Sachem Capital Corp. · AMEX:SACH

Sachem Capital — Q2 2024 Earnings Presentation

18 slides from Sachem Capital's earnings presentation, Aug 14, 2024

  1. Slide 1: Sachem Capital Corp. Investor Presentation – August 2024

    Sachem Capital Corp. Investor Presentation – August 2024 NYSE - American: SACH

  2. Slide 2: Safe Harbor

    Safe Harbor This presentation includes forward-looking statements. All statements in this presentation, other than statements of historical facts, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, a

  3. Slide 3: Sachem Capital Corp. mission

    Sachem Capital Corp. Sachem Capital Corp. is dedicated to transforming real estate investing through innovative financing solutions that empower investors to build vibrant communities. Our mission is to be a trusted partner, offering tailored financial products that adapt to the unique needs of each

  4. Slide 4: Corporate Overview

    Corporate Overview  Sachem Capital Corp. (NYSE:SACH) is a Connecticut–based non-bank real estate finance company focused on originating, servicing and managing a portfolio of short-term loans secured by first mortgage liens on commercial real estate property  Sachem’s clients are real estate inves

  5. Slide 5: Organizational Highlights

    Organizational Highlights  Intimate knowledge of the Eastern U.S. real estate market, enhancing our ability to identify attractive opportunities Market Knowledge  Established relationships with local developers and participants in local markets, such as Naples and Orlando, Florida, to provide us w

  6. Slide 6: Key Metrics

    Key Metrics1 Loans funded in $1.9MM > 2,000+ $1.1BN in 15 states Average loan size Transactions completed Origination since inception 12.7% $586MM 91% of Loans 262 have term of less than Average yield(2) Total assets one year Mortgage loans $73.1MM $10.4MM $3.9MM 0.8% Net foreclosure unpaid Dividend

  7. Slide 7: Loan Portfolio Overview

    Loan Portfolio Overview Distribution by Property Type Distribution by State Residential Commercial Land Mixed Use CT FL NY Other 5.9% 6.8% 22.5% 36.3% 12.8% 29.3% 58.0% 28.4% *All data as of June 30, 2024 7

  8. Slide 8: Origination Locations

    Origination Locations Strong Eastern Seaboard Presence Complemented by Local Market Knowledge  California  Connecticut  Florida  Georgia Branford, CT  Massachusetts  Maryland  Maine  North Carolina  New Jersey  New York  Pennsylvania  Rhode Island Naples, FL  South Carolina  Tennessee

  9. Slide 9: Loan Products

    Loan Products Construction Loans Acquisition/Bridge Refinance Specialty Finance 9

  10. Slide 10: Favorable Market Dynamics

    Favorable Market Dynamics Market Dynamic Sachem’s Positioning Equity investments in similar but smaller hard money Faltering regional banks triggered a tightening phase in lenders like Sachem suffering from capital constraints due lending standards and reluctance to lend to market conditions. "A" pa

  11. Slide 11: Target Market and Opportunity

    Target Market and Opportunity  Demand for property has outstripped supply Developers, builders, and investors are  SBA can take 6+ months or longer to close on a large loan facing tightening restrictions in the  Competitors have tightened lending criteria traditional loan markets  Value add deve

  12. Slide 12: Strategic Approach to Drive Sustained Growth

    Strategic Approach to Drive Sustained Growth Disciplined, Highly-Scalable Strict Underwriting Process-Oriented Originations Platform Requirements  Virtual lead-generation platform  Maximum LTV (loan-to-value) of 70%  Review and prepare loan documents  Significant repeat business  Maximum LTC (l

  13. Slide 13: Loan Diversification and Expansion

    Loan Diversification and Expansion Select Case Studies Commercial / Industrial  $11.6 million loan to an experienced developer to acquire and renovate a 466,000 square-foot (47 acre) multi-tenant complex in Milford, CT, comprised of five three-story buildings, including the corporate headquarters f

  14. Slide 14: Vertical Integration of Urbane Capital, LLC

    Vertical Integration of Urbane Capital, LLC The acquisition of Urbane New Haven, LLC, a top construction and development company, has led enhanced asset management and recovery capabilities Select Case Studies #1: $22 million Loan: Enhanced Loan Workout & Modification Capabilities  Sachem negotiate

  15. Slide 15: Financial Summary

    Financial Summary For financial statements filed with the SEC – please visit this link: 15

  16. Slide 16: Portfolio Summary

    Portfolio Summary Total Mortgages Receivable, Net ($ in millions) Average Yield1 Percentage 12.81% $491.7 12.56% $460.6 $485.7 $292.3 11.57% 11.50% 2021 2022 2023 30-Jun-24 2021 2022 2023 30-Jun-24 Cumulative Loan Originations ($ in millions) Average Loan Size ($ in thousands) $1,140.8 $1,080.5 $939

  17. Slide 17: Strong Credit Profile

    Strong Credit Profile Over 90% of underlying borrowers have a FICO score above 600 and the majority of loans have an LTV below 50%, demonstrating the strength of the underlying loan and borrower 43.7% 37.8% 33.6% 29.6% 27.2% 20.8% 19.5% 18.3% 14.4% 11.9% 8.8% 6.8% 4.8% 5.4% 4.6% 1.3% 3.5% 3.3% 1.3%

  18. Slide 18: Executive Management

    Executive Management John L. Villano, CPA Nicholas M. Marcello Chairman, Chief Executive Officer, President & Treasurer Chief Financial Officer  Chairman and Chief Executive Officer since the company’s inception in 2010  Expertise in compliance, financial modeling, deal structuring and operations

Sachem Capital Corp. Common Shares — Q2 2024 Earnings Presentation on 6ix