Repayment – R097 House in Viladecavalls, Barcelona

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

This marks the 28th 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, €147,976 in principal and interest was repaid to investors from R097: House in Viladecavalls, Barcelona. This repayment affected the portfolios of 1,056 investors, representing 1.2% of all active Notes on the platform.

The annual average weighted ROI for this repayment reached 11.58% per annum, with individual annual returns ranging from 11.35% to 11.85% per annum, depending on when each investment was made.

Spotlight on the repaid debt: R097 House in Viladecavalls, Barcelona

At Indemo, every Discounted Debt investment is secured by real residential property in Spain. R097 was backed by a detached house in Viladecavalls, Barcelona, providing tangible collateral behind the recovery strategy.

The property is a residential house constructed in 1980, with a total area of 148 m². Located in Viladecavalls, a municipality in the province of Barcelona, the asset forms part of the residential real estate market surrounding Terrassa.

R097 was first listed on 17 June 2025 at Step 1, Claim Preparation, and reached repayment at Step 2, Claim Filing. This means the case was successfully resolved at an early stage of the legal recovery process, without the need to continue through the full foreclosure procedure.

Key figures

Repayment details

First listed date: 17 June 2025
Repayment date: 3 November 2026
Months to recovery: 17
Repayment amount: €147,976.90 (Principal + Interest)
Annual average weighted ROI: 11.58% p.a.
Annual return range: 11.35% to 11.85% p.a.

Investor impact

Investors affected: 1,056
Percentage of all active Notes affected: 1.2%

Flow and exit

Flow stage at listing: Step 1, Claim Preparation
Flow stage at repayment: Step 2, Claim Filing
Exit scenario: Out-of-court settlement with the debtor

Recovery scenario

The initial exit strategy for this case was based on judicial mortgage enforcement, including the preparation and filing of a foreclosure claim and progressing through the relevant court proceedings. This process was successfully initiated by our servicing partner.

At the same time, the servicing company was actively exploring opportunities to engage with the debtor and reach an out-of-court settlement.

An important factor driving the debtor's willingness to negotiate was the fact that the total outstanding debt had substantially exceeded the value of the underlying mortgaged property. Additionally, the debtor recognised that a professional creditor had already initiated active judicial enforcement proceedings, demonstrating a clear intention and capability to pursue recovery through the courts. These two factors created a strong incentive for the debtor to seek a negotiated resolution rather than allow the foreclosure process to progress further.

In December 2025, the first opportunity to resolve the case emerged. The debtor introduced a third-party buyer who was willing to acquire the outstanding debt and subsequently arrange the takeover of the underlying property independently.

The transaction was prepared for signing in March 2026. However, for reasons unknown to us, the prospective debt buyer eventually changed its decision and withdrew from the transaction.

Despite this setback, our servicing partner maintained communication with the debtor and continued exploring settlement opportunities. Eventually, the original buyer returned to the negotiations, and the relevant agreements were signed on 30 October 2026, resulting in the successful exit of the investment and repayment to investors on the Indemo platform.

This case once again demonstrates the flexibility and adaptability of our servicing partners' recovery strategies.

While judicial proceedings continue to progress, our servicing partners are constantly exploring alternative recovery and settlement opportunities to achieve an earlier exit from the underlying assets.

The ultimate objective is always to strike the right balance between speed of recovery and attractive investment returns, ensuring that investors benefit from efficient asset resolution without unnecessarily prolonging the investment horizon.

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.