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Sachem Capital Corp
Sachem Capital Corp provides short-term loans to real estate developers who need financing for their construction and renovation projects. These developers use the money to buy properties, build houses, or fix up buildings, and then they pay back the loan with interest. The company makes money by charging interest on these loans, similar to how a bank earns from mortgages.
This company operates in the real estate lending industry, which involves providing financing for property development projects. When real estate markets are active, demand for these loans typically increases, but the industry can be sensitive to interest rate changes and economic conditions.
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Price is extended significantly above 52-week highs.
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