

Bufr Investeringsfonds B.V. is the fund manager of Bufr, a Heerenveen lender that funds business mortgages on Dutch commercial real estate with money from private investors. It is AFM-registered under the light regime (art. 2:66a Wft) without a licence and runs the Bufr mortgage funds; Bufr B.V. also arranges 1-on-1 loans.
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Private Credit, Commercial Real Estate Mortgages
Bufr, based in Heerenveen, finances business mortgages on Dutch commercial real estate with money from private investors instead of a bank. Investors can join a pooled fund managed by Bufr Investeringsfonds B.V., currently Bufr Fonds Vastgoedhypotheken 4, or finance a single mortgage in their own name through the 1-on-1 route arranged by Bufr B.V. The fund manager is registered with the AFM under the light regime of article 2:66a Wft and holds no AFM licence.
Funds in AFM Register
5
Register of light managers, 25 September 2026
Current Fund
Fund 4
Prognosed 6.25% p.a., from EUR 100,000
1-on-1 Rates
6% - 8%
Range quoted by Bufr, September 2026
Minimum
EUR 100,000
Both routes
Maximum LTV
75%
Bufr lending policy; 70% per loan in Fund 4
Supervision
AFM light
Registration art. 2:66a Wft, no licence
| Fund Manager | Bufr Investeringsfonds B.V. |
| Operating Company | Bufr B.V., KvK 82482861, Abe Lenstra Boulevard 10, Heerenveen |
| Group | Part of the Rotero group, per Bufr |
| Supervision | AIFMD light registration (art. 2:66a Wft); outside AFM conduct and prudential supervision |
| Funds | Fryslân Hypotheken Fonds, Bufr Investeringsfonds I and 2, Bufr Fonds Vastgoedhypotheken 3 and 4 |
| Lending | Netherlands only; interest-only business mortgages from EUR 100,000 |
Points to weigh. Neither the fund manager nor Bufr B.V. is supervised by the AFM, and the fund terms and costs are only shared after registering interest. Bufr publishes no fund sizes, loan volumes or audited default figures; its statements that earlier funds paid all interest and had no defaults are its own. All lending is concentrated in Dutch commercial real estate on interest-only terms.
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