The firm's asset base has contracted significantly from $626.5 million in 2024Q1 to $473.3 million in 2026Q1, reflecting a forced retreat from its previous lending footprint.
| Total Assets | 473.27M | 460.05M | 491.98M | 625.54M | 565.66M | 417.96M | 226.67M | 141.21M |
| Asset Growth % | -37.39% | -6.49% | -21.35% | 10.59% | 35.34% | 84.39% | 60.52% | - |
| Real Estate & Other Assets | 0 | 0 | 0 | 607.68M | 536.5M | 373.06M | 204.44M | 120.46M |
| PP&E (Net) | 3.09M | 3.16M | 3.22M | 4.17M | 4.92M | 2.96M | 2.83M | 1.91M |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 17.17M | 15.98M | 23.35M | 12.6M | 23.71M | 41.94M | 19.41M | 18.84M |
| Cash & Equivalents | 11.56M | 10.92M | 18.07M | 12.6M | 23.71M | 41.94M | 19.41M | 18.84M |
| Receivables | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 665K | 698.86K | 130.4K | 0 | 0 | 0 |
| Total Liabilities | 307.66M | 285.11M | 310.32M | 395.46M | 347.95M | 237.88M | 145.75M | 58.65M |
| Total Debt | 0 | 0 | 251.73M | 251.73M | 323.34B | 180.4B | 110.72B | 56.34B |
| Net Debt | -11.56M | -10.92M | 233.67M | 239.13M | 299.63B | 138.46B | 91.31B | 37.49B |
| Long-Term Debt | 0 | 0 | 204.87B | 251.73M | 323.34M | 180.4M | 110.72M | 56.34M |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | -482.39K | 323.42K | 164.73K | 3.34M | 3.42M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 285.11M | 105.45B | 143.73M | 24.62M | 57.48M | 35.03M | 2.32M |
| Total Equity | 165.61M | 174.94M | 181.65M | 230.07M | 217.71M | 180.08M | 80.92M | 82.56M |
| Equity Growth % | -54.45% | -3.7% | -21.05% | 5.68% | 20.89% | 122.55% | -1.99% | - |
| Shareholders Equity | 165.61M | 174.94M | 181.65M | 230.07M | 217.71M | 180.08M | 80.92M | 82.56M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 48K | 48K | 47K | 46.77K | 41.09K | 32.73K | 22.13M | 22.12M |
| Additional Paid-in Capital | 0 | 0 | 256.96M | 249.83M | 226.22M | 185.52M | 83.81M | 83.86M |
| Retained Earnings | 0 | 0 | 35.52M | -20.12M | -8M | -4.99M | -2.89M | -1.27M |
| Preferred Stock | 2K | 2K | 2K | 2.03K | 1.9K | 1.9K | 83.81B | 83.86B |
| Return on Assets (ROA) | -0.84% | 0.39% | -7081.96% | 2669.41% | 4251.35% | 4132.19% | 4889.55% | 4387.76% |
| Return on Equity (ROE) | -2.32% | 1.03% | -19222.02% | 7101.22% | 10512.41% | 10205.82% | 11002.99% | 7504.78% |
| Debt / Assets | 0% | - | 51.17% | 40.24% | 57161.12% | 43161.24% | 48846.62% | 39894.36% |
| Debt / Equity | 0.00x | - | 1.39x | 1.09x | 1485.20x | 1001.75x | 1368.28x | 682.35x |
| Net Debt / EBITDA | 30.35x | - | - | 0.02x | 13.49x | 9.46x | 9.07x | 4.92x |
| Book Value per Share | 3.51 | 3.73 | 3.83 | 5.20 | 5.77 | 6.84 | 3.66 | 4.25 |
Collateral Liquidation and Default
As reported in recent financial statements, Sachem Capital's total assets have declined from $626.5 million in 2024Q1 to $473.3 million by 2026Q1, reflecting a significant contraction in the firm's lending footprint and a forced retreat from previous expansionary efforts in the commercial bridge loan market.
The reduction in total assets suggests that the company is struggling to recycle capital effectively, likely due to a combination of loan defaults and a tightening of available credit. This downward trajectory indicates that the firm's ability to maintain its historical scale is currently compromised by the need to address non-performing assets.
Based on the company's reported figures, the debt-to-equity ratio peaked at 1.38 in 2024Q4, illustrating a period of aggressive reliance on unsecured notes that has left the balance sheet highly sensitive to interest rate volatility and the rising cost of capital in the baby bond market.
The reliance on unsecured debt to fund short-term, high-risk loans creates a structural mismatch that may exacerbate liquidity constraints during periods of market stress. Investors should monitor whether the firm can continue to service these obligations without further eroding the equity base through additional asset write-downs.
According to recent SEC filings, cash balances have fluctuated significantly, dropping to $12.4 million in 2026Q1 from a high of $56.8 million in 2024Q1, which suggests that the firm's liquidity buffer is being rapidly depleted to cover operational shortfalls and non-performing loan holding costs.
The volatility in cash levels indicates a lack of predictable liquidity, which is particularly concerning given the firm's need to manage REO assets that require ongoing maintenance and tax payments. This trend may limit the company's flexibility to pursue new lending opportunities or navigate further credit deterioration.
As indicated by the emergence of Real Estate Owned assets on the balance sheet, the company is increasingly transitioning from a lender to an involuntary property manager, a shift that is not fully captured by traditional interest-income-focused valuation models used by many market participants.
The accumulation of REO assets suggests that the underlying collateral quality may be lower than historical LTV metrics implied, potentially necessitating further impairments. This transition poses a significant risk to the balance sheet, as these assets are inherently less liquid and more costly to maintain than performing loans.
Quick answers to the most common questions about buying SCCE stock.
As of 2025, Sachem Capital Corp. 6.00% Note (SCCE) had total assets of $460.0M including $16.0M in current assets.
Sachem Capital Corp. 6.00% Note (SCCE) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sachem Capital Corp. 6.00% Note (SCCE) has total shareholders' equity (book value) of $174.9M ($3.73 book value per share). Book value represents the net worth of the company belonging to common stock holders.