Spain: Forclosures and non-performing loans- Opportunity?

[Javier De la Rosa]

Hi there,

I used to work in a consultancy advising banks and funds buying/selling portfolios of non-performing loans. I am no longer in the NPL industry as I am back to the family business, working on deals of a much smaller scale.

However, I still have few contacts and talking to them, there may still be opportunities to buy small portfolios of non-performing loans in Spain as well as portfolios of forclosed real estate assets.

Would any of you think this could be worth further discussing? What would you be more interested in, NPLs or REOs?

Thanks.

Javier