Sachem Capital (SACH) S-11 23 Jun 17 Registration of securities for real estate companies Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	Mar. 31, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	Sachem Capital Corp.
Entity Central Index Key	1,682,220
Entity Filer Category	Smaller Reporting Company
Document Type	S11
Document Period End Date	Mar. 31, 2017
Amendment Flag	false

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash	$ 1,355,905	$ 1,561,863	$ 1,194,182	$ 1,834,082	$ 5,874,921
Escrow deposit	596,070
Mortgages receivable	40,072,875	32,521,588	$ 29,270,142	26,017,867
Mortgages receivable, affiliate		1,229,022		1,515,000
Interest and fees receivable	498,423	478,928		265,492
Other receivables	178,231	182,842		17,500
Due from borrowers	153,923	81,911		60,499
Prepaid insurance	32,260
Property and equipment, net	494,619	397,448
Real estate owned	1,177,291	1,222,454		1,001,054
Pre-offering costs		625,890		45,000
Deposits on property	32,000
Deferred financing costs	66,567	67,475		38,992
Total assets	44,658,164	38,369,421		30,795,486
Liabilities
Line of credit	4,150,100	8,113,943		6,000,000
Mortgage payable	308,343	310,000
Notes payable, other	169,338
Accrued expenses	314,870	196,086
Security deposit held	800	800
Advances from borrowers	671,430	291,875		107,714
Due to shareholders	25,568	656,296		230,409
Deferred revenue	402,766	290,456		190,017	118,718
Accrued interest	13,035	24,350		37,829
Total liabilities	6,056,250	9,883,806		6,565,969
Shareholders'/members' equity:
Preferred shares - $.001 par value; 5,000,000 shares authorized; no shares issued
Common stock - $.001 par value; 50,000,000 authorized; 11,103,237 issued and outstanding	11,103
Additional paid-in capital	37,980,133
Members' equity		28,485,615		24,229,517	$ 16,104,075
Retained earnings	610,678
Total shareholders'/members' equity	38,601,914	28,485,615		24,229,517
Total liabilities and shareholders'/members' equity	$ 44,658,164	$ 38,369,421		$ 30,795,486

BALANCE SHEETS (Parentheticals)

BALANCE SHEETS (Parentheticals) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	11,103,237	11,103,237
Common stock, shares outstanding	11,103,237	11,103,237

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)		3 Months Ended		12 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Revenue:
Interest income from loans		$ 1,036,840	$ 803,484	$ 3,648,427	$ 2,477,876
Origination fees, net		97,461	28,823	197,378	108,385
Late and other fees		29,982	33,255	105,911	144,813
Processing fees		24,925	12,735	65,935	55,650
Rental income, net		27,383		68,417
Other income		46,147		47,427
Gain on sale of real estate		26,478
Total revenue		1,289,216	878,297	4,133,495	2,786,724
Operating costs and expenses:
Interest and amortization of deferred financing costs		116,270	102,209	505,135	221,698
Compensation to manager		35,847	61,456	350,229	210,407
Professional fees		83,739	24,743	87,493	2,250
Other fees and taxes		105,839	4,862	34,662	5,093
Depreciation		5,156
General and administrative expenses		45,587	1,959
Loss on sale of real estate, net				87,967	5,476
Bank Fees				17,382	34,897
Total operating costs and expenses		392,438	195,229	1,082,868	479,821
Net income		$ 896,778	$ 683,068	$ 3,050,627	$ 2,306,903
Basic and diluted net income per common share outstanding:
Basic (in dollars per share)	[1]	$ 0.06
Diluted (in dollars per share)	[1]	$ 0.06
Weighted average number of common shares outstanding:
Basic (in shares)		11,103,237
Diluted (in shares)		11,103,237
[1]	Net income per share for the period beginning February 9, 2017 (i.e., the effective date of the company's initial public offering) and ending March 31, 2017.

STATEMENT OF CHANGES IN SHAREHO

STATEMENT OF CHANGES IN SHAREHOLDERS'/MEMBERS' EQUITY - USD ($)	Common Shares	Additional Paid in Capital	Retained Earnings	Total
Balance at Dec. 31, 2014				$ 16,104,075
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Member contributions				7,214,754
Member distributions				(1,396,215)
Net income				2,306,903
Balance at Dec. 31, 2015				24,229,517
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Member contributions				5,084,730
Member distributions				(3,879,259)
Net income				3,050,627
Balance at Dec. 31, 2016	$ 2,220	$ (2,220)		28,485,615
Balance (in shares) at Dec. 31, 2016	2,220,000
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Member contributions				653,646
Member distributions				(2,460,125)
Conversion of members' equity into common stock	$ 6,283	26,958,953		(26,965,236)
Conversion of members' equity into common stock (in shares)	6,283,237
Initial public offering	$ 2,600	11,023,400
Initial public offering (in shares)	2,600,000
Net income | Predecessor's Members' Equity				286,100
Net income			610,678	896,778
Balance at Mar. 31, 2017	$ 11,103	$ 37,980,133	$ 610,678
Balance (in shares) at Mar. 31, 2017	11,103,237

STATEMENTS OF CASH FLOW

STATEMENTS OF CASH FLOW - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 896,778	$ 683,068	$ 3,050,627	$ 2,306,903
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred financing costs	14,559	12,996	47,676	26,916
Loss on sale of real estate, net			87,967	5,476
Impairment loss
Depreciation expense	5,156
Gain on sale of real estate	(26,478)
(Increase) decrease in:
Escrow deposit	(596,070)
Interest and fees receivable	(19,495)	(50,601)	(213,438)	(207,098)
Other receivables	4,611	1,751	(72,374)	(17,500)
Prepaid Insurance	(32,260)
(Decrease) increase in:
Due to member	(630,728)	58,132	421,592	135,929
Accrued interest	(11,315)	(8,326)	(13,479)	24,548
Accrued expenses	314,870		196,086
Deferred revenue	112,310	10,250	25,484	71,299
Advances from borrowers	307,543	(11,954)	167,044	29,724
Total adjustments	(557,297)	12,248	646,558	69,294
NET CASH PROVIDED BY OPERATING ACTIVITIES	339,481	695,316	3,697,185	2,376,197
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of real estate owned	90,123		1,059,629	421,822
Acquisitions of and improvements to real estate owned	(18,482)	(85,746)	(886,009)
Purchase of furniture and equipment	(102,327)
Purchase of land and building			397,448
Security deposit	(32,000)		800
Principal disbursements for mortgages receivable	(10,091,528)	(5,113,384)	(21,580,103)	(19,412,438)
Principal collections on mortgages receivable	3,938,601	3,376,109	14,861,360	5,812,116
NET CASH USED FOR INVESTING ACTIVITIES	(6,215,613)	(1,823,021)	(6,941,771)	(13,178,500)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit	7,595,766	600,000	7,475,000	6,000,000
Repayment of line of credit	(11,559,609)	(1,600,000)	(5,361,057)	(5,000,000)
Principal payments on mortgage payable	(1,657)
Proceeds from IPO	13,000,000
Proceeds from mortgage			310,000
Pre-offering costs incurred	(1,544,197)	(73,500)	(580,890)	(45,000)
Financing costs incurred	(13,650)	(65,050)	(76,159)	(12,075)
Member contributions	653,646	1,862,800	5,084,732	7,214,754
Member distributions	(2,460,125)	(236,445)	(3,879,259)	(1,396,215)
NET CASH PROVIDED BY FINANCING ACTIVITIES	5,670,174	487,805	2,972,367	6,761,464
NET DECREASE IN CASH	(205,958)	(639,900)	(272,219)	(4,040,839)
CASH - BEGINNING OF PERIOD	1,561,863	1,834,082	1,834,082	5,874,921
CASH - END OF PERIOD	1,355,905	1,194,182	1,561,863	1,834,082
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION
Interest paid	$ 101,711	$ 97,540	$ 470,821	$ 170,234

STATEMENTS OF CASH FLOW (Parent

STATEMENTS OF CASH FLOW (Parentheticals) - USD ($)	Feb. 08, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Statement of Cash Flows [Abstract]
Mortgages receivable converted to real estate owned				$ 644,450	$ 916,474
Accrued interest receivable and late fees receivable converted to real estate owned				39,000	84,580
Proceeds From The Sale Of Real Estate Paid Directly To The Managing Member					94,943
Liabilities Assumed			$ 101,904	64,794	$ 60,499
Transfer of real estate owned to a relative of the former borrower				107,498
Notes Assumed		$ 169,338
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued	6,283,237
Mortgage Purchased From Third Party At Discount				$ 74,954

The Company

The Company	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	1. The Company Sachem Capital Partners, LLC (“SCP”) is a Connecticut limited liability company located in Branford, Connecticut, which commenced operations on December 8, 2010, originally with the intent to exist in perpetuity. On February 8, 2017, SCP completed an exchange transaction (the “Exchange”) pursuant to which it transferred all its assets to Sachem Capital Corp. (the “Company”), a New York corporation, in exchange for 6,283,237 0.001 2,600,000 5.00 13 11.1 The Company specializes in originating, underwriting, funding, servicing and managing a portfolio of first mortgage loans. The Company offers short term (i.e. three years or less) secured, non-banking loans (sometimes referred to as “hard money” loans) to real estate investors to fund their acquisition, renovation, development, rehabilitation or improvement of properties located primarily in Connecticut. The properties securing the Company’s loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by a first mortgage lien on real estate and may also be secured with additional real estate collateral. Each loan is also personally guaranteed by the principal(s) of the borrower, which guaranty may be collaterally secured by a pledge of the guarantor’s interest in the borrower. The Company does not lend to owner occupants. The Company’s primary underwriting criteria is a conservative loan to value ratio. In addition, the Company may make opportunistic real estate purchases apart from its lending activities. Prior to the Exchange, SCP was managed by JJV, LLC (the “Manager”), a Connecticut limited liability company and related party. The accompanying statements of operations, changes in shareholders’/members’ equity and cash flows for the three months ended March 31, 2016 and the three months ended March 31, 2017, until the consummation of the Exchange, are those of SCP.	1. The Company Sachem Capital Partners, LLC (the “Company”) is a Connecticut limited liability company located in Branford, Connecticut, which commenced operations on December 8, 2010, originally with the intent to exist in perpetuity. On February 8, 2017, the Company completed an exchange transaction (the “Exchange”) pursuant to which it transferred all its assets to Sachem Capital Corp., a New York corporation, in exchange for 6,283,237 common shares, par value $0.001 per share, of Sachem Capital Corp. In addition, Sachem Capital Corp. assumed all the Company’s liabilities. (See Note 11 below for additional details.) The Company specializes in originating, underwriting, funding, servicing and managing a portfolio of first mortgage loans. The Company offers short term (i.e. three years or less) secured, non-banking loans (sometimes referred to as “hard money” loans) to real estate investors to fund their acquisition, renovation, development, rehabilitation or improvement of properties located primarily in Connecticut. The properties securing the Company’s loans are generally classified as residential or commercial real estate and, typically, are held for resale or investment. Each loan is secured by a first mortgage lien on real estate and may also be secured with additional real estate collateral. Each loan is also personally guaranteed by the principal(s) of the borrower, which guaranty may be collaterally secured by a pledge of the guarantor’s interest in the borrower. The Company does not lend to owner occupants. The Company’s primary underwriting criteria is a conservative loan to value ratio. In addition, the Company may make opportunistic real estate purchases apart from its lending activities. Prior to the Exchange, the Company was managed by JJV, LLC (the “Manager”), a Connecticut limited liability company and related party.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Unaudited Financial Statements The accompanying unaudited financial statements of the Company for the three months ended March 31, 2017, have been prepared in accordance with U.S. generally accepted accounting principles (‘‘GAAP’’) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Results of operations for the interim periods are not necessarily indicative of the operating results to be attained in the entire fiscal year. The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management will base the use of estimates on (a) various assumptions that consider its past experience, (b) the Company’s projections regarding future operations, and (c) general financial market and local and general economic conditions. Actual amounts could differ from those estimates. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and mortgage loans. The Company maintains its cash with one major financial institution. Accounts at the financial institution are insured by the Federal Deposit Insurance Corporation up to $ 250,000 Credit risks associated with the Company’s mortgage loan portfolio and related interest receivable are described in Note 3 entitled “Mortgages Receivable.” Subsequent to the Exchange and the IPO, the Company believes 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. As a REIT, the Company is required to distribute at least 90% of its taxable income to its shareholders on an annual basis. The Company’s qualification as a REIT depends on its ability to meet on a continuing basis, through actual investment and operating results, various complex requirements under the Internal Revenue Code of 1986, as amended, relating to, among other things, the sources of its income, the composition and values of its assets, its compliance with the distributions requirements applicable to REITs and the diversity of ownership of its outstanding common shares. So long as it qualifies as a REIT, the Company, generally, will not be subject to U.S. federal income tax on its taxable income distributed to its shareholders. However, if it fails to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, it will be subject to U.S. federal income tax at regular corporate rates and may also be subject to various penalties and may be precluded from re-electing REIT status for the four taxable years following the year during in which it lost its REIT qualification. The Company has adopted the provisions of FASB ASC Topic 740-10 “Accounting for Uncertainty in Income Taxes”. The standard prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and disclosure required. Under this standard, an entity may only recognize or continue to recognize tax positions that meet a “more likely than not” threshold. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. The Company has determined that there are no uncertain tax positions requiring accrual or disclosure in the accompanying financial statements as of March 31, 2017. Land and building acquired in December 2016, to house the Company’s office facilities is stated at cost. The building will be depreciated using the straight-line method over its estimated useful life of 40 The Company recognizes revenues in accordance with ASC 605, which provides guidance on the recognition, presentation and disclosure of revenue in financial statements. ASC 605 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. In general, the Company recognizes revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery of the product has occurred or services have been rendered, (iii) the sales price charged is fixed or determinable, and (iv) collectability is reasonably assured. Interest income from the Company’s loan portfolio is earned, over the loan period and is calculated using the simple interest method on principal amounts outstanding. Generally, the Company’s loans provide for interest to be paid monthly in arrears. Origination fee revenue is recognized ratably over the contractual life of the loan in accordance with ASC 310. Costs incurred in connection with the Company’s line of credit, as discussed in Note 6, are amortized over the term of the line of credit, using the straight-line method. For the line of credit, mortgage payable and interest bearing mortgages receivable held by the Company, the carrying amount approximates fair value due to the relative short term nature of such instruments. Basic and diluted earnings per share are calculated in accordance with ASC 260 “Earnings Per Share”. Under ASC 260, basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. The computation of diluted earnings per share is similar to basic earnings per share, except that the denominator is increased to include the potential dilution from the exercise of stock options and warrants for common shares using the treasury stock method. The numerator in calculating both basic and diluted earnings per common share for each period is the reported net income. Since SCP operated as a limited liability company prior to the IPO, earnings per share for the three months ended March 31, 2017, does not include the net income per share for the period prior to the IPO, and there are no earnings per share for the three months ended March 31, 2016. Management has evaluated subsequent events through May 22, 2017, the date on which the financial statements were available to be issued. Based on the evaluation, no adjustments were required in the accompanying financial statements. In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, “Financial Instruments — Credit Losses (Topic 326) Measurement of Credit Losses of Financial Instruments” In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments — a consensus of the Emerging Issues Task Force.” In November 2016, the FASB Issued ASU 2016-18, “Statement of Cash Flows (topic 230): Restricted Cash- a consensus of the FASB Emerging Issues Task Force.” Management does not believe that any other recently issued, but not yet effected, accounting standards if currently adopted would have a material effect on the Company’s financial statements.	2. Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management will base the use of estimates on (a) various assumptions that consider its past experience, (b) the Company’s projections regarding future operations, and (c) general financial market and local and general economic conditions. Actual amounts could differ from those estimates. Land and Building Land and building acquired in December, 2016, to house the Company’s office facilities is stated at cost. The building will be depreciated using the straight-line method over its estimated useful life of 40 years. Expenditures for repairs and maintenance are charged to expense as incurred. Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and mortgage loans. The Company maintains its cash with one major financial institution. Accounts at the financial institution are insured by the Federal Deposit Insurance Corporation up to $250,000. Credit risks associated with the Company’s mortgage loan portfolio and related interest receivable are described in Note 3 entitled “Mortgages Receivable.” Impairment of long-lived assets The Company continually monitors events or changes in circumstances that could indicate carrying amounts of long lived assets may not be recoverable. When such events or changes in circumstances occur, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the undiscounted cash flows is less than the carrying amount of these assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair market value of the assets. Income Taxes The Company is not a taxpaying entity for federal and state income tax purposes, and thus no income tax expense has been recorded in the financial statements. The income or loss of the Company is taxed to the members on their respective income tax returns. The Company has adopted the provisions of FASB ASC Topic 740-10 “Accounting for Uncertainty in Income Taxes”. The standard prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and disclosure required. Under this standard, an entity may only recognize or continue to recognize tax positions that meet a “more likely than not” threshold. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. The Company has determined that there are no uncertain tax positions requiring accrual or disclosure in the accompanying financial statements as of December 31, 2016 and December 31, 2015. The Company’s Federal and State Partnership tax returns for years prior to 2014 are no longer subject to examination by the taxing authorities. Revenue Recognition The Company recognizes revenues in accordance with ASC 605, which provides guidance on the recognition, presentation and disclosure of revenue in financial statements. ASC 605 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. In general, the Company recognizes revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery of the product has occurred or services have been rendered, (iii) the sales price charged is fixed or determinable, and (iv) collectability is reasonably assured. Interest income from the Company’s loan portfolio is earned, over the loan period and is calculated using the simple interest method on principal amounts outstanding. Generally, the Company’s loans provide for interest to be paid monthly in arrears. Origination fee revenue is recognized ratably over the contractual life of the loan in accordance with ASC 310. Deferred Financing Costs Costs incurred in connection with the Company’s line of credit, as discussed in Note 6, are amortized over the term of the line of credit, using the straight-line method. Fair Value of Financial Instruments For the line of credit, mortgage payable and interest bearing mortgages receivable held by the Company, the carrying amount approximates fair value due to the relative short term nature of such instruments. Subsequent Events Management has evaluated subsequent events through April 6, 2017, the date on which the financial statements were available to be issued. Based on the evaluation, no adjustments were required in the accompanying financial statements. Recent Accounting Pronouncements In January 2016, the FASB issued ASU 2016-01, “Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” In June 2016, the FASB issued ASU 2016-13, “Financial Instruments — Credit Losses (Topic 326) Measurement of Credit Losses of Financial Instruments” In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments — a consensus of the Emerging Issues Task Force.” In November 2016, the FASB Issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash- a consensus of the FASB Emerging Issues Task Force.” Management does not believe that any other recently issued, but not yet effected, accounting standards if currently adopted would have a material effect on the Company’s financial statements.

Mortgages Receivable

Mortgages Receivable	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]
Mortgages Receivable	3. Mortgages Receivable Mortgages Receivable The Company offers secured non-banking loans to real estate investors (also known as hard money loans) to fund their acquisition and construction of properties located mainly in Connecticut. The loans are principally secured by first mortgages on real estate and, generally, are also personally guaranteed by the borrower or its principals. The loans are generally for a term of one to three years. The loans are initially recorded and carried thereafter, in the financial statements, at cost. Most of the loans provide for monthly payments of interest only (in arrears) during the term of the loan and a “balloon” payment of the principal on the maturity date. For the quarters ended March 31, 2017 and 2016, the aggregate amounts of loans funded by the Company were $ 10,091,528 5,113,384 3,938,601 3,376,109 For the quarter ended March 31, 2017, the Company closed loans ranging in size from $ 21,000 1,100,000 9 12 18 At March 31, 2017, no single borrower had loans outstanding representing more than 10% of the total balance of the loans outstanding. The Company generally grants loans for a term of one to three years. In some cases, the Company has agreed to extend the term of the loans. A loan that is extended is treated as a new loan. However, prior to granting an extension, the loan underwriting process is repeated. In November 2016, the Company purchased a mortgage note at a discount of $ 74,954 75 55,390 Credit Risk Performing Loans Residential Commercial Land Mixed Use Total March 31, 2017 $ 25,853,550 $ 10,742,594 $ 3,220,067 $ 256,664 $ 40,072,875 March 31, 2016 $ 20,605,890 $ 5,668,880 $ 2,539,372 $ 456,000 $ 29,270,142 2017 $ 12,573,810 2018 16,282,106 2019 8,454,993 2020 2,761,966 Total $ 40,072,875	3. Mortgages Receivable Mortgages Receivable The Company offers secured non-banking loans to real estate investors (also known as hard money loans) to fund their acquisition and construction of properties located mainly in Connecticut. The loans are principally secured by first mortgages on real estate and, generally, are also personally guaranteed by the borrower or its principals. The loans are generally for a term of one to three years. The loans are initially recorded and carried thereafter, in the financial statements, at cost. Most of the loans provide for monthly payments of interest only (in arrears) during the term of the loan and a “balloon” payment of the principal on the maturity date. For the years ended December 31, 2016 and 2015, the aggregate amounts of loans funded by the Company were $21,580,103 and $19,412,438 respectively, offset by principal repayments of $14,861,360 and $5,812,116 respectively. For the year ended December 31, 2016, the Company closed loans ranging in size from $35,000 to $1,100,000 with stated interest rates ranging from 9% to 12% and a default interest rate for non-payment of 18%. At December 31, 2016 and 2015, no single borrower had loans outstanding representing more than 10% of the total balance of the loans outstanding. The Company uses its Manager, outside counsel and other independent professionals to verify titles and ownership, to file liens and to consummate transactions. Independent appraisers are also used to value the real estate underlying the mortgages. Nevertheless, no assurances can be given that existing or future loans may not go into default or prove to be non-collectible in the future. The Company generally grants loans for a term of one to three years. In some cases, the Company has agreed to extend the term of the loans. A loan that is extended is treated as a new loan. However, prior to granting an extension, the loan underwriting process is repeated. In November 2016, the Company purchased a mortgage note at a discount of $74,954 and then subsequently refinanced the note obtaining additional collateral and payment terms consistent with similar notes held by the Company. The discount is being amortized over the three-year life of the refinanced loan. The note discount is reflected as deferred revenue in the accompanying balance sheet as of December 31, 2016. Credit Risk Credit risk profile based on loan activity as of December 31, 2016 and 2015: Performing Loans Residential Commercial Land Mixed Use Total Outstanding Mortgages December 31, 2016 $ 21,343,927 $ 9,049,942 $ 3,149,602 $ 207,139 $ 33,750,610 December 31, 2015 $ 18,820,509 $ 5,712,566 $ 2,619,792 $ 380,000 $ 27,532,867 As of December 31, 2016, the following is the maturities of mortgages receivable for the years ending December 31: 2017 $ 13,328,863 2018 10,704,193 2019 8,096,976 2020 1,620,578 Total $ 33,750,610

Real Estate Owned

Real Estate Owned	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Banking and Thrift [Abstract]
Real Estate Owned	4. Real Estate Owned Property purchased for rental or acquired through foreclosure are included on the balance sheet as real estate owned. As of March 31,2017, real estate owned totaled $ 1,177,291 971,579 205,712	4. Real Estate Owned Property purchased for rental or acquired through foreclosure are included on the balance sheet as real estate owned. As of December 31, 2016, and 2015, real estate owned totaled $1,222,454 and $1,001,054, respectively, with no valuation allowance. As of December 31, 2016, real estate owned included $789,126 of real estate held for rental and $433,328 of real estate held for sale. As of December 31, 2015, all the real estate owned was held for sale. Properties Held for Sale As of December 31, 2016, three properties were held for sale. In August, 2016, the Company obtained quitclaim deeds from two borrowers in connection with five separate mortgages receivable in order to transfer title of the underlying properties to the Company. The aggregate amount of the five mortgages receivable including interest and late charges receivable was approximately $532,000. In October, 2016, the Company sold three of the five properties which resulted in a loss of $98,622. The Company has recorded this loss as a loss on sale of real estate for the year ended December 31, 2016. The two remaining properties have a value in excess of their carrying value. The Company has obtained real property assessments and broker opinions of value for these properties. Based on these values, the Company has not recorded an impairment loss for these properties. After December 31, 2016, one of these properties had been sold resulting in a gain of $29,488. The other property is reflected as real estate held for rental on the Company’s balance sheet. In October, 2016, a property held for sale was sold for a gain of approximately $11,000. As December 31, 2016, a property held for sale, having a carried value of $180,000, was acquired from JJV. Properties Held for Rental As of December 31, 2016, four properties were held for rental as follows: 1. A single-family residence with a cost basis of approximately $395,000, which contains an option for the lessee to purchase the property for $400,000 through March 2019. The lease provides for rental payments of $4,250 for the period June 1, 2016 through May 31, 2019. 2. A single-family residence with the cost basis of approximately $117,500, with a lease that provides for rental payments of $1,375 per month from June 1, 2016 through May 31, 2017. The lessee paid $7,000 in consideration for an option to purchase the property for $114,750 prior to March 31, 2017. This option expired unexercised. The property was acquired from JJV in June 2016. 3. A multi-family residence with the cost basis of approximately $143,000, with a lease that provides for rental payments in the amount of $1,660 per month from December 15, 2016 through December 31, 2019. The lessee has the option to purchase the property at cost plus closing expenses. 4. A single-family residence with the cost basis of approximately $133,000 with a lease that provides for rental payments in the amount of $1,330 per month from October 27, 2016 through October 31, 2019. The lessee has the option to purchase the property at cost plus closing expenses. Rental payments due from real estate held for rental are as follows: Year ending December 31, 2017 $ 96,480 2018 96,480 2019 55,270 Total $ 248,230

Other Receivables

Other Receivables	12 Months Ended
	Dec. 31, 2016
Other Receivables [Abstract]
Other Receivables	5. Other Receivables In June and July 2016, the Company sold two properties that it acquired through foreclosure. Both original mortgages were from the same borrower and were collateralized by property owned by a relative of the borrower. The proceeds from the sale of both properties in the aggregate were less than the carrying value of the properties, previously reflected in real estate owned. As of December 31, 2016, the amount due from the borrower was $182,842. Since the value of the collateral is in excess of the $182,842, the Company has reflected this amount as “other receivable” in the accompanying balance sheet as of December 31, 2016. The outstanding balance on the notes continues to accrue interest at the rate of 12% per annum. In addition, the borrower’s obligations are also guaranteed by a third party. The Company sent a demand letter to the guarantor for satisfaction of the obligation but has not yet commenced any legal action against the guarantor. As of December 31, 2015, other receivables represented a refund which was subsequently received for costs associated with a financing arrangement.

Escrow Deposits

Escrow Deposits	3 Months Ended
	Mar. 31, 2017
Escrow Deposits [Abstract]
Escrow Deposits	5. Escrow Deposits As of March 31, 2017, escrow deposits consist of funds due to the Company from closed construction mortgages. Closing counsel returns these funds to the Company post-closing, then these funds are held by the Company and available to the borrower when specific progress goals during the construction process are met

Line of Credit and Mortgage Pay

Line of Credit and Mortgage Payable	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Line of Credit and Mortgage Payable	6. Line of Credit and Mortgage Payable Line of Credit On December 18, 2014, SCP entered into a two-year revolving Line of Credit Agreement with Bankwell Bank (the “Bank”) pursuant to which the Bank agreed to advance up to $ 5 7,000,000 15,000,000 The interest rate on the Bankwell Credit Line is variable at 3% in excess of the Wall Street Journal prime rate, but in no event less than 6.25%, per annum, on the money in use 7.0 March 18, 2018 1,000,000 As of March 31, 2017, the outstanding amount under the Bankwell Credit Line was $ 4,150,100 Mortgage Payable The Company also has a mortgage payable to Bankwell Bank, collateralized by its land and building. The original principal amount of the mortgage loan is $ 310,000 4.52 1,975 Year ending December 31, 2017 $ 7,571 2018 9,228 2019 9,228 2020 9,228 2021 9,228 Thereafter 263,860 $ 308,343	6. Line of Credit and Mortgage Payable Line of Credit On December 18, 2014, the Company entered into a two-year revolving Line of Credit Agreement with Bankwell Bank (the “Bank”) pursuant to which the Bank agreed to advance up to $5 million (the “Bankwell Credit Line”) against assignments of mortgages and other collateral requiring monthly payments of interest only. On December 30, 2015, the Bankwell Credit Line was amended to increase available borrowings to $7,000,000. On March 15, 2016, the Credit Line was amended again to increase available borrowings to $15,000,000. The interest rate on the Bankwell Credit Line is variable at 3% in excess of the Wall Street Journal prime rate (3.75% at December 31, 2016), but in no event less than 6.25%, per annum, on the money in use. As of December 31, 2016, the interest rate on the Bankwell Credit line was 6.75%. The Bankwell Credit Line expires on March 15, 2018, at which time the entire unpaid principal balance and any accrued and unpaid interest shall become due. The Company has the option to extend the term of the loan for the sole purpose of repaying the principal balance over a thirty-six month period in equal monthly installments. The Bankwell Credit Line is secured by substantially all Company assets and is subject to borrowing base limitations and financial covenants including, maintaining a minimum fixed charge coverage ratio and maintaining minimum tangible net worth. In addition, among other things, provisions of the agreement prohibit Company merger, consolidation or disposal of assets or declaring and paying dividends in certain circumstances. Each of the Manager and its principals have, jointly and severally, guaranteed the Company’s obligations under the Bankwell Credit Line up to a maximum of $1,000,000 each. The Manager and its principals are also required to maintain certain capital balances, and the Company is prohibited from ownership changes that would reduce their interests. In connection with the Exchange, Sachem Capital Corp assumed all of the Company’s obligations to Bankwell and entered into a new agreement with Bankwell, the material terms of which are substantial identical to the terms of the agreement between the Company and Bankwell. (See Note 11 for additional details regarding the Exchange.) Financing costs incurred for the Bankwell Credit Line were approximately $65,000 for the year ended December 31, 2016 and $12,000 for the year ended December 31, 2015. These costs are being amortized over the life of the Bankwell Credit Line, using the straight-line method. The amortization costs for the years ended December 31, 2016 and 2015 were $47,676 and $26,916, respectively. At December 31, 2016 and 2015, the outstanding amount under the Bankwell Credit Line was $8,113,943 and $6,000,000, respectively. Mortgage Payable The Company also has a mortgage payable to Bankwell Bank, collateralized by its land and building. The original principal amount of the mortgage loan is $310,000 and bears interest at the rate of 4.52%. Interest and principal is payable in monthly installments of $1,975 commencing in February 2017. The entire outstanding principal balance of the mortgage loan and all accrued and unpaid interest thereon is due and payable in January 2022. Principal payments on the mortgage payable are due as follows: Year ending December 31, 2017 $ 9,228 2018 9,228 2019 9,228 2020 9,228 2021 9,228 Thereafter 263,860 $ 310,000

Members' Equity

Members' Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Members' Equity	7. Members’ Equity Each Member has the right, upon at least ninety days’ prior written notice, to withdraw all or part of its capital twenty-four months after the date of their initial investment. Distributions of the Company’s net profits are made monthly unless the Member chooses to re-invest their distributions. Pursuant to the Company’s Operating Agreement, if the Company does not receive a written request for a return of equity within the first twenty-four (24) months, the withdrawing member automatically renews for another twenty-four (24) month period, and so forth on a rolling twenty-four (24) month basis. The Company uses is best efforts to honor requests for return of equity, however, the Company has the ability, at its discretion, to refuse redemption requests if they are deemed to be detrimental to the Company. Additionally, the Company, at its discretion, may charge a 2.5% redemption fee to the withdrawing partner.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	7. Commitments and Contingencies Loan Brokerage Commissions/Origination Fees Paid to JJV Loan origination fees consist of points, generally 2%-5% of the original loan principal. Pursuant to the Company’s operating agreement and prior to the Exchange, JJV is entitled to 75% of loan origination fees. For the three months March 31, 2017 and 2016, loan origination fees paid to JJV were $79,341 and $117,221, respectively. These payments are amortized over the life of the loan for financial statement purposes and recognized as a reduction of origination fee income. After the Exchange, JJV is no longer entitled to origination fee payments. Original maturities of deferred revenue are as follows as of: December 31, 2017 $ 276,061 2018 85,761 2019 40,944 Total $ 402,766 In instances in which mortgages are repaid before their maturity date, the balance of any unamortized deferred revenue is recognized in full. Loan Servicing Fees JJV administered the servicing of the Company’s loan portfolio. At JJV’s discretion, the loan servicing fee ranged from one-twelfth (1/12 th) of one-half percent (0.5%) to one percent (1.0%) of the Company’s loan portfolio, payable monthly and calculated based on total loans as of the first of each month. The percentage charged by the Manager was 1.0% for the March 31, 2017 period up to the date of the Exchange and 1.0% for the March 2016 period. After the Exchange, JJV is no longer entitled to loan servicing fees. For the three months ended March 31, 2017 and 2016, loan servicing fees paid to JJV were $32,778 and $55,456 respectively. Unfunded Commitments At March 31, 2017, the Company is committed to an additional $3,109,446 in construction loans that can be drawn by the borrower when certain conditions are met. Other In the normal course of its business, the Company is named as a party-defendant because it is a mortgagee having interests in real properties that are being foreclosed upon, primarily resulting from unpaid property taxes. The Company actively monitors these actions and in all cases, there remains sufficient value in the subject property to assure that no loan impairment exists.	8. Commitments and Contingencies Compensation to Manager The Company’s operating agreement provides for the Manager to receive fees for various services performed for or on behalf of the Company. Pursuant to the Company’s operating agreement, the Manager may choose to defer all or a portion of these fees. Loan Brokerage Commissions/Origination Fees Paid to Manager Loan origination fees consist of points, generally 2%-5% of the original loan principal. Pursuant to the Company’s operating agreement, the Manager is entitled to 75% of loan origination fees. For the years ended December 31, 2016 and 2015, loan origination fees paid to the Manager were $636,260 and $541,600, respectively. These payments are amortized over the life of the loan for financial statement purposes and recognized as a reduction of origination fee income. Activity related to origination fees for the year ended December 31, 2016 is as follows: Deferred Revenue, Beginning Gross Origination Fee Income Amortization of Deferred Revenue Deferred Revenue Ending Manager’s Share $ 636,260 Company’s Share $ 190,017 187,748 $ 162,264 $ 215,501 Total $ 190,017 $ 824,008 $ 162,264 $ 215,501 Activity related to origination fees for the year ended December 31, 2015 is as follows: Deferred Revenue, Beginning Gross Origination Fee Income Amortization of Deferred Revenue Deferred Revenue Ending Manager’s Share $ 541,600 Company’s Share $ 118,718 179,684 $ 108,385 $ 190,017 Total $ 118,718 $ 721,284 $ 108,385 $ 190,017 Original maturities of deferred revenue are as follows as of: December 31, 2017 $ 124,800 2018 62,491 2019 28,210 Total $ 215,501 In instances in which mortgages are repaid before their maturity date, the balance of any unamortized deferred revenue is recognized in full. Management Fees Pursuant to the Company’s operating agreement, the Manager is entitled to an annual management fee equal to one percent (1%) of the Company’s total assets. The management fee is payable monthly with each payment calculated as one-twelfth of one percent of the total assets of the Company as of the first of each month. For the years ended December 31, 2016 and 2015, the Manager agreed to forego the management fees. These fees will not be collected at a future date, and no expenses were incurred during those periods. Loan Servicing Fees The Manager administers the servicing of the Company’s loan portfolio. At the Manager’s discretion, the loan servicing fee ranges from one-twelfth (1/12 th) of one-half percent (0.5%) to one percent (1.0%) of the Company’s loan portfolio, payable monthly and calculated based on total loans as of the first of each month. The percentage charged by the Manager was 0.75% through August 2015 then 1.0% for the balance of 2015 and 1.0% for the year ended December 31, 2016. For the years ended December 31, 2016 and 2015, loan servicing fees paid to the Manager were $295,035, and $164,853, respectively. Other Manager Compensation The Manager is also entitled to fees for other services performed such as inspection fees. For the years ended December 31, 2016 and 2015, fees remitted to the Manager for such services were $55,194 and $45,824, respectively. Unfunded Commitments At December 31, 2016, the Company is committed to an additional $1,616,735 in construction loans that can be drawn by the borrower when certain conditions are met. Other In the normal course of its business, the Company is named as a party-defendant because it is a mortgagee having interests in real properties that are being foreclosed upon, primarily resulting from unpaid property taxes. The Company actively monitors these actions and in all cases there remains sufficient value in the subject property to assure that no loan impairment exists.

Related Party Transactions

Related Party Transactions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	8. Related Party Transactions The Company uses facilities maintained by JJV, who is responsible for paying rent and related overhead expenses, in exchange for compensation. The related compensation expense for JJV for the three months ended March 31, 2017 and 2016 were $35,847 and $61,456, respectively. From time to time the JJV may acquire certain troubled assets from third parties who are not existing Company borrowers. JJV has borrowed money from the Company to finance these arrangements. The real estate purchased is held by JJV in trust for the Company. The Company accounts for these arrangements as separate loans to JJV. The income earned on these loans is equivalent to the income earned on similar loans in the portfolio. All underwriting guidelines are adhered to. The mortgage documents allow JJV to sell the properties in case of default with proceeds in excess of loan principal and accrued expense being returned to the borrower. During the three months ended March 31, 2017, the Company did not enter into any new loan agreements with JJV. The principal balance of the loans to JJV at March 31, 2017 were $1,241,522. During the three months ended March 31, 2017 and 2016, JJV was paid $79,341 and $117,221, respectively, related to origination fees. (See Note 7.) During the three months ended March 31, 2017 and 2016, JJV paid $35,745 and $43,323, respectively, of interest on borrowings from the Company. Prior to the date of the Exchange, JJV frequently paid for costs on behalf of the Company. These costs include insurance and real estate taxes where the Company has been notified that the borrower is in default, costs of any actions ( i.e., At March 31, 2017, the total amounts owed by the Company to the stockholder was $25,568. On February 9, 2017, the Company purchased computer hardware, software and furniture and fixtures totaling $92,806 from JJV at cost.	9. Related Party Transactions The Manager is also a member in the Company. The Company uses facilities maintained by the Manager, who is responsible for paying rent and related overhead expenses, in exchange for compensation, as discussed in Note 8. The related compensation expense for the Manager for the years ended December 31, 2016 and 2015 were $350,229 and $210,407, respectively. From time to time the Manager may acquire certain troubled assets from third parties who are not existing Company borrowers. The Manager has borrowed money from the Company to finance these arrangements. The real estate purchased is held by the Manager in trust for the Company. The Company accounts for these arrangements as separate loans to the Manager. The income earned on these loans is equivalent to the income earned on similar loans in the portfolio. All underwriting guidelines are adhered to. The mortgage documents allow the Manager to sell the properties in case of default with proceeds in excess of loan principal and accrued expense being returned to the borrower. During the year ended December 31, 2016, the Company did not enter into any new loan agreements with the Manager. During the year ended December 31, 2015, the Company entered into one new loan agreement with the Manager in the amount of $800,000. The principal balance of the loans to the Manager at December 31, 2016 and 2015 were $1,229,022 and $1,515,000 respectively. During the years ended December 31, 2016 and 2015, the Manager was paid $636,260 and $541,600, respectively, related to origination fees. (See Note 8.) During the years ended December 31, 2016 and 2015, the Manager paid $166,193 and $108,932, respectively, of interest on borrowings from the Company. The Manager frequently pays for costs on behalf of the Company. These costs include insurance and real estate taxes where the Company has been notified that the borrower is in default, costs of any actions ( i.e., At December 31, 2016 and 2015, the total amounts owed by the Company to the Manager were $656,296 and $230,409, respectively, which are reflected as due to member on the Company’s balance sheets.

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2016
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	10. Concentration of Credit Risk The Company makes loans that are secured by first mortgage liens on real property located primarily (approximately 93%) in Connecticut. This concentration of credit risk may be affected by changes in economic or other conditions of the geographic area.

Subsequent Events

Subsequent Events	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	9. Subsequent Events On May 9, 2017, the Company entered into a joint venture agreement with a borrower. The Company provided financing in exchange for the borrower’s ability to renovate and re-sell the property at a profit. The joint venture agreement calls for the profits to be split 70 30 12 345,000 Subsequent to March 31, 2017, the Company decided to foreclose on five properties and has retained counsel to protect the Company’s interests. Four properties are held by two borrowers with a total principal balance of $ 452,361 686,480 58,000 205,700 On April 10, 2017, the Company declared a dividend of $.05 per share to be paid to shareholders of record on April 17, 2017. The total amount of the dividend payment was $ 555,162	11. Subsequent Events In March 2017, a property classified as real estate owned was sold resulting in a gain of $29,488. In October 2016, a member formally requested redemption of his equity in the Company in the amount of approximately $2,120,000. (See Note 8). The member was redeemed in January 2017. On October 27, 2016, we adopted the 2016 Equity Compensation Plan (the “Plan”). The purpose of the Plan is to align the interests of our officers, other employees, advisors and consultants or any subsidiary, if any, with those of our shareholders to afford an incentive to such officers, employees, consultants and advisors to continue as such, to increase their efforts on our behalf and to promote the success of our business. The basis of participation in the Plan is upon discretionary grants of awards by the board of directors. The Plan is administered by the Compensation Committee. The maximum number of common shares reserved for the grant of awards under the Plan is 1,500,000, subject to adjustment as provided in Section 5 of the Plan. As of December 31, 2016, approximately five individuals will be eligible to participate in the Plan, our two executive officers and three Independent Directors. On February 8, 2017, the Company transferred all of its assets to Sachem Capital Corp., a New York corporation, in exchange for 6,283,237 common shares, par value $0.001 per share, of Sachem Capital Corp. and the assumption by Sachem Capital Corp. of all the Company’s liabilities, including the outstanding balance on the Bankwell Credit Line (the “Exchange”). In connection with the Exchange, Sachem Capital Corp. and Bankwell entered into the Second Amended and Restated Revolving Line of Credit Agreement, the principal terms of which are identical in all material respects to the Line of Credit Agreement between the Company and Bankwell. The Company plans to distribute the common shares it received in the Exchange to its members, pro rata in accordance with their capital account balances, and to then liquidate. Sachem Capital Corp. was formed in January 2016 and, until it consummated the exchange transaction described above, was not engaged in any trade or business or investment activity, had only nominal assets and no liabilities. On February 9, 2017, Sachem Capital Corp issued and sold 2,600,000 of its common shares in an underwritten initial public offering at an initial public offering price per share of $5.00 (the “IPO”). The gross proceeds from the offering were $13 million and the net proceeds to Sachem Capital Corp., after deducting underwriting discounts and commissions and other offering expenses, from the sale of the common shares are estimated to be $11.2 million. As a result of the Exchange and the IPO, Sachem Capital Corp. believes 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. As a REIT, Sachem Capital Corp. is required to distribute at least 90% of its taxable income to its shareholders on an annual basis. Sachem Capital Corp.’s qualification as a REIT depends on its ability to meet on a continuing basis, through actual investment and operating results, various complex requirements under the Internal Revenue Code of 1986, as amended, relating to, among other things, the sources of its income, the composition and values of its assets, its compliance with the distributions requirements applicable to REITs and the diversity of ownership of its outstanding common shares. So long as it qualifies as a REIT, Sachem Capital Corp., generally, will not be subject to U.S. federal income tax on its taxable income distributed to its shareholders. However, if it fails to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, it will be subject to U.S. federal income tax at regular corporate rates and may also be subject to various penalties and may be precluded from re-electing REIT status for the four taxable years following the year during in which it lost its REIT qualification.

Significant Accounting Polici20

Significant Accounting Policies (Policies)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management will base the use of estimates on (a) various assumptions that consider its past experience, (b) the Company’s projections regarding future operations, and (c) general financial market and local and general economic conditions. Actual amounts could differ from those estimates.	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management will base the use of estimates on (a) various assumptions that consider its past experience, (b) the Company’s projections regarding future operations, and (c) general financial market and local and general economic conditions. Actual amounts could differ from those estimates.
Land and Building	Land and Building Land and building acquired in December 2016, to house the Company’s office facilities is stated at cost. The building will be depreciated using the straight-line method over its estimated useful life of 40	Land and Building Land and building acquired in December, 2016, to house the Company’s office facilities is stated at cost. The building will be depreciated using the straight-line method over its estimated useful life of 40 years. Expenditures for repairs and maintenance are charged to expense as incurred.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and mortgage loans. The Company maintains its cash with one major financial institution. Accounts at the financial institution are insured by the Federal Deposit Insurance Corporation up to $ 250,000 Credit risks associated with the Company’s mortgage loan portfolio and related interest receivable are described in Note 3 entitled “Mortgages Receivable.”	Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and mortgage loans. The Company maintains its cash with one major financial institution. Accounts at the financial institution are insured by the Federal Deposit Insurance Corporation up to $250,000. Credit risks associated with the Company’s mortgage loan portfolio and related interest receivable are described in Note 3 entitled “Mortgages Receivable.”
Impairment of long-lived assets		Impairment of long-lived assets The Company continually monitors events or changes in circumstances that could indicate carrying amounts of long lived assets may not be recoverable. When such events or changes in circumstances occur, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the undiscounted cash flows is less than the carrying amount of these assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair market value of the assets.
Income Taxes	Income Taxes Subsequent to the Exchange and the IPO, the Company believes 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. As a REIT, the Company is required to distribute at least 90% of its taxable income to its shareholders on an annual basis. The Company’s qualification as a REIT depends on its ability to meet on a continuing basis, through actual investment and operating results, various complex requirements under the Internal Revenue Code of 1986, as amended, relating to, among other things, the sources of its income, the composition and values of its assets, its compliance with the distributions requirements applicable to REITs and the diversity of ownership of its outstanding common shares. So long as it qualifies as a REIT, the Company, generally, will not be subject to U.S. federal income tax on its taxable income distributed to its shareholders. However, if it fails to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, it will be subject to U.S. federal income tax at regular corporate rates and may also be subject to various penalties and may be precluded from re-electing REIT status for the four taxable years following the year during in which it lost its REIT qualification. The Company has adopted the provisions of FASB ASC Topic 740-10 “Accounting for Uncertainty in Income Taxes”. The standard prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and disclosure required. Under this standard, an entity may only recognize or continue to recognize tax positions that meet a “more likely than not” threshold. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. The Company has determined that there are no uncertain tax positions requiring accrual or disclosure in the accompanying financial statements as of March 31, 2017.	Income Taxes The Company is not a taxpaying entity for federal and state income tax purposes, and thus no income tax expense has been recorded in the financial statements. The income or loss of the Company is taxed to the members on their respective income tax returns. The Company has adopted the provisions of FASB ASC Topic 740-10 “Accounting for Uncertainty in Income Taxes”. The standard prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and disclosure required. Under this standard, an entity may only recognize or continue to recognize tax positions that meet a “more likely than not” threshold. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. The Company has determined that there are no uncertain tax positions requiring accrual or disclosure in the accompanying financial statements as of December 31, 2016 and December 31, 2015. The Company’s Federal and State Partnership tax returns for years prior to 2014 are no longer subject to examination by the taxing authorities.
Revenue Recognition	Revenue Recognition The Company recognizes revenues in accordance with ASC 605, which provides guidance on the recognition, presentation and disclosure of revenue in financial statements. ASC 605 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. In general, the Company recognizes revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery of the product has occurred or services have been rendered, (iii) the sales price charged is fixed or determinable, and (iv) collectability is reasonably assured. Interest income from the Company’s loan portfolio is earned, over the loan period and is calculated using the simple interest method on principal amounts outstanding. Generally, the Company’s loans provide for interest to be paid monthly in arrears. Origination fee revenue is recognized ratably over the contractual life of the loan in accordance with ASC 310.	Revenue Recognition The Company recognizes revenues in accordance with ASC 605, which provides guidance on the recognition, presentation and disclosure of revenue in financial statements. ASC 605 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. In general, the Company recognizes revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery of the product has occurred or services have been rendered, (iii) the sales price charged is fixed or determinable, and (iv) collectability is reasonably assured. Interest income from the Company’s loan portfolio is earned, over the loan period and is calculated using the simple interest method on principal amounts outstanding. Generally, the Company’s loans provide for interest to be paid monthly in arrears. Origination fee revenue is recognized ratably over the contractual life of the loan in accordance with ASC 310.
Deferred Financing Costs	Costs incurred in connection with the Company’s line of credit, as discussed in Note 6, are amortized over the term of the line of credit, using the straight-line method.	Deferred Financing Costs Costs incurred in connection with the Company’s line of credit, as discussed in Note 6, are amortized over the term of the line of credit, using the straight-line method.
Fair Value of Financial Instruments	Fair Value of Financial Instruments For the line of credit, mortgage payable and interest bearing mortgages receivable held by the Company, the carrying amount approximates fair value due to the relative short term nature of such instruments.	Fair Value of Financial Instruments For the line of credit, mortgage payable and interest bearing mortgages receivable held by the Company, the carrying amount approximates fair value due to the relative short term nature of such instruments.
Earnings Per Share	Earnings Per Share Basic and diluted earnings per share are calculated in accordance with ASC 260 “Earnings Per Share”. Under ASC 260, basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. The computation of diluted earnings per share is similar to basic earnings per share, except that the denominator is increased to include the potential dilution from the exercise of stock options and warrants for common shares using the treasury stock method. The numerator in calculating both basic and diluted earnings per common share for each period is the reported net income. Since SCP operated as a limited liability company prior to the IPO, earnings per share for the three months ended March 31, 2017, does not include the net income per share for the period prior to the IPO, and there are no earnings per share for the three months ended March 31, 2016.
Subsequent Events	Subsequent Events Management has evaluated subsequent events through May 22, 2017, the date on which the financial statements were available to be issued. Based on the evaluation, no adjustments were required in the accompanying financial statements.	Subsequent Events Management has evaluated subsequent events through April 6, 2017, the date on which the financial statements were available to be issued. Based on the evaluation, no adjustments were required in the accompanying financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, “Financial Instruments — Credit Losses (Topic 326) Measurement of Credit Losses of Financial Instruments” In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments — a consensus of the Emerging Issues Task Force.” In November 2016, the FASB Issued ASU 2016-18, “Statement of Cash Flows (topic 230): Restricted Cash- a consensus of the FASB Emerging Issues Task Force.” Management does not believe that any other recently issued, but not yet effected, accounting standards if currently adopted would have a material effect on the Company’s financial statements.	Recent Accounting Pronouncements In January 2016, the FASB issued ASU 2016-01, “Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” In June 2016, the FASB issued ASU 2016-13, “Financial Instruments — Credit Losses (Topic 326) Measurement of Credit Losses of Financial Instruments” In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments — a consensus of the Emerging Issues Task Force.” In November 2016, the FASB Issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash- a consensus of the FASB Emerging Issues Task Force.” Management does not believe that any other recently issued, but not yet effected, accounting standards if currently adopted would have a material effect on the Company’s financial statements.

Mortgages Receivable (Tables)

Mortgages Receivable (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]
Schedule of credit risk profile on loan activity	Performing Loans Residential Commercial Land Mixed Use Total March 31, 2017 $ 25,853,550 $ 10,742,594 $ 3,220,067 $ 256,664 $ 40,072,875 March 31, 2016 $ 20,605,890 $ 5,668,880 $ 2,539,372 $ 456,000 $ 29,270,142	Performing Loans Residential Commercial Land Mixed Use Total Outstanding Mortgages December 31, 2016 $ 21,343,927 $ 9,049,942 $ 3,149,602 $ 207,139 $ 33,750,610 December 31, 2015 $ 18,820,509 $ 5,712,566 $ 2,619,792 $ 380,000 $ 27,532,867
Schedule of maturities of mortgages receivable	2017 $ 12,573,810 2018 16,282,106 2019 8,454,993 2020 2,761,966 Total $ 40,072,875	2017 $ 13,328,863 2018 10,704,193 2019 8,096,976 2020 1,620,578 Total $ 33,750,610

Real Estate Owned (Tables)

Real Estate Owned (Tables)	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Schedule of rental payments due from real estate held for rental	Year ending December 31, 2017 $ 96,480 2018 96,480 2019 55,270 Total $ 248,230

Line of Credit and Mortgage P23

Line of Credit and Mortgage Payable (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of principal payments on the mortgage payable	Year ending December 31, 2017 $ 7,571 2018 9,228 2019 9,228 2020 9,228 2021 9,228 Thereafter 263,860 $ 308,343	Year ending December 31, 2017 $ 9,228 2018 9,228 2019 9,228 2020 9,228 2021 9,228 Thereafter 263,860 $ 310,000

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of activity related to origination fees		Activity related to origination fees for the year ended December 31, 2016 is as follows: ​ ​ ​ Deferred ​ ​ Gross ​ ​ Amortization ​ ​ Deferred ​ Manager’s Share ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 636,260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company’s Share ​ ​ ​ $ 190,017 ​ ​ ​ ​ ​ 187,748 ​ ​ ​ ​ $ 162,264 ​ ​ ​ ​ $ 215,501 ​ ​ Total ​ ​ ​ $ 190,017 ​ ​ ​ ​ $ 824,008 ​ ​ ​ ​ $ 162,264 ​ ​ ​ ​ $ 215,501 ​ ​ ​ Activity related to origination fees for the year ended December 31, 2015 is as follows: ​ ​ ​ Deferred ​ ​ Gross ​ ​ Amortization ​ ​ Deferred ​ Manager’s Share ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 541,600 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company’s Share ​ ​ ​ $ 118,718 ​ ​ ​ ​ ​ 179,684 ​ ​ ​ ​ $ 108,385 ​ ​ ​ ​ $ 190,017 ​ ​ Total ​ ​ ​ $ 118,718 ​ ​ ​ ​ $ 721,284 ​ ​ ​ ​ $ 108,385 ​ ​ ​ ​ $ 190,017 ​ ​ ​
Schedule of original maturities of deferred revenue	December 31, 2017 $ 276,061 2018 85,761 2019 40,944 Total $ 402,766	December 31, 2017 $ 124,800 2018 62,491 2019 28,210 Total $ 215,501

The Company (Details Textual)

The Company (Details Textual) - USD ($)	Feb. 09, 2017	Feb. 08, 2017	Feb. 15, 2017	Mar. 31, 2017	Dec. 31, 2016
The Company [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		6,283,237
Common stock, par value (in dollars per share)		$ 0.001		$ 0.001	$ 0.001
Proceeds from Issuance Initial Public Offering				$ 13,000,000
IPO
The Company [Line Items]
Stock Issued During Period, Shares, New Issues	2,600,000
Price per share	$ 5
Fees and Commissions	$ 11,200,000		$ 11,100,000
Proceeds from Issuance Initial Public Offering	$ 13,000,000

Significant Accounting Polici26

Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Significant Accounting Policies [Line Items]
FDIC insured amount	$ 250,000	$ 250,000
Land and Building
Significant Accounting Policies [Line Items]
Property, plant and equipment, useful life	40 years	40 years

Mortgages Receivable (Details)

Mortgages Receivable (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Mortgage Loans on Real Estate [Line Items]
Total Outstanding Mortgages	$ 40,072,875	$ 33,750,610	$ 29,270,142	$ 27,532,867
Land
Mortgage Loans on Real Estate [Line Items]
Total Outstanding Mortgages	3,220,067	3,149,602	2,539,372	2,619,792
Residential
Mortgage Loans on Real Estate [Line Items]
Total Outstanding Mortgages	25,853,550	21,343,927	20,605,890	18,820,509
Commercial
Mortgage Loans on Real Estate [Line Items]
Total Outstanding Mortgages	10,742,594	9,049,942	5,668,880	5,712,566
Mixed Use
Mortgage Loans on Real Estate [Line Items]
Total Outstanding Mortgages	$ 256,664	$ 207,139	$ 456,000	$ 380,000

Mortgages Receivable (Details 1

Mortgages Receivable (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]
2,017	$ 12,573,810	$ 13,328,863
2,018	16,282,106	10,704,193
2,019	8,454,993	8,096,976
2,020	2,761,966	1,620,578
Total	$ 40,072,875	$ 33,750,610	$ 29,270,142	$ 27,532,867

Mortgages Receivable (Details T

Mortgages Receivable (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Nov. 30, 2016
Mortgage Loans on Real Estate [Line Items]
Default interest rate for non-payment	18.00%		18.00%
Principal disbursements for mortgages receivable	$ 10,091,528	$ 5,113,384	$ 21,580,103	$ 19,412,438
Purchased a mortgage note at discount					$ 74,954
Principal collections on mortgages receivable	3,938,601	$ 3,376,109	14,861,360	$ 5,812,116
Minimum
Mortgage Loans on Real Estate [Line Items]
Mortgage loans face amount	$ 21,000		$ 35,000
Mortgage loans on real estate, interest rate	9.00%		9.00%
Maximum
Mortgage Loans on Real Estate [Line Items]
Mortgage loans face amount	$ 1,100,000		$ 1,100,000
Mortgage loans on real estate, interest rate	12.00%		12.00%
JJV, LLC (the "Manager")
Mortgage Loans on Real Estate [Line Items]
Exercise of Option To Share, Percentage on Discount	75.00%
Purchased a mortgage note at discount	$ 55,390

Real Estate Owned (Details)

Real Estate Owned (Details)	Dec. 31, 2016USD ($)
Banking and Thrift [Abstract]
Year ending December 31, 2017	$ 96,480
2,018	96,480
2,019	55,270
Total	$ 248,230

Real Estate Owned (Details Text

Real Estate Owned (Details Textual) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Banking and Thrift [Abstract]
Real estate owned	$ 1,177,291	$ 1,222,454	$ 1,001,054
Rental properties	971,579	789,126
Real estate held-for-sale	$ 205,712	$ 433,328

Real Estate Owned (Detail Textu

Real Estate Owned (Detail Textuals 1)	1 Months Ended			12 Months Ended
	Oct. 31, 2016USD ($)Mortgage_Property	Oct. 30, 2016USD ($)	Aug. 31, 2016USD ($)BorrowerMortgage_Property	Dec. 31, 2016USD ($)Mortgage_Property	Mar. 31, 2017USD ($)
Real Estate Owned [Line Items]
Number of mortgage properties held for sale | Mortgage_Property				3
Number of properties held for rental | Mortgage_Property				4
Amount of properties held for rental				$ 789,126	$ 971,579
Single Family
Real Estate Owned [Line Items]
Amount of properties held for rental				395,000
Lease provides rental payments for the period				4,250
Value of properties held for rental expected to be sold				400,000
Single Family
Real Estate Owned [Line Items]
Amount of properties held for rental				117,500
Lease provides rental payments for the period				1,375
Lease amount paid				7,000
Value of properties held for rental expected to be sold				114,750
Multifamily
Real Estate Owned [Line Items]
Amount of properties held for rental				143,000
Lease provides rental payments for the period				1,660
Single Family
Real Estate Owned [Line Items]
Amount of properties held for rental				133,000
Lease provides rental payments for the period				$ 1,330
Mortgage Receivable
Real Estate Owned [Line Items]
Number of borrowers | Borrower			2
Number of mortgage properties held for sale | Mortgage_Property			5
Aggregate amount of the mortgages receivable including interest and late charges receivable			$ 532,000
Number of mortgage properties sold | Mortgage_Property	3			1
Loss on sale of property held for sale	$ 98,622	$ 11,000		$ 29,488
Mortgage Receivable | JJV LLC
Real Estate Owned [Line Items]
Carrying value of property held for sale acquired				$ 180,000

Other Receivables (Details Text

Other Receivables (Details Textual)	2 Months Ended
	Jul. 31, 2016Property	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Other Receivables [Abstract]
Number of properties sold which acquired through foreclosure | Property	2
Other receivables | $		$ 178,231	$ 182,842	$ 17,500
Accrued interest rate on other receivables			12.00%

Line of Credit and Mortgage P34

Line of Credit and Mortgage Payable (Details) - Mortgage payable - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
2,017	$ 7,571	$ 9,228
2,018	9,228	9,228
2,019	9,228	9,228
2,020	9,228	9,228
2,021	9,228	9,228
Thereafter	263,860	263,860
Long-term Debt	$ 308,343	$ 310,000

Line of Credit and Mortgage P35

Line of Credit and Mortgage Payable (Details Textual) - USD ($)	1 Months Ended		3 Months Ended		12 Months Ended
	Mar. 18, 2016	Dec. 18, 2014	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 30, 2015
Line of Credit Facility [Line Items]
Financing costs incurred			$ 13,650	$ 65,050	$ 76,159	$ 12,075
Amortization costs			14,559	$ 12,996	47,676	26,916
Long-term Line of Credit			4,150,100		8,113,943	6,000,000
Mortgage payable
Line of Credit Facility [Line Items]
Debt Instrument, Face Amount			$ 310,000		$ 310,000
Debt Instrument, Interest Rate, Stated Percentage			4.52%		4.52%
Debt Instrument, Periodic Payment			$ 1,975		$ 1,975
Debt Instrument, Maturity Date			Jan. 31, 2022		Jan. 31, 2022
Bankwell | Guarantee Obligations | Maximum
Line of Credit Facility [Line Items]
Long-term Line of Credit			$ 1,000,000
Bankwell | Line of Credit
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 15,000,000	$ 5,000,000			$ 1,000,000		$ 7,000,000
Line of Credit Facility, Interest Rate at Period End			7.00%		6.75%
Line of Credit Facility, Expiration Date			Mar. 15, 2018
Debt Instrument, Interest Rate Terms	The interest rate on the Bankwell Credit Line is variable at 3% in excess of the Wall Street Journal prime rate, but in no event less than 6.25%, per annum, on the money in use.
Debt Instrument, Term		2 years
Financing costs incurred					$ 65,000	12,000
Amortization costs					47,676	26,916
Long-term Line of Credit					$ 8,113,943	$ 6,000,000

Members' Equity (Details Textua

Members' Equity (Details Textual)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Redemption fee percentage	2.50%

Commitments and Contingencies37

Commitments and Contingencies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Commitments And Contingencies [Line Items]
Deferred Revenue, Beginning	$ 190,017	$ 118,718
Gross Origination Fee Income	824,008	721,284
Amortization of Deferred Revenue	162,264	108,385
Deferred Revenue Ending	215,501	190,017
Manager's Share
Commitments And Contingencies [Line Items]
Gross Origination Fee Income	636,260	541,600
Company's Share
Commitments And Contingencies [Line Items]
Deferred Revenue, Beginning	190,017	118,718
Gross Origination Fee Income	187,748	179,684
Amortization of Deferred Revenue	162,264	108,385
Deferred Revenue Ending	$ 215,501	$ 190,017

Commitments and Contingencies38

Commitments and Contingencies (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Commitments [Line Items]
Total		$ 215,501	$ 190,017	$ 118,718
Deferred Lease Revenue
Other Commitments [Line Items]
2,017	$ 276,061	124,800
2,018	85,761	62,491
2,019	40,944	28,210
Total	$ 402,766	$ 215,501

Commitments and Contingencies39

Commitments and Contingencies (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Commitments And Contingencies [Line Items]
Committed to an additional construction loans	$ 3,109,446
Other commitment			$ 215,501	$ 190,017	$ 118,718
JJV, LLC (the "Manager")
Commitments And Contingencies [Line Items]
Loan origination fees, percentage	75.00%		75.00%
Loan origination fees paid	$ 79,341	$ 117,221	$ 636,260	$ 541,600
Loan servicing fee , Description	the loan servicing fee ranged from one-twelfth (1/12 th) of one-half percent (0.5%) to one percent (1.0%) of the Company’s loan portfolio		the loan servicing fee ranges from one-twelfth (1/12 th) of one-half percent (0.5%) to one percent (1.0%) of the Company's loan portfolio
Loan servicing fee, Percentage	1.00%	1.00%	1.00%	1.00%
Loan servicing fees paid	$ 32,778	$ 55,456	$ 295,035	$ 164,853
Loan inspection fees			55,194	$ 45,824
Other commitment			$ 1,616,735
JJV, LLC (the "Manager") | Minimum
Commitments And Contingencies [Line Items]
Loan origination fees on original loan, percentage	2.00%		2.00%
JJV, LLC (the "Manager") | Maximum
Commitments And Contingencies [Line Items]
Loan origination fees on original loan, percentage	5.00%		5.00%

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	Feb. 09, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Compensation		$ 35,847	$ 61,456	$ 350,229	$ 210,407
Interest and Fee Income, Loans and Leases		1,036,840	803,484	3,648,427	2,477,876
Taxes and Licenses		105,839	4,862	34,662	5,093
Due to Officers or Stockholders		25,568		656,296	230,409
Payments to Acquire Furniture and Fixtures		102,327
JJV, LLC (the "Manager")
Related Party Transaction [Line Items]
Compensation				350,229	210,407
Due from Related Parties		1,241,522		1,229,022	1,515,000
Loan Processing Fee		79,341	117,221	636,260	541,600
Interest and Fee Income, Loans and Leases		35,745	43,323	166,193	108,932
Taxes and Licenses		9,035	0	20,392
Due to Officers or Stockholders		$ 4,905	$ 101,094	$ 64,794	60,499
Payments to Acquire Furniture and Fixtures	$ 92,806
Loan amount					$ 800,000

Concentration of Credit Risk (D

Concentration of Credit Risk (Details Textual)	12 Months Ended
	Dec. 31, 2016
Secured Loan | First Mortgage Liens On Real Property
Concentration Risk [Line Items]
Percentage of loan makes to Connecticut	93.00%

Subsequent Events (Details Text

Subsequent Events (Details Textual)	Feb. 09, 2017USD ($)$ / sharesshares	Feb. 08, 2017$ / sharesshares	Mar. 31, 2017USD ($)	Feb. 15, 2017USD ($)	Jan. 31, 2017USD ($)	Mar. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)Individual	Dec. 31, 2015USD ($)	Oct. 27, 2016shares
Subsequent Event [Line Items]
Loss on sale of real estate, net			$ 29,488				$ (87,967)	$ (5,476)
Redemption of members equity					$ 2,120,000
Maximum number of common shares reserved for grant of awards under the Plan | shares									1,500,000
Number of individuals eligible to participate in the Plan | Individual							5
Gross proceeds from Initial public offering						$ 13,000,000
IPO
Subsequent Event [Line Items]
Initial public offering (in shares) | shares	2,600,000
Initial public offering price per share | $ / shares	$ 5
Gross proceeds from Initial public offering	$ 13,000,000
Fees and commission	$ 11,200,000			$ 11,100,000
Common Shares
Subsequent Event [Line Items]
Conversion of members' equity into common stock (in shares) | shares		6,283,237				6,283,237
Conversion of members' equity into common stock par value | $ / shares		$ 0.001
Initial public offering (in shares) | shares						2,600,000
Executive officers
Subsequent Event [Line Items]
Number of individuals eligible to participate in the Plan | Individual							2
Independent Directors
Subsequent Event [Line Items]
Number of individuals eligible to participate in the Plan | Individual							3

Subsequent Events (Details Te43

Subsequent Events (Details Textual 1) - Subsequent Events	May 09, 2017USD ($)Mortgage_Property	Apr. 10, 2017USD ($)$ / shares
Subsequent Event [Line Items]
Share Of Profits, Percentage	30.00%
Real Estate Investments, Joint Ventures	$ 345,000
Number of Real Estate Properties | Mortgage_Property	5
Common Stock, Dividends, Per Share, Declared | $ / shares		$ 0.05
Payments of Dividends		$ 555,162
Receivable with Imputed Interest, Effective Yield (Interest Rate)	12.00%
Sachem Capital Partners, LLC
Subsequent Event [Line Items]
Share Of Profits, Percentage	70.00%
Two Borrowers
Subsequent Event [Line Items]
Number of Real Estate Properties | Mortgage_Property	4
Other Real Estate, Foreclosed Assets, and Repossessed Assets	$ 452,361
Reassessed Value Of Real Estate Properties	686,480
Single Borrower
Subsequent Event [Line Items]
Other Real Estate, Foreclosed Assets, and Repossessed Assets	58,000
Reassessed Value Of Real Estate Properties	$ 205,700