Sachem Capital Corp. Welcomes Jeffery C. Walraven to Its Board
Sachem Capital Corp. (referred to as the “Company” or “Sachem Capital”) has announced the appointment of Jeffery C. Walraven to its Board of Directors. This important decision underscores the Company's dedication to strengthening its governance as they gear up for the upcoming Annual Meeting of Shareholders.
Leadership Comments on the New Appointment
John L. Villano, CEO and Chairman of the Board at Sachem Capital, shared his excitement about Walraven joining the Board. He remarked, “We are pleased to welcome Jeffery Walraven to our Board. Jeff’s extensive experience in the real estate sector, particularly in public company leadership, accounting, and capital markets, will be incredibly beneficial to Sachem Capital as we expand our business and strive to create value for our shareholders.”
Jeffery C. Walraven's Professional Experience
Jeffery C. Walraven boasts a robust background in the real estate industry. He is a co-founder and has held the position of Chief Operating Officer at Freehold Properties, Inc., a real estate investment trust (REIT) since its establishment in 2019. In addition, he serves as an independent director and audit committee member at Broad Street Realty, Inc. (OTCQX: BRST), which specializes in essential grocery-anchored shopping centers and mixed-use properties.
Before his current roles, Mr. Walraven was the Executive Vice President and Chief Financial Officer of MedEquities Realty Trust, Inc. (previously traded on NYSE under the ticker MRT). His tenure at BDO USA, LLP from 2007 to 2014 further enhances his strong expertise in finance and accounting.
Positive Contributions to Sachem Capital
Brian Prinz, an independent director and Chair of the Nominating and Corporate Governance Committee, highlighted Walraven's appointment as a pivotal move towards refreshing the Board. He emphasized that Walraven's knowledge of public company accounting and corporate finance aligns perfectly with the qualities the Board sought in a new independent member.
About Sachem Capital Corp.
Sachem Capital Corp. specializes in originating, underwriting, funding, servicing, and managing a diverse range of loans secured by first mortgages on real estate. The Company provides short-term, secured loans tailored for real estate investors, assisting them in acquiring, renovating, and improving properties. Their primary underwriting criterion is a conservative loan-to-value ratio, which helps ensure the sustainability and security of their lending practices.
The properties securing these loans typically encompass both residential and commercial real estate, which may be held for resale or investment. Beyond their lending activities, Sachem Capital also engages in strategic real estate purchases, showcasing a well-rounded approach to real estate investment.
Looking Ahead for the Company
With Jeffery C. Walraven's appointment, Sachem Capital is well-positioned for strategic growth. His extensive knowledge and leadership experience in public companies are anticipated to enhance the company's efforts in creating value for its shareholders. The Board's forward-thinking approach aims to strengthen governance, improve decision-making, and explore new opportunities in the competitive real estate market.
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 significant experience in the real estate sector.
2. What is Sachem Capital Corp.'s area of expertise?
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 extensive background in public company leadership, accounting, and capital markets is expected to play a crucial role in driving growth and enhancing shareholder value for the company.
4. What is the primary underwriting criterion for Sachem Capital?
The company employs a conservative loan-to-value ratio as its main underwriting criterion to ensure loan security and effective risk management.
5. How can investors get in touch with Sachem Capital for more information?
Investors can contact the company via email at investors@sachemcapitalcorp.com for further information and inquiries regarding their operations.
