Fast-tracked Opportunity: J062
As part of our ongoing commitment to transparency and timely investor communication, we’re sharing a focused update on one notable case in our portfolio: J062.
This debt was previously progressing through the legal recovery process. Thanks to the thorough and proactive work of the servicing company team, an out-of-court settlement was successfully reached. This allowed the case to bypass further court proceedings and move directly to the final recovery phase.
In simple terms, Debt J062 advanced to recovery step 24 – Sale of Estate, following the signing of a debt cancellation agreement and the formal transfer of the property for sale.
J062 - Apartment & House in Málaga*
- First listed on Indemo: March 2025
- Total Debt: €293,551
- Total Appraisal: €401,072
- Price: €200,000
- Price to Debt (PTD): 68.1%
- Price to Value (PTV): 49.9%
*Two real estates covered this debt
1) Apartment in Benalmádena
- Object Type: Apartment
- Year Constructed: 2005
- Size: 69 m²
- Address: Benalmádena, Málaga
- Appraisal: €233,527
- Description: Located in a middle-class residential area, the apartment is in Benalmádena, a region known for tourism and services. The area has well-developed infrastructure, including schools, hospitals, banks, and shops, making it a valuable investment opportunity.
2) House in Coín
- Object Type: House
- Year Constructed: 1982
- Size: 106 m²
- Address: Coín, Málaga
- Appraisal: €167,545
- Description: Situated in the Rodeo neighborhood of Coín, this house is in a primarily residential area where industry and services are the main economic activities. The area has adequate infrastructure, with schools, hospitals, and shops nearby, and standard public transport services available.
Recovery Progress
- Old Recovery Stage: Claim Preparation (Step 1)
- New Recovery Stage: Sale of Estate (Step 24)
This jump from Step 1 to the final step highlights the flexibility and effectiveness of our alternative recovery methods when handling real estate–backed NPLs.
What Does This Mean for Investors?
We have received confirmation from the servicing company that an out-of-court settlement has been reached with the debtor and that the debt cancellation agreement has been signed. As a result, the property has been overtaken and moved directly into the Sale of Estate phase.
The servicing company will now move forward with preparing the property and launching the sales process, targeting a sale price aligned with valuation benchmarks. Once the sale is completed, the transaction will be announced as a debt repayment event and settled with investors’ accounts in line with Indemo’s standard procedures.
Why It Matters
This case is another strong example of how alternative recovery flows can deliver effective outcomes, even for debts in the early Flow stages, without the need to complete the entire legal recovery cycle.
By resolving the case out of court, the recovery timeline was significantly shortened—bringing the asset to market faster and potentially improving annualized return dynamics for investors.
The Indemo Discounted Debt product is designed to be adaptive. While legal recovery remains a powerful tool, it is not always the most efficient route. Strategic negotiation and proactive servicing can, in many cases, unlock value sooner while maintaining full transparency and investor control.
At Indemo, our priority is to select the most effective recovery path for each individual case, always with investor outcomes in mind.
We will continue to monitor the sale process closely and provide updates as progress is made.
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This content is a marketing communication. It shall not be treated as investment advice, independent research or offer, recommendation or invitation to invest in the investment opportunities referred to herein. The content is not aimed at promoting services or products to persons based in jurisdictions where the distribution of said information would be illegal.
Investing in financial instruments involves risk, and there’s no guarantee that investors will get back invested capital. Moreover, past performance does not guarantee future returns. Indemo SIA shall not be responsible for any direct or indirect loss from using the provided information.