Sachem Capital Extends $50 Million Credit Facility with Needham Bank to 2028

Reuters01-23
Sachem Capital Extends $50 Million Credit Facility with Needham Bank to 2028

Sachem Capital Corp. has announced an amendment to its existing $50 million revolving credit facility with Needham Bank. Under the terms of Amendment No. 2, the maturity date of the credit facility has been extended from March 2, 2026, to March 2, 2028, with an option for a further conditional one-year extension to March 2, 2029. All other terms of the original credit agreement remain unchanged. The facility is administered by Needham Bank, with SN Holdings, LLC, a wholly owned subsidiary of Sachem Capital, as the borrower.

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