04/02/2021
RELEASESCapital with My Credit for the acquisition of an NPL portfolio from BCC Centropadana
Milan, February 4, 2021 - Balbec Capital LP, a private investment company operating on a global scale, has acquired through the securitization vehicle Duomo SPV, a portfolio of NPL loans for a GBV value of € 5,200,00.00 from BCC Centropadana.
The portfolio, consisting of mainly secured loans with underlying real estate, will be managed entirely, as a special servicer, by My Credit SpA, a company specialized in the valorization of NPL and Utp assets and portfolios, through the management method based on territoriality (over 1100 brokers active in Italy) and the ability to manage a combination between the financial and real estate world.
The master servicer chosen for the management of the portfolio is Banca Finint).
Here attached the press review
08/10/2020
RELEASESMyCredit together with Balbec Capital has acquired a portfolio of NPL loans from BCC Agrobresciano
Milan, 8 October 2020 - MyCredit SpA, a company specialized in the investment and enhancement of NPL and Utp assets and portfolios, and Balbec Capital LP, a private investment company operating on a global scale, announce that they have acquired from BCC Agrobresciano a portfolio of NPL credits with a GBV of € 10 million, almost entirely Secured and guaranteed by residential assets.
The Master servicer chosen to manage the portfolio is Securitisation Services S.p.A., while MyCredit S.p.A. will operate as subservicer.
10/09/2020
REVIEWSMyCredit, the challenge to the real estate NPL market starts from Brescia
Mirko R. Tramontano, CEO of My Credit - Make Your Credit SpA, was interviewed by Roberto Ragazzi for the newspaper " Il Giornale di Brescia" During the interview, an overview of the My Credit universe was presented, with a focus on the method used and on the non-performing loan market.
By clicking here you can download the interview in PDF format
23/07/2020
REVIEWSWhat might be the future for Italian real estate after the coronavirus pandemia?
Valentina Magri collected for BeBeez International the forecasts of some relevant companies in the real estate sector on the market trend after the current crisis.
MyCredit has contributed with a research, which shows that 52.4% of professionals in the sector expect a drop in prices, while 47.6% assume that after an initial decline, the market will recover the trend of the previous period the crisis.
MyCredit's forecasts are in line with those of Nomisma, which expects a drop in sales in the residential sector due to the squeeze on mortgages by banks.
20/05/2020
REVIEWSFalling demands and prices. The interest in the NPL business is growing
A MyCredit survey of 500 brokers identifies, at least in the short to medium term, a general decline in trading and prices. Only the quality residential will keep. Increases the interest in the "balance and excerpt".
Laura Cavestri interviewed our CEO Mirko Tramontano for the newspaper "Il Sole 24 Ore".
11/02/2020
REVIEWSMyCredit, the start-up that relaunches deteriorated real estate assets
Laura Cavestri interviewed for the newspaper Il Sole 24 Ore, Mirko Tramontano, CEO of MyCredit.
