Repayment – R013 Apartment at Plaza Pi i Maragall

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

This marks the 25th Debt Repayment in Indemo’s debt portfolio, making it a jubilee milestone in Indemo’s repayment history. Each completed repayment adds another proof point to the reliability of our Discounted Debt model and the performance it continues to deliver to our investor community.

This time, €224,997 in principal and interest was repaid to investors from R013: Apartment at Plaza Pi i Maragall, Barcelona. This repayment affected the portfolios of 1,327 investors, representing 4.6% of all active Notes on the platform.

The annual average weighted ROI for this repayment reached 12.58% per annum, with individual annual returns ranging from 12.36% to 15.23% per annum, depending on when each investment was made.

Spotlight on the repaid debt: R013 Apartment at Plaza Pi i Maragall, Barcelona

At Indemo, every Discounted Debt investment is secured by real residential property in Spain. R013 was backed by an apartment at Plaza Pi i Maragall, providing tangible collateral behind the recovery strategy.

The asset is a two-bedroom apartment located in the heart of Mataró, a major suburb of Barcelona. Situated just moments from the seafront, the property features a large terrace offering open, unobstructed views over a small park.The flat is housed in a building equipped with an elevator and is positioned within a vibrant, densely populated residential area.

R013 was first listed on 7 August 2024 at Step 4, Cargo Certificate Collection, and reached repayment at Step 10, Auction Preparation. This means the case had already progressed through several important steps in the legal recovery flow before the final exit route was selected.

Key figures

Repayment details

Repayment date: 1 September 2026
Repayment amount: €224,997 (Principal + Interest)
Annual average weighted ROI: 12.58% p.a.
Annual return range: 12.36% to 15.23% p.a.

Investor impact

Investors affected: 1,327
Percentage of all active Notes affected: 4.6%

Flow and exit

Flow stage at listing: Step 4, Cargo Certificate Collection
Flow stage at repayment: Step 10, Auction Preparation
Exit scenario: Sale on the secondary market

Recovery scenario

This repayment was facilitated through a sale on the secondary market, one of the key exit routes in Indemo’s recovery model.

In this case, the servicing company was able to move the debt from Cargo Certificate Collection to Auction Preparation, strengthening the legal recovery position before selecting the most efficient exit route. As the process progressed, the asset became more attractive for a potential sale on the institutional secondary market.

Instead of continuing through every stage of the full legal process left, the servicing company chose a secondary market sale once it became the most practical and beneficial outcome for investors to reach the target return within the target timeline.

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.

The goal of the servicing company is to apply a balanced approach so that both groups of Indemo investors are considered: those who prioritize maximum return regardless of timing, and those who value a shorter recovery period, even if that means accepting a lower yield.

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.This demonstrates the value of having flexible recovery routes.

Depending on the legal stage, market demand, court timeline, and asset profile, the servicing company can choose the route that best supports investor outcomes within a realistic timeframe.

A jubilee milestone in Indemo’s repayment history

The repayment of R013 marks Indemo’s 25th completed Discounted Debt repayment.

This is an important milestone for the platform and the investor community. Every repayment helps build a clearer track record of how the Discounted Debt model performs across different cases, timelines, legal stages, and exit scenarios.

Some cases move through more of the legal recovery flow. Others are resolved through secondary market sales or settlement-based exits. Together, they show the importance of a flexible recovery model supported by real estate collateral, professional servicing, and case-by-case decision-making.

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

In Q2, we 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.