First deal of the year in the NPL market for ARC Real Estate. On January 20th, ARC finalized the acquisition from Banca di Credito Cooperativo Basso Sebino of a NPL portfolio with a Gross Book Value (GBV) of € 3,2 million.
The new year has started with a big step forward in the Non Performing Loan market, in which ARC continues to consolidate its position. 2020 has, in fact, represented a great beginning and a turning point for these new activities, a truly pivotal year considering the emission of the minibond, occurred precisely to support the development of the new business.
"We are proud of our growth in the indusrty" has affirmed the CEO of ARC, Massimiliano De Castro, "In just over 12 months we acquired three different portfolios, increasing the asset under management, and we aim to constantly raise the volumes. The company's historic know-how has been essential fot the creation of the new processes and activities, and we are very satisfied with the previous operations' performance."
The future growth will be mainly sustained by the investment linked to the minibond, the offer period of which will end on March 28th. "The world is experiencing a peculiar time, which still offers many opportunities in the distressed credit market." has stated Mr. De Castro, "We will use the minibond, effective alternaitve to the traditional funding channels, to expedite the achievement of our growth objectives. We have considered the market as an anchor investor seeking out optimal returns, who would understand the asset class of NPLs."
Thanks for your constant support
The team of ARC Real Estate
