Summary
Sachem is growing at an impressive rate.
Its small size means the market is missing this high-yielding stock.
It is out-earning its dividend payments and will be forced to raise them again soon.
Investment Thesis
Sachem Capital (NYSEMKT:SACH) is a young REIT offering a healthy and growing dividend that is strongly covered.
Company Overview
Sachem is a hard money lender. This means that its loans are secured by property and typically given to individuals who need assistance for investment in properties or do not qualify for typical mortgages.
SACH provides loans ranging in very small ($10,000) to a maximum size of $1.2 million. Currently it has a loan portfolio of $72.4 million with a total of 385 loans comprising it.
