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Sachem Capital Appoints Interim CFO Amid Leadership Change
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Sachem Capital Appoints Interim CFO Amid Leadership Change

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The latest announcement is out from Sachem Capital ( (SACH) ).

Sachem Capital Corp announced the resignation of Nicholas M. Marcello as Chief Financial Officer, who will remain available through the end of December 2024 to assist in the transition. The company appointed Jeffrey C. Walraven, a board member, as Interim CFO while searching for a permanent replacement, highlighting his extensive experience in financial and mortgage REITs. This transition underscores the company’s efforts to maintain stability and strong financial governance during the leadership change.

More about Sachem Capital

Sachem Capital Corp is a mortgage REIT that specializes in originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first mortgages on real property. The company offers short-term, secured, nonbanking loans to real estate investors for acquisition, renovation, development, rehabilitation, or improvement of properties, with a focus on a conservative loan-to-value ratio. The properties securing the loans are generally classified as residential or commercial real estate, typically held for resale or investment. Sachem Capital also engages in opportunistic real estate purchases apart from its lending activities.

YTD Price Performance: -61.71%

Average Trading Volume: 388,324

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $61.52M

For an in-depth examination of SACH stock, go to TipRanks’ Stock Analysis page.

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