We have completed another successful repayment on Indemo, continuing our track record of real estate-backed debt recoveries. This is Indemo’s 20th Discounted Debt Repayment.
To see where this repayment stands in Indemo’s history, check out the Insights page.
This repayment adds another proof point to Indemo’s growing portfolio performance and highlights how recoveries can be completed efficiently even at early stages of the process.
This time, €67,727 in principal and interest was repaid to investors from J044: Apartment in Adeje (Santa Cruz de Tenerife). This repayment affected the portfolios of 1,459 investors, representing 2.2% of all active Notes on the platform.
The annual average weighted ROI for this repayment reached 13.9% per annum, with individual annual returns ranging from 13.5% to 15.0% per annum, depending on when each investment was made.
Spotlight on the repaid debt: J044 Apartment in Adeje, Santa Cruz de Tenerife
At Indemo, every Discounted Debt investment is secured by real residential property in Spain. J044 was backed by a 101 sqm large Apartment in Adeje, located in Santa Cruz de Tenerife, providing tangible collateral behind the recovery strategy.
J044 was first listed on 18 February 2025 at Step 1, Claim Preparation (First Notification) and reached repayment at Step 2, Claim Filing, showing a clean and efficient path from early-stage preparation to exit.
Key figures
Repayment details
- Repayment date: 27 May 2026
- Repayment amount: €67,727 (Principal + Interest)
- Annual average weighted ROI: 13.9% p.a.
- Annual return range: 13.5% to 15.0% p.a.
Investor impact
- Investors affected: 1,459
- Percentage of all active Notes affected: 2.2%
Flow and exit
- Flow stage at listing: Step 1, Claim Preparation
- Flow stage at repayment: Step 2, Claim Filing
- Exit scenario: Sale on the institutional secondary market
Recovery scenario
This repayment was facilitated through a sale on the institutional debt secondary market, one of the key exit strategies within Indemo’s recovery model.
In this case, over the past several months, the servicing company had been actively preparing the claim to initiate foreclosure proceedings in court. This included completing the subrogation phase, during which the creditor is changed and the claim, together with the related rights, is transferred to the new owner.
As the process progressed, the servicing company identified that the asset had been acquired with a strong margin as part of the wider purchase portfolio. At the same time, both the property’s market value and the claim value had increased since early 2025. This made the debt position more attractive for a potential sale on the institutional secondary market, despite the case still being at an early stage of the recovery flow.
The servicing company followed the principle of maximising possible profit within the shortest realistic timeframe. In the NPL market, time and recovery progress directly influence the asset price: the more advanced the recovery stage is, and the less time remains until expected resolution, the higher the asset’s market value may become. Based on this logic, the servicing company sold the asset on the secondary market within a 15-month horizon, which was shorter than the target recovery timeline, while still achieving an attractive outcome in line with Indemo’s recovery approach.
The upcoming Indemo Secondary Market, planned for later this year, will give investors greater flexibility and control to make decisions based on their own timing and return appetite — whether to sell an asset earlier for a more moderate return or hold it longer to potentially capture the full recovery upside.
A Note on Returns
As with all Indemo Discounted Debt investments, actual returns depend on when you entered the investment, determined by the issue date of your Note.
To check your individual ROI from this repayment, head over to the Portfolio section of your Indemo account. For broader insights, check out the Analytics dashboard.
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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.