My Credit:
20/09/2023
REVIEWS
Dario Bettinelli, COO and Co-founder of MyCredit, was interviewed by Pambianconews Real Estate on the topic of NPLs and how, in a shrinking economic cycle and with rising interest rates, the NPL market offers investment opportunities but also requires appropriate recovery strategies and adherence to business plans.
According to Bettinelli, although indicators show an increase in NPLs due to the prolonged macroeconomic situation, the Italian real estate market remains stable overall.
Currently, the value of loans under management at MyCredit amounts to EUR 350m and, in the last year, it has reached total investments of around EUR 100m.
Thanks to a network of about 1,000 brokers in the territory, MyCredit is able to assess asset by asset and perform a comprehensive, analytical on-site verification. The growth strategy is to steadily increase investments and to end the year with a further increase of around 20-30 million equity.
