10 Top Ranked High Yield REITsBy The Online Investor Staff, updated Fri., Oct. 22, 3:40 AM
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#10. Sachem Capital Corp (AMEX:SACH) — 7.8% YIELD
Sachem Capital is a real estate finance company that engages in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located in Connecticut. Each loan is guaranteed by the principal(s) of the borrower, which guaranty is typically collaterally secured by a pledge of the guarantor's interest in the borrower. Borrowers use the proceeds from Co.'s loans for the following purposes: to acquire and/or renovate existing residential (single-, two- or three-family) real estate properties; to acquire vacant real estate and construct residential real properties; and to purchase and hold income producing properties.
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Strong Buy (4.00 out of 4)