Secured Notes Payable (Details) - USD ($) $ in Thousands |
6 Months Ended | ||
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Jun. 11, 2025 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Debt Instrument [Line Items] | |||
Proceeds from initial draw | $ 50,000 | $ 0 | |
Senior Secured Notes due June 11, 2030 | Senior Notes | Sachem Capital Corporation Holdings, LLC | |||
Debt Instrument [Line Items] | |||
Principal amount | $ 100,000 | ||
Proceeds from initial draw | 50,000 | ||
Proceeds from future draws | $ 50,000 | ||
Fixed annual rate | 9.875% | ||
Commitment fee percentage | 1.00% | ||
Original issue discount | $ 1,500 | ||
Deferred financing costs | $ 3,600 | ||
Term of debt (in years) | 5 years | ||
Deferred financing costs per year | $ 700 | ||
Prepayment term | 3 years | ||
Prepayment, percentage of outstanding principal | 101.00% |
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- Definition Debt Instrument, Commitment Fee Percentage No definition available.
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- Definition Debt Instrument, Option Prepayment, Term No definition available.
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- Definition Debt Instrument, Original Issue Discount No definition available.
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- Definition Debt Instrument, Prepayment, Percentage Of Outstanding Principal No definition available.
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- Definition Deferred Financing Costs Per Year No definition available.
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- Definition Proceeds from Issuance of Senior Long-Term Debt, Future Draws No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Amount, before accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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