Sachem Capital Corp. 7.125% Not (OTCMKTS:SCCB – Get Free Report) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $24.98 and traded as low as $24.98. Sachem Capital Corp. 7.125% Not shares last traded at $24.98, with a volume of 400 shares changing hands.
Sachem Capital Corp. 7.125% Not Trading Down 0.0%
The stock has a fifty day moving average price of $24.98 and a two-hundred day moving average price of $24.98.
About Sachem Capital Corp. 7.125% Not
Sachem Capital Corp. is a specialty finance company organized as a real estate investment trust. The company originates, underwrites, funds and services short-term loans secured primarily by first mortgages on residential and commercial real estate.
Its borrowers generally include real estate investors, developers and other property owners seeking financing for acquisitions, renovations, construction projects or refinancing. Sachem’s lending strategy emphasizes collateral-based underwriting and loans secured by properties that may not be served by traditional banks.
Founded in 2010 and headquartered in Branford, Connecticut, Sachem has historically focused on real estate lending in the northeastern United States, along with selected additional markets.
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