Diglo, the servicing unit of Banco Santander, has put €40 million of non-performing loans (NPLs) up for sale on its online credit sales platform.

The offer includes 258 NPLs secured by residential, commercial, and industrial properties across Spain. According to the company, these assets present “investment opportunities” in mortgage-backed debt.

Previously, purchasing unpaid mortgage loans was mainly for specialist investors, but Diglo says its platform now allows both institutional and individual investors to participate.

Available loans include judicial foreclosure claims and unpaid mortgages, offered at discounts to market value that could generate attractive medium-term returns on tangible assets.

“With our Credit Sales portal, any investor can quickly and transparently access opportunities in non-performing loans, explore the characteristics of each NPL, and manage their investments with complete security. Our goal is to provide an intuitive and efficient process that makes investment in secured credit accessible to everyone,” said Ángel Rubio, Diglo’s Head of NPLs.

Diglo states that investors can review each loan’s details and complete purchases digitally. The company also assists buyers from initial evaluation through to closing.

Original Story: Forbes | Author: Forbes / EP
Translation and edition: Prime Yield