Hard money lender REIT Sachem Capital (SACH) has announced a new issuance of baby bonds.
The company generally makes shorter term loans (i.e. 12-36 months) for real estate, both commercial and residential. The average interest rate charged is around 12-13%.
The issue will have a maturity date in 2025 and an optional early redemption in 2022.
The company has 2 other baby bond issue currently outstanding and you can see them here.
Thanks to EarlyBird for catching this one.