Direct Private Lender for Real Estate Investors

Sachem Capital Corp. is a Connecticut-based real estate finance company established in 2010. Our success has been built by understanding the unique character of each borrower’s request, providing them with personal and responsive service, and finding creative solutions that meet their financing requirements. Our loans our based on equity and our we target a maximum LTV at 70%.

Property Geographic Area Details

Connecticut, Massachusetts, Rhode Island, New York (NYC, Long Island, Westchester County), New Jersey, Flroida

Loan Amounts

$75,000 to $2,500,000

Interest Rates

12% to 12%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

70.00%

Origination Fees

2.5% to 5%

Loan Terms

6 months to 36 months

Lien Position

  • 1st
  • 2nd

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Gas Station
  • Mixed-Use
  • Mobile Home Park
  • Multifamily
  • Residential Land
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Preferred Equity

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out

Junior Liens

Junior Lien Loan Amounts

$40,000.00 to $4,000,000.00

Junior Lien Interest Rates

12% to 12%

Junior Lien Loan-to-Value

70.00%

Junior Lien Loan-to-Cost

70.00%

Junior Lien Origination Fees

2.50% to 5.00%

We Fund Junior Position Loans

Rarely

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
  • Preferred Equity

Land Loan

Description

We offer refinance or equity cash out loans for land. We will not consider a land purchase.

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Office Land
  • Retail Land
  • Special Purpose Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

70.00%

Max LTC for Land Acquisition

0%

Purchase Loan

Borrower must have a 30% down payment in cash or equity in another investment property. We do not allow seller carrybacks or gap funding in 2nd position.

Max Loan-To-Purchase Price

70.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Subject Property
  • Equity in Another Investment Property

Rehab Value Add Loan

Borrower must contribute 30% of the total renovation budget.

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

70.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

70.00%

Construction Loan

Borrower must contribute 30% of the total construction budget.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

70.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Credit Report
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Credit Check Description

No Minimum Credit Score

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Processing Fee

$595 one time

Legal Fee

Inspection Fee

$350 per property

Credit Report Fee

$65

Minimum Origination Fee Amount

$1,500

Fees which are mandatory for all new borrower clients

  • Deposit
  • Underwriting Fee
  • Appraisal Fee
  • Inspection Fee
  • Credit Report Fee
  • Background Check Fee

Additional Details

We will fund the purchase costs and legal for clients. The estimated borrowers closing attorney costs should be discussed prior to closing.

Sachem Capital Corp. Sachem is a Connecticut-based real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans.  Specializing in non-conventional loans for commercial and investment property. We have carved out a unique niche through our value-based lending concept, which utilizes equity in the borrower’s real estate to provide capital for financing real estate projects. While most hard money lenders typically offer loans for up to one year, we can structure loans for up to three years. As direct lenders we have the flexibility to structure a loan to meet the needs of our borrowers. We work with each borrower to explore all reasonable alternatives to fund a transaction.

In virtually all cases, loan review and due diligence are performed with our money — not yours. No upfront fees are required while we work on your loan transaction. Once your application is submitted, our team works quickly to provide fast turnaround times, allowing you to get started on your project as quickly as possible. Preliminary commitments are usually given in a day or two, and in most cases, closings are scheduled within 10 business days.

Sachem Capital Corp. is listed on the New York Stock Exchange, ticker symbol SACH.

Company Size (Number of Employees)

12

Year Established

2015

Office Locations

698 Main Street, Branford, Connecticut 06405

Primary Capital Source

  • Hedge Funds
  • Asset Management Companies

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Brokerage
  • Commercial Real Estate Investing

Lauren Grady

Sales & Marketing Manager

John Villano

CEO

Before You Contact Us

Our Minimum Loan Amount Is

$75,000

What We Do

  • Properties in Connecticut & Florida
  • Bridge, Rehab, Construction Loans
  • Up to 70% LTV
  • 30%+ Cash Required for Purchase

Not Available

  • NO 100% Financing or higher than 70% LTP
  • NO Owner-Occupied Homes
  • NO Cannabis-Use Properties

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

acres

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Before You Contact Us

Our Minimum Loan Amount Is

$75,000

What We Do

  • Properties in Connecticut & Florida
  • Bridge, Rehab, Construction Loans
  • Up to 70% LTV
  • 30%+ Cash Required for Purchase

Not Available

  • NO 100% Financing or higher than 70% LTP
  • NO Owner-Occupied Homes
  • NO Cannabis-Use Properties