. in December 2016. The company was founded in 2010 and is headquartered in Branford, Connecticut.