We have completed another successful repayment on Indemo, continuing our track record of real estate-backed recoveries.
This marks the 21st Debt Repayment in Indemo’s debt portfolio and the 6th in 2026, reinforcing the reliability of our Discounted Debt model and the performance it continues to deliver to our investor community.
This time, €144,898.09 in principal and interest was repaid to investors from R179: House in Barcelona. This repayment affected the portfolios of 685 investors, representing 0.8% of all active Notes on the platform.
The annual average weighted ROI for this repayment reached 15.98% per annum, with individual annual returns ranging from 14.55% to 32.27% per annum, depending on when each investment was made.
Spotlight on the repaid debt: R179 House in Barcelona
At Indemo, every Discounted Debt investment is secured by real residential property in Spain. R179 was backed by a house in Rajadell, Barcelona, providing tangible collateral behind the recovery strategy.
It was first listed on 11 November 2025 at Step 1, Claim Preparation, and reached repayment at Step 4, Cargo Certificate Collection, showing efficient progress early in the legal flow while still allowing for the most effective realisation route.
This repayment is also a milestone for Indemo, as it is the first repayment under the new “1 Note : 1 Debt” product, strengthening transparency and one-to-one linkage between Notes and the underlying debt.
Key figures
Repayment details
- Repayment date: 3 June 2026
- Repayment amount: €144,898.09 (Principal + Interest)
- Annual average weighted ROI: 15.98% p.a.
- Annual return range: 14.55% to 32.27% p.a.
Investor impact
- Investors affected: 685
- Percentage of all active Notes affected: 0.8%
Flow and exit
- Flow stage at listing: Step 1, Claim Preparation
- Flow stage at repayment: Step 4, Cargo Certificate Collection
- Exit scenario: Sale on the 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 has been actively progressing with the initial steps of the foreclosure proceedings in court. In May 2026, the debt purchase registration, or subrogation phase, was successfully completed, allowing the foreclosure process to move forward at full speed. The process has now reached the stage where the court requests the Certificate of Ownership and Charges from the Property Registry. This document confirms the registered ownership of the property, any existing mortgages or other encumbrances, and whether the mortgage being enforced remains valid and uncancelled.
As the process progressed, the asset became more attractive for a potential sale on the institutional secondary market, even though the case was still 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 7-month horizon, which was significantly shorter than the target recovery timeline, while still achieving an attractive outcome in line with Indemo’s recovery approach.
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.
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.