We have completed another successful repayment on Indemo, continuing our track record of real estate-backed recoveries.
This marks the 22nd Debt Repayment in Indemo’s debt portfolio and another important milestone in 2026, reinforcing the reliability of our Discounted Debt model and the performance it continues to deliver to our investor community.
This time, €257,921.89 in principal and interest was repaid to investors from R131: House in Terrassa, Barcelona. This repayment affected the portfolios of 1,743 investors, representing 3.4% of all active Notes on the platform.
The annual average weighted ROI for this repayment reached 16.28% per annum, with individual annual returns ranging from 15.10% to 42.28% per annum, depending on when each investment was made.
Spotlight on the repaid debt: R131 – House in Terrassa, Barcelona
At Indemo, every Discounted Debt investment is secured by real residential property in Spain. R131 was backed by a 477 m² house in Terrassa, Barcelona, built in 1972, providing tangible collateral behind the recovery strategy.
R131 was first listed on 9 September 2025 at Step 10, Auction Preparation, and reached repayment at Step 15, Closing the Auction. This means the case had already progressed into the late auction-related part of the recovery process when the final exit route was selected.
Key figures
Repayment details
- Repayment date: 30 June 2026
- Repayment amount: €257,921.89 (Principal + Interest)
- Annual average weighted ROI: 16.28% p.a.
- Annual return range: 15.10% to 42.28% p.a.
Investor impact
- Investors affected: 1,743
- Percentage of all active Notes affected: 3.4%
Flow and exit
- Flow stage at listing: Step 10, Auction Preparation
- Flow stage at repayment: Step 15, Closing the Auction
- Exit scenario: Property discounted sale to a professional real estate buyer
Recovery scenario
The goal of the post-possession asset management process is to prepare the property for sale in a way that supports the best achievable market price and improves the chances of a successful transaction.
In the case of R131, after gaining access to the property following the completed auction, the servicing company identified that the asset was in very poor condition and would require significant CAPEX and renovation investment in order to be sold closer to its market value. Instead of committing additional time and effort to attracting such capital for a lengthy renovation process, the servicing company chose a more efficient exit route: a discounted sale to a professional real estate flipper, for whom this type of asset is part of their core business.
This approach allowed the case to be closed significantly faster than the target timeline — in just 10 months — while still achieving the targeted return outcome for the investor community. A strong debt recovery rate of 93% was also achieved, further supporting the effectiveness of the selected exit strategy, especially considering the total debt amount of €280,000 and the initial PTD of 82.1%.
This repayment is another example of Indemo’s core recovery principle: maximising achievable profit within the shortest realistic timeframe.
The servicing company’s role is to apply a balanced recovery strategy that takes into account different investor expectations. Some investors may prioritise the maximum possible return regardless of timing, while others may value a shorter recovery period, even if this means accepting a lower overall yield.
In this case, the condition of the property made a longer renovation-based strategy less attractive. By selling the asset to a professional real estate buyer, the servicing company was able to secure a timely exit, avoid additional renovation uncertainty, and still deliver an annual average weighted ROI of 16.28% p.a., above Indemo’s target return level.
This outcome demonstrates the value of having flexible recovery routes and an experienced servicing team capable of adapting the strategy to the actual condition of the asset and the most realistic market outcome.
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.