SCCE Profile
Sachem Capital Corp 6.00% Notes Due 2027 (SCCE) is a debt security issued by Sachem Capital Corp, a real estate finance company that specializes in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. The notes are senior unsecured obligations of Sachem Capital Corp and are listed on the NASDAQ stock exchange under the ticker symbol SCCE.
The notes have a maturity date of September 30, 2027, and pay interest at a fixed rate of 6.00% per year, payable semi-annually on March 31 and September 30 of each year. The notes are callable at any time, in whole or in part, at the option of the issuer, subject to certain conditions.
Investors in SCCE are exposed to credit risk, which is the risk that the issuer may default on its obligations. In the event of default, investors may not receive all of their principal and interest payments. As with any debt security, the value of the notes may also be affected by changes in interest rates, market conditions, and other factors.
Investors should carefully consider the risks associated with investing in SCCE and read the prospectus and other offering documents before making an investment decision. It is also recommended that investors consult with their financial advisor or other investment professional to determine whether the investment is appropriate for their individual circumstances.
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