New $100 Million Senior Secured Notes
Sachem Capital closed a new $100 million senior secured notes due June 2030, providing significant financial flexibility, allowing the repayment of existing obligations and acceleration of new loan originations.
Book Value Stability
As of June 30, 2025, the book value was $2.54 per share, representing a marginal decrease of 1.2% from March 31, 2025.
Successful Management of Operating Expenses
Total operating expenses for Q2 2025 were $9.7 million, a significant reduction from $18.3 million in the same quarter last year, primarily due to an 89.1% decrease in the provision for credit losses.
Strong Performance of Investment Projects
Investments in Shem Creek Capital generated approximately $3 million in revenue for the first half of 2025, with a low-risk double-digit yield.