Welcome to the NORMAX OTC DISTRESSED MORTGAGE OPPORTUNITY FUND, a highly specialised alternative investment vehicle designed to capitalise on pricing dislocations within the European mortgage market. Structured for professional and institutional investors, this fund provides access to a curated portfolio of distressed, real estate-backed debt instruments acquired at deep discounts, restructured with professional oversight, and managed for consistent cash flow and capital appreciation
With a target volume of €500 million, and an investment range of €100,000 to €10 million per client, the fund offers a compelling opportunity to gain exposure to real asset-backed credit markets through a disciplined, closed-end OTC structure, supported by full regulatory oversight and a modern digital participation framework.
The Fund targets non-performing residential and commercial mortgage loans (NPLs), restructured loans, and distressed real estate assets across Europe. By acquiring these assets well below their intrinsic value, our strategy creates a built-in margin of safety with significant upside potential.
We source distressed mortgage-backed assets directly from:
Assets are acquired at 30%–70% below nominal value, depending on asset quality, jurisdiction, and legal status.
Each asset undergoes a bespoke recovery strategy:
Our goal is to transform distressed loans into performing assets or stabilised real estate that can generate reliable cash flow.
Upon recovery and asset enhancement, we implement one of several exit routes:
This flexible exit strategy is designed to align with market cycles and optimise realisation value.
All fees and terms are detailed clearly in our Subscription Memorandum and outlined transparently during onboarding
All participation is secured via NRX Tokens, issued by NORMAX CAPITAL. Each token represents €100 of NAV and is:
Fully traceable and recorded on a secure blockchain ledger
Auditable and immutable, providing secure proof of ownership
Linked to investor entitlements for income and principal redemption
Managed via our Investor Portal, where token balances and performance data are available in real-time
The tokenisation process enhances efficiency, security, and compliance — offering you a cutting-edge structure without compromising on regulatory rigour.
Important Note:
NRX Tokens are not cryptocurrencies. They are digital securities representing legally binding rights in the Fund — including income, redemption, and reporting access. They can only be acquired directly through the NORMAX CAPITAL platform or its authorised representatives.
Once your investor eligibility is confirmed (as a professional, accredited or institutional investor), you will be invited to complete the Subscription Agreement, which outlines the number of NRX Tokens you intend to purchase.
Transfer your investment (minimum €100,000) to the designated Fund account. Each NRX Token is priced at €100, so a €100,000 investment would entitle you to 1,000 NRX Tokens.
Upon confirmation of funds, NORMAX CAPITAL issues your NRX Tokens and records your ownership on a secure, immutable blockchain ledger. These tokens are assigned to your registered digital wallet and are also viewable via our secure online portal.
Verifiable Ownership: Each token corresponds to a fixed interest in the Fund’s NAV.
Income Distribution: Tokens track your entitlements to annual interest payments from Year 1 or Year 2 (depending on subscription timing).
Capital Redemption: At maturity (Month 36), your principal is redeemed in full, based on the number of tokens held.
Secure & Compliant: All token transactions are subject to our AML/KYC framework and comply with EU private placement rules.
You can monitor your NRX Token balance, fund performance, upcoming distributions, and NAV updates in real time through your personalised investor dashboard.
Once your investor eligibility is confirmed (as a professional, accredited or institutional investor), you will be invited to complete the Subscription Agreement, which outlines the number of NRX Tokens you intend to purchase.
Transfer your investment (minimum €100,000) to the designated Fund account. Each NRX Token is priced at €100, so a €100,000 investment would entitle you to 1,000 NRX Tokens.
Upon confirmation of funds, NORMAX CAPITAL issues your NRX Tokens and records your ownership on a secure, immutable blockchain ledger. These tokens are assigned to your registered digital wallet and are also viewable via our secure online portal.
Verifiable Ownership: Each token corresponds to a fixed interest in the Fund’s NAV.
Income Distribution: Tokens track your entitlements to annual interest payments from Year 1 or Year 2 (depending on subscription timing).
Capital Redemption: At maturity (Month 36), your principal is redeemed in full, based on the number of tokens held.
Secure & Compliant: All token transactions are subject to our AML/KYC framework and comply with EU private placement rules.
You can monitor your NRX Token balance, fund performance, upcoming distributions, and NAV updates in real time through your personalised investor dashboard.
The fund is audited annually, and we maintain full alignment with AML/KYC obligations, EU investor protection frameworks, and Czech regulatory standards.
The fund is audited annually, and we maintain full alignment with AML/KYC obligations, EU investor protection frameworks, and Czech regulatory standards.
We focus on jurisdictions with legal clarity, mature mortgage markets, and active restructuring environments. These include:
Private wealth clients seeking real asset-backed opportunities
Family offices looking for inflation-resistant, non-correlated exposure
Professional and institutional investors with appetite for structured, distressed credit strategies
Corporate treasuries and foundations seeking predictable return over a defined horizon
All investors must meet the requirements of an accredited or professional investor under applicable EU regulations.
Quarterly performance reports
Annual financial audits by independent third parties
Investor dashboard access 24/7
Automated token-based interest distribution from Year 2
Final capital redemption in Month 36
At NORMAX CAPITAL, we understand that successful alternative investing requires more than identifying the opportunity — it requires executing it with discipline, transparency, and operational excellence.
The NORMAX OTC DISTRESSED MORTGAGE OPPORTUNITY FUND gives you access to a professional strategy that unlocks hidden value in the European mortgage market — with real asset security, defined returns, and a 36-month exit horizon.
If you are seeking an uncorrelated, yield-focused investment rooted in real collateral and run with institutional standards, we invite you to speak with us.
Restructure complexity into opportunity. Partner with NORMAX CAPITAL.
Request full documentation or schedule a consultation with our team today.
