Sachern Capital Corp. (SACH) – Mortgage REITs see Steep Decline amid Coronavirus Turmoil
Have you suffered losses investing in a mortgage REIT such as Sachern Capital Corp. (SACH)? If so, the securities attorneys at The White Law group may be able to help you to recover your losses through FINRA Arbitration.
Shares of mortgage real-estate investment trusts declined sharply in March, according to The Wall Street Journal, reflecting growing concerns about firms that “use borrowed money to juice returns at a time when funding markets are in turmoil.”
According to S&P Global, close to half of the mortgage REITs in the U.S. lowered or suspended their dividend payments due to the financial turmoil attributed to the COVID-19 global pandemic.
Eleven mortgage REITs reportedly declared dividend payment reductions year-to-date, with most of the cuts exceeding 10% of the previous dividend amount.
Sachem Capital Corp. (SACH), a real estate finance company, specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut.
Unfortunately for investors, shares of Sachern Capital Corp. are down -47.24% YTD and the company has suspended its dividend payments.
Recovery of Investment Losses
The White Law Group is investigating FINRA arbitration claims involving broker dealers who may have improperly recommended mortgage REITs to investors.
Brokerage firms are required to perform due diligence on any investment they recommend, including mortgage REITs. They must ensure that the investment is suitable for a particular investor in light of that investor’s age, investment objectives, income, net worth, and investment experience. Given the current risk of devaluation of these REITs, such investments are likely only suitable for wealthy and/or sophisticated investors.
If you have suffered losses in a mortgage REIT such as Sachern Capital Corp. (SACH), please call the securities attorneys of The White Law Group at (888)637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on the firm, please visit https://whitesecuritieslaw.com.
Tags: SACH investment losses, Sachern Capital class action lawsuit, Sachern Capital Corp. class action, Sachern Capital Corp. complaint, Sachern Capital Corp. lawsuit, Sachern Capital Corp. losses, Sachern Capital Corp. mortgage reit, Sachern Capital Corp. recovery options Last modified: May 5, 2020