Repayment – J074 Apartment on Calle San Roque, Madrid

We have completed another successful repayment on Indemo, continuing our track record of real estate-backed recoveries.

This marks the 27th Debt Repayment in Indemo’s debt portfolio, adding another milestone to our growing repayment history and demonstrating the continued progress of our Discounted Debt recovery model.

This time, €52,444 in principal and interest was repaid to investors from J074: Apartment on Calle San Roque, Parla, Madrid. This repayment affected the portfolios of 1,232 investors, representing 1.1% of all active Notes on the platform.

The annual average weighted ROI for this repayment reached 15.31% per annum, with individual annual returns ranging from 15.02% to 16.12% per annum, depending on when each investment was made.

Spotlight on the repaid debt: J074 Apartment on Calle San Roque, Madrid

At Indemo, every Discounted Debt investment is secured by real residential property in Spain. J074 was backed by an apartment on Calle San Roque in Parla, Madrid, providing tangible collateral behind the recovery strategy.

The asset is a 60 m² residential apartment constructed in 1970, located in an established, middle-class residential area of Parla, a municipality in the Madrid metropolitan region. The neighborhood is primarily residential, with local economic activity concentrated in industry and services.

J074 was first listed on 18 February 2025 at Step 10, Auction Preparation, and reached repayment at Step 15, Closing the Auction. This means the case progressed through the auction-related stages of the recovery process before the servicing company selected the final exit route.

Key figures

Repayment details

First listed date: 18 February 2025
Repayment date: 23 October 2026
Months to recovery: 20
Repayment amount: €52,444 (Principal + Interest)
Annual average weighted ROI: 15.31% p.a.
Annual return range: 15.02% to 16.12% p.a.

Investor impact

Investors affected: 1,232
Percentage of all active Notes affected: 1.1%

Flow and exit

Flow stage at listing: Step 10, Auction Preparation
Flow stage at repayment: Step 15, Closing the Auction
Exit scenario: Selling property acquisition rights to a third-party investor (Cesión de Remate)

Recovery scenario

In the case of J074, the servicing company successfully advanced the debt from Auction Preparation (Step 10) to Closing the Auction (Step 15), resulting in the property title being awarded to the servicing company.

The repayment was facilitated through the sale of property acquisition rights to a third-party investor (Cesión de Remate), one of the exit routes in Indemo’s recovery model.

CDR (Assignment of Auction Rights) is an established exit strategy in the Spanish distressed-debt market. It allows the creditor to monetise its position by transferring judicial auction award rights directly to a third-party buyer, without first taking ownership or possession of the underlying property. This typically accelerates debt recovery and reduces the costs and risks associated with property ownership, possession, and resale.

This approach reflects one of the key advantages of Indemo’s Discounted Debt model: the ability to select the most suitable recovery route based on the progress of each individual case.

The servicing company follows the principle of maximising possible profit within the shortest realistic timeframe. In the NPL market, legal recovery progress can increase a debt's attractiveness to institutional buyers, as a more advanced case may have a shorter expected recovery period and fewer remaining procedural uncertainties.

For J074, the selected exit strategy delivered an annualised weighted ROI of 15.31% p.a., in line with Indemo’s target return of 15% p.a., while achieving recovery ahead of the target 24-month timeline.

See how this repayment ranks

You can also see how this repayment compares with previous Indemo repayments in the Insights section of the Indemo website.

The Insights page brings together key platform figures and repayment data, helping investors follow Indemo’s repayment history, compare completed recoveries, and better understand how individual cases contribute to the overall track record.

Clearer Cashback Reporting

Recently we have also improved how cashback transactions are allocated and displayed in investors’ statements and portfolio reporting.

With the updated logic, cashback is now linked more clearly to the investment transactions that generated it. This gives investors a more detailed view of how cashback was calculated, which investments generated it, and how it contributes to the overall return.

The update also improves the Portfolio > Assets > Sold section. For repaid investments, investors can now see the Actual Return together with a clearer breakdown of the investment return and any cashback already paid in relation to that investment.

This does not change the cashback amount owed to investors. It only improves how cashback is displayed, making reporting clearer, more transparent, and easier to follow.

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.

More opportunities are already live on the platform, so your money can keep working for you.

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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.