Sachem Capital Welcomes Jeffery C. Walraven to Board
Sachem Capital Corp. Welcomes Jeffery C. Walraven to Board
Sachem Capital Corp. (the “Company” or “Sachem Capital”) has recently announced the appointment of Jeffery C. Walraven to its Board of Directors. This significant move reflects the Company's commitment to enhancing its governance as they prepare for their upcoming Annual Meeting of Shareholders.
Leadership Remarks on the Appointment
John L. Villano, CEO and Chairman of the Board of Sachem Capital, expressed enthusiasm regarding Walraven's addition to the Board. He stated, “We are pleased to welcome Jeffery Walraven to our Board. Jeff’s deep experience in the real estate industry, especially in public company leadership, accounting and capital markets, will be invaluable to Sachem Capital as we grow our business and pursue value creation for our shareholders.”
Jeffery C. Walraven's Professional Background
Jeffery C. Walraven has an extensive background in the real estate sector. He is a co-founder and has served as Chief Operating Officer of Freehold Properties, Inc., a real estate investment trust (REIT) since its inception in 2019. Additionally, he holds the position of independent director and audit committee member at Broad Street Realty, Inc. (OTCQX: BRST), which focuses on essential grocery-anchored shopping centers and mixed-use properties.
Prior to his current roles, Mr. Walraven was the Executive Vice President and Chief Financial Officer of MedEquities Realty Trust, Inc. (formerly traded on NYSE under the ticker MRT). His experience at BDO USA, LLP, spanning from 2007 to 2014, further solidifies his strong finance and accounting expertise.
Positive Impact on Sachem Capital
Brian Prinz, an independent director and Chair of the Nominating and Corporate Governance Committee, remarked on Walraven's appointment as a significant step towards refreshing the Board. He noted that Walraven's public company accounting knowledge and corporate finance expertise align perfectly with the qualities the Board was seeking in a new independent member.
About Sachem Capital Corp.
Sachem Capital Corp. specializes in originating, underwriting, funding, servicing, and managing a diverse portfolio of loans that are secured by first mortgages on real property. The Company provides short-term, secured loans aimed at real estate investors, helping them with the acquisition, renovation, and improvement of properties. Their primary underwriting criteria includes a conservative loan-to-value ratio, ensuring the sustainability and security of their lending practices.
The properties that secure these loans typically include residential or commercial real estate, which may be held for resale or investment purposes. In addition to their lending activities, Sachem Capital also engages in opportunistic real estate purchases, demonstrating a comprehensive approach to real estate investment.
Company's Future Perspective
With the appointment of Jeffery C. Walraven, Sachem Capital is poised for strategic growth. His extensive knowledge and leadership experience in public companies are expected to bolster the company's efforts in value creation for its shareholders. The Board's progressive approach aims to strengthen governance, enhance decision-making, and pursue new opportunities in the competitive real estate sector.
Frequently Asked Questions
1. Who is Jeffery C. Walraven?
Jeffery C. Walraven is the newly appointed member of the Board of Directors for Sachem Capital Corp., bringing substantial experience in the real estate industry.
2. What role does Sachem Capital Corp. specialize in?
Sachem Capital specializes in mortgage lending, focusing on short-term loans secured by first mortgages on real estate properties.
3. How does Jeffery Walraven's experience benefit Sachem Capital?
His depth of experience in public company leadership, accounting, and capital markets is expected to be invaluable in driving growth and shareholder value for the company.
4. What is Sachem Capital's primary underwriting criterion?
The company utilizes a conservative loan-to-value ratio as its main underwriting criterion to ensure loan security and risk management.
5. How can investors contact Sachem Capital for more information?
Investors can reach out via email at investors@sachemcapitalcorp.com for additional information and inquiries regarding the company.
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