Balbec Capital assisted by My Credit acquires assets from Unipol, Cassapadana and Centropadana for EUR 7 million
My Credit will manage the portfolios as special servicer
Milan, 8th September 2021 - "Andromeda" is the name given to the transaction that led to the acquisition of three NPL portfolios by Balbec Capital LP, a private investment company operating on a global scale. My Credit S.p.A., a company specialized in the valorization of NPL and Utp assets and portfolios, in addition to having coordinated the origination of the transaction, will manage the portfolios as a special servicer, through its method based on territoriality and its ability to act as a bridge between the financial and real estate worlds.
The master servicer chosen for the operation is Banca Finint.
The three portfolios, mainly secured with underlying residential real estate, have a total GBV of 7 million euro.
Transferring banks: Unipol ReC, BCC Cassapadana, BCC Centropadana.