FAQs
What is a hard money loan?
A hard money loan from Sachem Capital is a short-term, asset-based financing product secured by real estate rather than personal credit. We specialize in hard money loans designed for investors who need quick, reliable funding for acquisitions, renovations, or developments.
What types of loans does Sachem Capital offer?
We provide a full range of short-term financing solutions tailored to real estate investors, including:
• Fix & Flip Loans
• New Construction Loans
• Stabilized & Value-Add Bridge Loans
• Entitled Land Development Loans
• Distressed Acquisition Loans
What types of properties does Sachem Capital lend on?
We finance a broad range of property types, including:
• Single Family
• Multifamily
• Retail
• Medical Office
• Industrial
• Other Commercial Real Estate
What are the minimum and maximum loan amounts at Sachem Capital?
We offer loans ranging from $500,000 to $25,000,000, depending on the property and project.
Where does Sachem Capital lend?
We currently lend in: CT, MA, RI, ME, NH, PA, NJ, DE, VA, NC, SC, TN, GA & FL
NY (Westchester, Putnam & Dutchess Counties only).
How long does it take Sachem Capital to close a loan?
Most loans close in 30 to 45 days, depending on documentation and property conditions. In some cases, closings can occur even faster when all requirements are met.
Does Sachem Capital require perfect credit to qualify?
No. Our underwriting focuses primarily on the property, experience and project itself, rather than solely on credit scores or income. This makes our bridge loans and hard money loans an ideal fit for borrowers who may not qualify for traditional bank financing.
What is Sachem Capital’s maximum LTV and LTC?
Please review our bridge loan programs to get information regarding our guidelines.
Are there prepayment penalties with Sachem Capital loans?
In most cases, Sachem Capital does not charge prepayment penalty fees. You can repay your loan early without incurring additional costs.
How do I get started with a loan from Sachem Capital?
Simply provide us with your project details (property location, loan amount, and your plan). Our in-house team will review your request and provide a tailored term sheet if your project qualifies.
Why choose Sachem Capital?
If you are looking to do business with an experienced team and do not have the time or energy to deal with a conventional lender, you should look to Sachem Capital Corp.. At Sachem Capital Corp., you will not be bothered with upfront fees, a pile of paperwork or endless concerns from an underwriting committee. Funding estimates usually take only a day or two. We don’t just fund your project, we understand it and work together with you to ensure its success.
What is Sachem Capital Corp's stock symbol?
Our stock is traded on the NYSE MKT under the symbol SACH.
When was Sachem Capital Corp incorporated?
December 2010
When did Sachem Capital Corp become a public company?
February 9, 2017
Where is Sachem Capital Corp located?
568 East Main Street
Branford, CT 06405
When does Sachem Capital Corp's fiscal year end?
December 31st
Who is Sachem Capital Corp's independent auditor?
Baker Tilly US, LLP
Chuck Kronmiller
1650 Market St, Ste 4500
Philadelphia, PA 19103-7341
T: +1 (215) 972 0701
F: +1 (888) 264 9617
Who is Sachem Capital Corp's outside legal counsel?
Kurzman Eisenberg Corbin & Lever, LLP
Joel J. Goldschmidt
260 Madison Avenue
16th Floor
New York, NY 10016
P: (212) 697-5550
jgoldschmidt@kelaw.com
Whom can I contact for general information about Sachem Capital Corp?
T: 475-338-1298
investors@sachemcapitalcorp.com