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August 16 , 2021 SACHEM CAPITAL Sachem Capital Reports Revenue Growth of 56 % for Q2 2021 Conference Call and Webcast to be held at 8:00 AM EDT on Tuesday , August 17 , 2021 BRANFORD , Conn . , Aug. 16 , 2021 ( GLOBE NEWSWIRE ) -- Sachem Capital Corp. ( NYSE American : SACH ) announces its financial results for the second quarter ended June 30 , 2021. The company will host a conference call on Tuesday , August 17 , 2021 at 8:00 a.m. Eastern Daylight Time to discuss in greater detail its financial condition and operating results for the second quarter of 2021 . John Villano , CPA , the company's Chief Executive and Chief Financial Officer stated : “ We achieved solid financial performance in the second quarter of 2021 , as evidenced by a 56 % increase in revenue , due in large part to an increase in interest income on our loan portfolio versus the same period last year . We also achieved net income of $ 2.5 million and generated over $ 6.1 million of cash flow from operations . In addition , we have significantly enhanced our balance sheet . As of June 30 , 2021 , we had cash , cash equivalents and investment securities totaling approximately $ 106.7 million compared to $ 56.7 million as of December 31 , 2020. This increase in our liquidity largely reflects $ 40.6 million of net proceeds from our Series A Preferred Stock offering and $ 22.9 million from the sale of common shares . This past July , we also announced a $ 200 million master repurchase financing facility with Churchill MRA Funding I , which is expected to further reduce our overall cost of capital and help finance the continued expansion of our lending activities . Given our strong balance sheet , we are funding larger loans than we have in the past , which we believe are secured by high quality properties owned by established developers . At the same time , we continue to expand our geographic footprint . Looking ahead , we see a favorable competitive landscape and our loan pipeline remains robust . As a result , we believe we are well capitalized to take advantage of the market demand for our loan products for the balance of 2021 and beyond . " Results of operations - three months ended June 30 , 2021 Total revenue for the three months ended June 30 , 2021 was approximately $ 6.7 million compared to approximately $ 4.3 million for the three months ended June 30 , 2020 , an increase of approximately $ 2.4 million , or 56 % . The increase is primarily attributable to the growth in lending operations . For the second quarter of 2021 , interest income and origination fees were approximately $ 4.7 million and $ 832,000 , respectively . In comparison , for the three months ended June 30 , 2020 , interest income and origination fees were approximately $ 3.3 million and $ 647,000 , respectively . In the second quarter of 2021 the company had $ 85,000 of gains from the sale of investment securities compared to a loss of approximately $ 8,900 for the 2020 period . Investment income for the second quarter of 2021 increased to $ 180,000 compared to approximately $ 33,000 for the same period last year . Other income was approximately $ 543,000 for the second quarter of 2021 , compared to approximately