As of December 3rd, an innovative new platform facilitating the origination of and investment in Dutch mortgage loans established by Dynamic Credit is live. By assisting Dynamic Credit, NautaDutilh has now assisted four out of the five of the new entrants to the mortgage market.
Pursuant to the platform, which is also referred to as the Collective Mandate Programme, investors can invest in mortgage loans granted to Dutch consumers under the label 'bijBouwe', both through the channel of intermediaries and 'execution only'. Each investor can select what type of mortgage loan it wishes to invest in.
The Collective Mandate Programme is the first programme in the Netherlands that combines direct investments and investments via a mutual fund (an 'FGR', fonds voor gemene rekening). The platform offers operational and tax benefits to pension funds that wish to invest in mortgages and is therefore suitable for all types of institutional investors, including pension funds and insurance companies. Also, the platform enables consumers to get a mortgage loan without the intermediary of a bank or an advisor. Dynamic Credit will manage the portfolio, supervise the allocation of the mortgage loans and assist with the day to day management of the Originator. Quion will assume responsibility for the complete administrative settlement and servicing of the mortgage loans.