Credit QualityCredit quality concerns are highlighted by 13.6% of the loan portfolio being past maturity and in foreclosure or in the process of being extended.
EarningsSachem Capital Corp. reported a fourth-quarter GAAP loss of $0.05 per share and adjusted earnings of a loss of $0.06 per share, with the adjusted earnings well below the $0.12 estimate.
Loan PortfolioAs of March 31, 72 loans with combined UPB of $140.7M, or 26.4% of the portfolio, were past maturity and were either in foreclosure or in the process of being extended.