Alternative finance company VIA SMS Group is looking to expand its business scope and plans to enter the bridge lending segment by financing mortgage-backed non-performing real estate loans in Spain. The aim of the business loan is to finance new business direction by offering VIAINVEST investors to participate in the venture. The business loan will be issued to the GINAMSUN TRADE, S.L. Unipersonal, with Spanish tax identification number C.I.F B-67551242, based in Barcelona, Pau Claris 162, 4º, 1ª, incorporated for an indefinite term by means of deed executed before the notary public Don Salvador Farrés Reig, on December 3, 2019, record number 1937, registered in the Registrar of Companies of Barcelona, volume 47175, document 104, page B-543620, 1st entry, which aims to acquire non-performing mortgage loans in Spain where liabilities are planned to be covered by realizing the pledge. The venture will be carried out in cooperation with ATLAN ADVANCE MANAGEMENT SL (ATLAN) which is licensed as a real estate credit intermediary (INTERMEDIARIO DE CRÉDITO INMOBILIARIO) by the Bank of Spain (Banco de Espana) in accordance with the Act 5/2019, of 15 March, regulating real estate credit agreements. All activities of ATLAN are supervised and controlled by the Bank of Spain. ATLAN provides clients and investors an access to credit and real estate assets in Spain through the tailored credit solutions, including credit portfolio management, credit administration, agency services, legal services, securitization services and collateral administration. ATLAN will ensure transaction management as well as technological partner Idealista - the largest real estate website in Southern Europe which will ensure in-depth market analysis for real estate realization related decision making. ATLAN is also a member of AIF (Association of Investment Advisory Professionals).
International Monetary Fund states that the issued loan is considered non-performing if debtors have not paid interest and/or principal payments in at least 90 days or more; interest payments equal to 90 days or more have been capitalized, refinanced, or delayed by agreement or payments have been delayed by less than 90 days, but come with high uncertainty or no certainty the debtor will make payments in the future. Banks usually sell non-performing loans (NPLs) to other investors in order to rid themselves of risky assets. Banks in some countries (Spain is the most notable example here) have been relatively successful in managing down their NPLs. This has generally relied on intensive workouts by these banks, access (by banks and investors) to external specialised NPL servicers, a mature and reasonably active NPL market into which banks can sell or securitise their NPLs, a reasonably well-developed ability for investors to value and to realise collateral and a national AMC willing and able to purchase large amounts of NPLs or whole portfolios of an asset class.
To make this site work properly, we sometimes place small data files called
cookies on your device. Most of the big websites do this too.
What are cookies?
A cookie is a small text file that a website saves on your computer or
mobile device when you visit the site. It enables the website to remember
your actions and preferences (such as login, language, font size and other
display preferences) over a period of time, so you don’t have to keep
re-entering them whenever you come back to the site or browse from one page
|PHPSESSID||www.viasmsgroup.com||/||When browser session ends||Viasmsgroup.com||Viasmsgroup.com uses this cookie to record the beginning of
the visitor session
|__utma||Google inc.||/||2 years||GA||Google services tracking cookie|
|_utmc||Google inc.||/||When browser session ends||GA||Google services tracking cookie|
|__utmz||Google inc.||/||6 months||GA||Google services tracking cookie|
|_ga||Google inc.||/||2 years||GA||Google services tracking cookie|
|cookie_alert||www.viasmsgroup.com||/||33 years||GA||In order to track visitors who have agreed to the
How to control cookies
You can control and/or delete cookies as you wish – for
details, see aboutcookies.org.
You can delete all cookies that are already on your computer and you can
set most browsers to prevent them from being placed. If you do this,
however, you may have to manually adjust some preferences every time you
visit a site and some services and functionalities may not work.
You should also
implement the Cookie Consent Kit on this page. More info on the
CCK documentation page
This privacy disclaimer determines VIA SMS Group (hereinafter – ” VIA SMS
VIA SMS Group website visitors’ personal data protection is provided in
accordance with the existing laws and regulations of the Republic of
Latvia. We have taken all necessary measures to ensure the security of
personal data and avoid undue access by third parties.
The information obtained about visitors using the VIA SMS Group website is
processed in accordance with its obtaining purpose to ensure services. VIA
SMS Group carefully evaluates any innovation to ensure that it is
consistent with the appropriate user privacy and safety policy.
When operating the website, VIA SMS Group operates according to the website
user privacy protection policy. VIA SMS Group services meet strict
standards of confidentiality and practice. Any personal data management is
carried out responsibly.
VIA SMS Group fully respects your right to privacy of the and will not
perform additional processing of your personal data without your consent.
Any personal information you voluntarily provide VIA SMS Group, will be
handled in strict accordance with the Latvian Personal Data Protection Law.
We are not responsible for the content or the privacy practices of other
websites. Any other external links to other websites are clearly
To ensure data protection when making payments with a payment card, VIA SMS
Group website uses SSL (Secure Soсkets Layer) standard security
Website Terms and Conditions
These Website Terms and Conditions are applicable to JSC “VIA SMS group”, registration no. 40003901472, website www.viasmsgroup.com.
Website content owner contact information:
13 January street 3, Riga, Latvia, LV-1050
Visiting VIA SMS group website or using the information provided therein, you confirm to comply with these Terms and Conditions.
VIA SMS group website with address www.viasmsgroup.com is the only official website of the company. The information contained within the VIA SMS Group website is genuine and meets the standards for secure information. The purpose of the information published on VIA SMS group website is to inform its visitors about commercial activities of VIA SMS group and its affiliates.
Information on the website can be modified or removed without previous notice at any time.
The company is not liable if the website is not available to the user for reasons VIA SMS Group cannot influence. VIA SMS Group is not liable for any costs, losses or damages (direct, indirect, incidental, lost profits, etc.), which arise for the user in any way connected with the use or attendance of the website.
VIA SMS group maintains the website and ensures its functionality in accordance with regulatory acts effective in the Republic of Latvia. All disputes arising from these Terms and Conditions and use of the website are solely solvable within jurisdiction of the courts of the Republic of Latvia.