Provides low-cost, non-dilutive financing to support the continued expansion of lending activity

BRANFORD, Connecticut, July 23, 2021 (GLOBE NEWSWIRE) – Sachem Capital Corp. ("Sachem") (NYSE American: SACH) today announced the completion of a $ 200 million master buyback financing facility ("Facility"). Churchill MRA Funding I LLC ("Churchill"), a subsidiary of Churchill Real Estate, a vertically integrated real estate finance company based in New York, New York. Under the terms of the Master's Pension Agreement between Sachem and Churchill, Sachem has the right, but not the obligation, to sell mortgage loans to Churchill, and Churchill has the right, but not the obligation, to buy those loans.

John L. Villano, Chairman and Chief Executive Officer of Sachem, commented, "We are pleased to announce this Master Repurchase Financing Facility with Churchill designed to reduce our total cost of capital and to further expand our lending business and fund corporate purposes in general. We believe the size and favorable terms of this facility reflect our growth as an organization and the strength of our loan portfolio. "

"This transaction shows Churchill's continued commitment to real estate market opportunities related to fix-and-flip financing. We look forward to continuing our relationship with Sachem Capital, a leader in this field, "said Derrick Land, Managing Partner of Churchill Real Estate.

Janney Montgomery Scott LLC acted as sole lead arranger for the transaction.

Additional details regarding the facility will be included in the company's current report on Form 8-K, including its associated attachments, which the company is expected to file on or before July 27, 2021 and which will be available at http://www.sec.gov.

About Sachem Capital Corp.

Sachem is a real estate finance company that operates as a mortgage REIT specializing in the issuing, financing, servicing and management of a portfolio of short-term loans secured by mortgages on real estate. Typically, the borrower is a real estate developer or investor to fund the purchase, renovation, refurbishment, development or improvement of residential or commercial properties that are held for investment or sale. Sachem has issued over 1,000 loans since its inception, with its loan portfolio growing from $ 34 million in 2016 to $ 157 million as of March 31, 2021. The company believes that most of its growth to date has been due to its adherence to conservative underwriting standards and the careful care and management of its mortgage loan portfolio. For more information, please visit: https://www.sachemcapitalcorp.com/.

About Churchill Real Estate

Churchill Real Estate is a real estate investment firm founded in 2014 to benefit from US real estate debt, equity, and distressed opportunities. The company's directors have over 100 years of combined real estate experience with a strong track record of investing and managing billions of dollars in US real estate. Churchill was founded to take advantage of bespoke opportunities throughout real estate market cycles, with an emphasis on hedging against price losses while optimizing risk-adjusted returns. Churchill's value proposition is based on the breadth and depth of its management team's experience, as well as the development of proprietary technology platforms.

Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to various trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Sachem cannot guarantee that your expectations will be met. Factors that could cause actual results to differ materially from Sachem's expectations include, but are not limited to, changes in economic conditions in general and real estate markets in particular, particularly due to the ongoing uncertainties created by the COVID-19 pandemic Ability to raise new credit opportunities, changes in interest rates and / or credit spreads, and other risks identified in Sachem's Annual Report on Form 10-K for the year ended December 31, 2020 and in its other filings with the SEC. Such forward-looking statements speak only as of the date of this press release. Sachem expressly disclaims any obligation or obligation to publicly release any updates or revisions to any forward-looking statements contained herein to reflect changes in Sachem's expectations relating thereto or changes in the events, conditions or circumstances on which any such statement is based.

Investor & media contact:
Crescendo Communications, LLC
Email: sach@crescendo-ir.com
Tel: (212) 671-1021

source https://seapointrealtors.com/2021/07/24/sachem-capital-announces-200-million-master-repurchase/

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