My Credit: the connector between financial and real estate markets

My Credit S.p.A. is a company specialized in the investment and management of NPL and UTP secured portfolios, with the aim and task of creating a connection between the financial and real estate sectors.

My Credit method

#ActingLocal:
In MyCredit, the management of NPLs takes place through a territorial approach by carrying out concrete market researches on the marketability of properties. The expert evaluation is an important technical element, but it is the real price indicated by the market which really makes the difference.
#Coaching
At MyCredit, the management of NPLs takes place through a supportive approach that involves direct contact with the debtor and a planned step-by-step procedure. It is therefore possible to bridge the gap between the transfer value and the real market value of the collateral, through a customized method called Coaching.

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news

28/09/2024

Former Red Arrow restarts with My Credit. The center awarded for 16.4 million

BRESCIA. It will no longer be called Red Arrow. And it will no longer be a shopping mall. MyCredit's goal is to create an international attraction and service center in Brescia that pivots on the city's cultural and tourist vocation. The auction within the bankruptcy proceedings of Freccia Rossa Shopping Centre spa took place yesterday in Milan, and the group led by Mirko Tra-montano-through its subsidiary Horus srl-won “Lot number 1,” that is, the property used as a shopping center (120 ne-gozi, restaurant area, multiplex cinema) for an amount of 16.4 million euros. This award follows the one last June (Lot 2) of the property housing the Virgin Active gym.

The full article is available here

21/06/2024

CreditWeek 2024 – Interview with Mirko Tramontano – CEO MyCredit

At CreditWeek 2024 we also talked about non-performing loans and an all-round assessment of the NPL sector was drawn.

Forecasts are for an increase in non-performing loans. The reason? According to Mirko Tramontano, CEO of MyCredit, due to the increase in interest rates and the succession of multiple national and international crises (especially from 2020 onwards).

Not only that: there also remains a large amount of unsold stock on the market. From the point of view of secured loans (linked to real estate), however, one can imagine greater suffering for families and small businesses.

Find out more by watching the full interview.

22/05/2024

Rent To Buy: This is how I save my mortgage

On L'Economia del Corriere della Sera, there is an in-depth article on ‘My Social Impact’, the social securitisation initiative launched by MyCredit to help families and businesses meet their financial commitments on mortgages and allow banks to reduce the NPE ratio, the ratio of impaired loans to the total amount of loans disbursed.

Mirko Tramontano, CEO of MyCredit, explained that the impaired loans covered by the initiative are mainly related to mortgages of Italian households and small businesses.
The social securitisation initiative, thanks to the involvement of different institutions, becomes a replicable and sustainable tool over time.

The full article is available here.

24/04/2024

Default risk, analysts' alarm for Italian businesses - Interview with Mirko Tramontano on Quotidiano Nazionale.

On Quotidiano Nazionale, an interesting article by Giorgio Costa discusses the current macroeconomic scenario in Italy, marked by continuously rising inflation, growing geopolitical tensions, and an increase in ancillary costs and raw materials.

In this context, Italian businesses are facing increasingly complex challenges, with the risk of default steadily rising: according to the latest Credit Outlook 2024 from Cerved Rating Agency, released last December, this rate has risen to 6.22%.

Compared to three years ago, the number of companies with a positive rating has decreased, while the number of companies with a high risk of insolvency has increased.

Mirko Tramontano, CEO of MyCredit, highlighted that "2024 has opened with great willingness on the part of Italian businesses to improve their market positioning. It is essential that this constructive approach, aimed at recovering ground lost during the period of increased ECB interest rates, is combined with an ability to structure themselves more effectively to attract capital and enable sustainable growth. If we then look at the Real Estate sector, as well as the tourist real estate sector, we have daily evidence of great resilience and strong interest in investing with capital from both Italian and foreign sources: this demonstrates the excellent resilience of these sectors, which are destined for a recovery in volumes first and values later, with obvious benefits for sector companies, provided they are able to adapt their quality standards to current market demands."

The full article is available at the following link