Last Updated: 17.06.2019.

Loans Originated
€ 28 M
Loan portfolio
€ 4.6 M
Buyback Guarantee
With a buyback guaranteeWithout a buyback guarantee
Skin in the Game
Average Interest %
Founded: 2016
Employees: 12
Joined Mintos: 11.07.2018
Loan Type: Mortgage Loan
Country: Spain
Currency: EUR
Effective APR charged to borrowers: 14%-17%
Loans Outstanding on Mintos: € 1 636 424
Schedule extension: No


FIREOF Management (FIREOF) is an asset secured lending business whose mission is to provide a non-banking finance bridge to Spanish clients using the existing distribution channels. The company is a fully licensed and audited lending institution that operates a B2B model providing credit products through established intermediary brokers. This strategy allows FIREOF to scale its business faster than single origination models, turning the potential competitors into allocation partners. Its lending scoring, proprietary servicing network and zero friction application flow allows FIREOF to rapidly grow the origination portfolio. 

The special purpose vehicles used for Mintos investors, FIREOF DM SL and Collateral Investments SL were incorporated in 2016 and 2015, while the holding company has been operating in real estate lending since 2009. FIREOF DM SL and Collateral Investments SL as pure cashflow SPVs have no employees nor liabilities except from Mintos investors assignments and its own equity investors and shareholders, adding an extra layer of security for investors on Mintos. FIREOF has eight full-time highly qualified senior employees with a total experience of more than 100 years in the Spanish real estate lending business.

Last Updated: 12.06.2019

Last Updated: 12.06.2019

Last Updated: 07.07.2018

Risk Categories

Here you can see all of the Fireof risk categories on the Mintos marketplace
Risk categoryInterest rateEst. annual bad debt rate
AAA5.00% – 6.00%0.63% – 0.70%
AA5.50% – 6.50%0.95% – 1.04%
A6.00% – 7.00%3.76% – 4.15%
BBB6.50% – 7.50%5.04% – 5.57%
BB-5.79% – 6.40%
B-7.24% – 8.00%
C-9.78% – 10.81%