Sachem Capital

John L. Villano chairs the company and holds the roles of CEO and CFO, giving him direct control over capital allocation and loan underwriting standards. The firm's small executive structure concentrates decision-making in a single principal rather than a committee. This is uncommon for a publicly traded entity but typical of founder-led hard-money lenders.

Sachem voluntarily revoked its REIT election in January 2024 to gain more flexibility in retaining earnings for portfolio growth rather than distributing nearly all taxable income to shareholders. The move to a taxable C-corporation structure allows the firm to compound capital on its balance sheet without the distribution requirements imposed on REITs.

Sachem funds its loan origination through a mix of revolving credit facilities, unsecured notes sold to retail investors, and retained portfolio income. The firm has issued publicly registered bond offerings with relatively high yields, reflecting the risk profile of its underlying hard-money loan portfolio.

Sachem's lending is concentrated in Connecticut, where the firm is headquartered and has its deepest origination network. The company has expanded into Florida and other Northeast states, though the majority of its loan collateral remains in the tri-state area of Connecticut, New York, and New Jersey.

Sachem does not operate a co-investment model or syndicate deals to external limited partners. The firm originates loans using its own capital base, funded by debt issuance and retained earnings, and does not participate in fund structures alongside institutional asset managers or other lenders.