NautaDutilh assisted Dynamic Credit with the setup of an innovative platform for investments in Dutch mortgage loans under the label "bijBouwe".
Early December, Dynamic Credit launched the setup of an innovative platform for investments in Dutch mortgage loans under the label "bijBouwe" (see www.bijbouwe.nl). Pursuant to the platform, which is also referred to as the Collective Mandate Programme (the "Collective Mandate"), investors can invest in mortgage loans granted to Dutch consumers, 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 is the first programme in the Netherlands that combines direct investments and investments via a mutual fund (a 'FGR', fonds voor gemene rekening). The platform is suitable for all types of institutional investors, including pension funds and insurance companies, and offers operational and tax benefits. 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, will supervise the allocation of the mortgage loans and will 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.