Sachem Capital Corp. Declares Quarterly Dividend of $0.11 Per Share

Sachem Capital Corp. (NYSE American:SACH) announced today that on July
10, 2018 its board of directors authorized and declared a dividend of
$0.11 per share to be paid to shareholders of record on July 20, 2018.
The dividend will be payable on July 27, 2018.

About Sachem Capital, Corp.

Sachem Capital Corp. (the “Company”) specializes in originating,
underwriting, funding, servicing and managing a portfolio of mortgage
loans secured by first mortgage liens on real property (referred to in
the industry as “hard money” loans). Its customers include real estate
investors and developers who use the proceeds of the loans to fund their
acquisition, renovation, development, rehabilitation and/or improvement
of properties located primarily in Connecticut. The Company does not
lend to owner occupants. The properties securing the Company’s loans are
generally classified as residential or commercial real estate and,
typically, are held for resale or investment. The Company’s primary
underwriting criteria is a conservative loan to value ratio. The Company
believes that, since February 2017, it qualifies as a real estate
investment trust (REIT) for federal income tax purposes and intends to
make the election to be taxed as a REIT when it files its 2017 federal
income tax return.

Forward Looking Statements

This press release may contain forward-looking statements. All
statements other than statements of historical facts contained in this
press release, including statements regarding our future results of
operations and financial position, strategy and plans, and our
expectations for future operations, are forward-looking statements. The
words “anticipate,” “estimate,” “expect,” “project,” “plan,” “seek,”
“intend,” “believe,” “may,” “might,” “will,” “should,” “could,”
“likely,” “continue,” “design,” and the negative of such terms and other
words and terms of similar expressions are intended to identify forward-
looking statements.

We have based these forward-looking statements largely on our current
expectations and projections about future events and trends that we
believe may affect our financial condition, results of operations,
strategy, short-term and long-term business operations and objectives
and financial needs. These forward-looking statements are subject
to several risks, uncertainties and assumptions as described in our
Annual Report on Form 10-K for 2017 filed with the U.S. Securities and
Exchange Commission on April 2, 2018. Because of these risks,
uncertainties and assumptions, the forward-looking events and
circumstances discussed in this press release may not occur, and actual
results could differ materially and adversely from those anticipated or
implied in the forward-looking statements.

You should not rely upon forward-looking statements as predictions of
future events. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, level of activity, performance or achievements. In
addition, neither we nor any other person assumes responsibility for the
accuracy and completeness of any of these forward-looking statements.
We disclaim any duty to update any of these forward-looking

All forward-looking statements attributable to us are expressly
qualified in their entirety by these cautionary statements as well as
others made in this press release. You should evaluate all
forward-looking statements made by us in the context of these risks and

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