Special Focused Flow Stages Update - R157
As part of our ongoing commitment to transparency and timely investor communication, we’re sharing a focused update on one notable case in our portfolio: R157.
R157 has been progressing through the auction route in line with the planned exit strategy. The servicing company has now confirmed that the auction has officially closed and that the next step is taking possession of the property. In Spanish mortgage foreclosures, when the total secured debt exceeds the property’s market value, creditors can often be awarded the asset through court adjudication, obtain possession, and move into a more controlled recovery phase via a direct market sale. This is a structured and expected outcome in certain auction scenarios and positions R157 for the next, more predictable stage of recovery.
🏡 R157 – House in Alicante
Overview
- First listed on Indemo: October 6, 2025
- Investment Price: €315,000
- Appraisal Value (when listed): €464,509
- Price to Value (PTV): 67.8%
- Total Debt: €483,136
- Price to Debt (PTD): 65.2%
- Size: 586 m²
- Year Constructed: 2007
Recovery Progress
- Old Recovery Stage: Auction Preparation (Step 10)
- New Recovery Stage: Closing the Auction (Step 15)
Current market value
Range of €530,597 - €675,321 according to Idealista big data report
What Does This Mean for Investors?
The auction process for R157 has now concluded. In practical terms, this outcome typically allows the servicing company to shift to “active execution”, focusing on actions such as:
- formalizing the ownership and possession title following the closed auction,
- preparing the asset for a structured exit,
- and moving forward with a sales strategy that is aligned with market benchmarks and investor outcome targets.
Once the sale is completed, it will be processed as a debt repayment event, and proceeds will be settled to investors’ accounts in line with Indemo’s standard procedures.
We will continue to monitor R157 closely and share further updates as the post-auction steps progress.
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