US IPOs Feb 10, 2017

SACH – Sachem Capital

Final IPO Price: $5

About: A real estate finance company specializing in originating, underwriting, funding, servicing and managing a portfolio of short-term, “hard money” real estate loans

Proceeds: Used primarily to expand its loan portfolio, for capital improvements to its new corporate headquarters and also for working capital and general corporate purposes.

Competition: The real estate finance market in Connecticut is highly competitive. Our competitors include traditional lending institutions such as regional and local banks, savings and loan institutions, credit unions and other financial institutions

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