LynxCap successfully completes yet another transaction in Spain, acquiring an NPL portfolio comprising of non-performing real estate secured loans as well as real estate owned (REO) properties.
09 Oct 2024LynxCap Investments AG, a Swiss-based specialist in the acquisition of real estate secured claims, in partnership with New York-based MHR Fund Management LLC, is pleased to announce the successful acquisition of a portfolio of real estate secured claims from a European commercial bank. The portfolio includes non-performing real estate secured loans as well as real estate owned (REO) properties, consisting primarily of residential assets in the Spanish market. GCV (gross collection value) together with MV (market value) of REO’s is 21.5 MEUR.
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