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Balbec Capital acquires NPL portfolio from Unipol ReC for EUR 22 million



Milan, 3rd November 2021 - Balbec Capital LP, a private investment company operating on a global scale, has acquired from Unipol ReC a €22 million secured NPL portfolio composed of 50% accommodation facilities (mainly hotels and tourist residences) and the remainder of residential properties. 

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 special servicer, through its method based on territoriality and its ability to act as a bridge between the financial and real estate worlds.  

This is the fifth operation that sees the collaboration between Balbec Capital and My Credit since February 2020, for a total GBV value of managed that is close to 60 million euros.

The master servicer chosen for the operation is Banca Finint.