Debitos sells real estate assets
Frankfurt, 1st November 2018
Debitos GmbH introduces a new trading class: From now on, the Frankfurt B2B credit marketplace allows real estate portfolios to be auctioned online to its broad investor network. The company started in 2013 as a mere secondary market for bad loans – now loans of all kinds are sold through Debitos, such as peforming loans, syndicated loans and now also real estate assets. “The inquiries from the seller side as well as from the buyer side have increased in recent months. Therefore, after careful consideration, we have decided to take this step now. As of now, real estate transactions from Italy, Spain, Greece and Germany worth more than € 100 Mio. are currently running on our marketplace,” said Debitos founder and CEO Timur Peters.
The demand for real estate investments is very high at the moment. Well-known major investors are currently very interested in such assets from the European crisis countries.
Banks are currently the preferred option as sellers of real estate portfolios, because the financial institutions are in a forced move. “Since the beginning of the financial crisis, many banks have raised real estate portfolios from foreclosures. They are now desperately looking for foreign investors, because in many countries there is no functioning real estate market. We like to take this work off their hands,“explained Peters. But Debitos is not only in close exchange with banks, the Frankfurt fintech company now cooperates with real estate asset managers in all parts of Europe. “Over the past months and years, we have built a broad network that we can now benefit from,” said Debitos Managing Director Peter Riedel.
Debitos is an online marketplace which enables companies, banks and funds to sell their credit exposures on the market through its open and transparent auction-based online transaction platform. The platform leverages on the digitalization of the entire sale process and can reduce the expected disposal timing to 3-8 weeks compared to 3-6 months of the traditional process. Debitos was founded in Frankfurt in 2010 and has since concluded more than 260 online transactions with a total gross book value in excess of €4bn. By now more than 550 investors from all over the world have registered with Debitos.
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