Allan Saundersonis managing editor of PropertyFinance Europe and a contributor to GlobeSt.com.

MADRID-The Boston-based internet marketplace for loan tradingDebtX is opening an office in Madrid to exploit a growing demandfrom Spanish banks for a greater variety of options in real estateloans and property asset foreclosures (REO) amid the harshrecession.

DebtX has been working with financial institutions in Spain fortwo years, and opened the Madrid office to meet growing demand fromSpanish institutions to sell performing and non-performing loans.Other European operations include Germany, the United Kingdom andItaly.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.