Mogelijk Zakelijke Hypotheken Fonds 21
Managed by Mogelijk Fondsenbeheer B.V.
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Mogelijk Zakelijke Hypotheken Fonds 21
Key Statistics
Target Return
6.3%
Launch Year
2026
Min. Investment
€25,000
Availability
Open for public
Structure
FGR
Product Category
Closed-end
Domicile
Netherlands
GP Type
Single
Liquidity Level
Medium (1-5 years)
Management Fee
0.7%
Carry
10% of outperformance above the 6.25% prognosed distribution (90/10 split in favour of investors)
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
No interim redemptions
Highlights
Allocations
Investment Strategy
Industry Focus
Information about fund
About Mogelijk Zakelijke Hypotheken Fonds 21
Mogelijk Zakelijke Hypotheken Fonds 21 is the twenty-first fund in the commercial mortgage fund series of Mogelijk Fondsenbeheer B.V., the AFM-licensed fund manager of Dutch real estate financier Mogelijk Vastgoedfinancieringen. The fund pools investor capital and extends multiple commercial mortgage loans to entrepreneurs, each secured by a first mortgage right on the underlying property. The subscription period opened on 31 August 2026 and closes on 9 October 2026; the first monthly distribution is scheduled for 4 December 2026. Across the fund series, 4,027 investors had placed over EUR 738 million as of September 2026.
Key Figures
Prognosed distribution
6.25%
Per year, paid monthly; a projection, not a guaranteed return
Minimum participation
EUR 25,000
Retail investors in the Netherlands
Term
5 years
Closed-end; no interim redemptions
Management fee
0.7%
Per year over the amount invested, reflected in the prognosis
Terms
| Minimum participation | EUR 25,000 |
| Legal structure | Fonds voor gemene rekening (FGR); title held by Stichting Mogelijk Zakelijke Hypotheken Fonds 21 |
| Depositary | CSC Depositary B.V. (external depositary under the AIFMD) |
| Term | Five years, closed-end |
| Subscription period | 31 August 2026 to 9 October 2026 |
| Distributions | Monthly; first distribution scheduled for 4 December 2026 |
| Entry fee | 1.25% for investments below EUR 100,000; 1.0% from EUR 100,000 |
| Management fee | 0.7% per year over the amount invested, already reflected in the prognosed distribution |
| Outperformance | Shared 90% to investors and 10% to the manager above the prognosed distribution |
| Liquidity | No interim redemption; transfer only in limited circumstances such as inheritance |
Strategy and Portfolio
The fund finances commercial real estate for SME entrepreneurs, with a guideline minimum loan size of EUR 500,000, seeking diversification across locations, borrowers and property types.
- Property types include offices and business premises, shops and supermarkets, hospitality, mixed-use and transformation projects, plus holiday rental homes in Curaçao and Bonaire
- Geographic scope covers the Netherlands, Belgium and Germany, alongside the Caribbean Netherlands
- Portfolio loan-to-value capped at 65%; borrowers typically contribute at least 35% equity and undergo BKR credit checks
- Additional protections include personal guarantees from borrowers and a secondary buildings insurance across the portfolio
The fund is closed-end with a term of five years. Interim redemption is not possible; participations are transferable only in limited circumstances such as inheritance, and capital is returned to investors after the mortgage portfolio is wound down at the end of the term. The fund is open to retail investors in the Netherlands who can commit capital for the full five-year term and accept the credit and real estate market risks of a concentrated commercial mortgage portfolio. Prospective investors should read the prospectus and fund documentation available from the manager before participating.
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