Sachem Capital Corp. 7.75% Note is a debt security issued by Sachem Capital Corp., an American real estate investment trust (REIT) specializing in providing financing for residential and commercial properties. This specific security represents debt with a fixed interest rate of 7.75%, meaning that holders of this debt receive an annual interest payment of 7.75% of the nominal value of the note. Sachem Capital Corp. uses these financial instruments to fund its real estate projects and provide short-term loans, allowing it to grow and expand its portfolio.
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