Vastgoed Financiering Fonds FGR
Managed by Vastgoed Financiering Fonds Beheer B.V.
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Vastgoed Financiering Fonds FGR
Managed by
Vastgoed Financiering Fonds Beheer B.V.
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Key Statistics
Fund Size
€45.6M
Target Return
7.1%
Launch Year
2021
Min. Investment
€100,000
Availability
Open through selected distributors
Structure
FGR
Product Category
Open-end
Domicile
Netherlands
GP Type
Single
Liquidity Level
Semi-liquid
Management Fee
1%
Carry
20% of the annual result above a 6% non-cumulative preferred return
Hurdle Rate
6%
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
Quarterly redemptions on 90 days' notice
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
6 out of 7
Annual Returns (KID Scenarios)
Moderate
6.01%
Favorable
7.11%
Average Total Cost Level (KID)
1.94%
Allocations
Investment Strategy
Industry Focus
Historical Performance
Information about fund
Vastgoed Financiering Fonds at a Glance
Vastgoed Financiering Fonds FGR is an open-end Dutch fund, running since 2021, that lends to professional property investors against a first-ranking mortgage on existing commercial property in the Netherlands. Investors join from EUR 100,000 through the placement agent Sheldon Invest and can enter or leave once a quarter. The forecast return is 6.5% a year, paid monthly; the manager reported 6.15% for 2023 and 6.6% for 2024. The manager is registered with the AFM under the light regime of article 2:66a Wft and does not hold an AIFMD licence.
Key Figures
Target Return
6.5% p.a.
Manager forecast, paid monthly; EID moderate scenario 6.01%/yr over 10 years
Fund Size
EUR 45.6M
Under management per Sheldon Invest, June-Sept 2026; cap EUR 95M
Minimum
EUR 100,000
Top-ups from EUR 25,000; EUR 250 order fee
Management Fee
1.0% p.a.
On total assets; EID ongoing costs 1.10%; 20% above 6%
Risk Indicator
6 / 7
EID 3 Oct 2025; recommended holding period 10 years
Reported 2024 Return
6.6%
Manager-reported distribution; 2023: 6.15%
Terms & Liquidity
| Legal Structure | Fonds voor gemene rekening (FGR) under Dutch law, AIF; legal owner Stichting Vastgoed Financiering Fonds; fiscally transparent |
| Manager and Supervision | Vastgoed Financiering Fonds Beheer B.V.; AFM light-regime registration (art. 2:66a Wft) since 10 Nov 2020; no AIFMD licence, no depositary |
| Placement | Exclusively via Sheldon Invest B.V., investment firm licensed under art. 2:96 Wft |
| Subscriptions | Quarterly at NAV on the first day of the quarter; form at least 10 days before; offered in the Netherlands only |
| Redemptions | Quarterly, 90 days' notice, limited to new subscriptions on the same trading day; oldest requests first; can be suspended |
| Exit Fees | 4% within 2 years, 3% between 2 and 3 years, 2% after 3 years |
| Lending Criteria | First-ranking mortgage of at least 110% of principal, rent pledge, LTV max 70%, DSCR above 1, rates 6-12%, no fund leverage |
| Distributions | Monthly in arrears; 6% non-cumulative preferred return, then 80/20 split with the manager |
| Auditor | Londen & Van Holland Registeraccountants en Belastingadviseurs |
Management
Remco de Louwer
Director
Tim van Wees
Director
Matthieu Mars
Debt & Structured Finance Manager
Points to weigh. The manager works under the AFM light regime, without an AIFMD licence and without a depositary, and no AFM-approved prospectus exists. The EID places the fund in risk class 6 of 7. Exits depend on new money coming in: redemptions are limited to new subscriptions on the same trading day and cost 2% to 4%. With 11 financings the portfolio is concentrated in Dutch commercial property, loans are valued at principal and collateral is not re-appraised every year. The directors also run the placement agent and 1e Hypotheek Fonds, which gets first choice of loans that fit its profile, and the fund pays the placement agent 2.25% of each subscription. The mortgage security does not remove the risk of loss. The 6.5% is a forecast, not a promise, and no realised figure for 2025 has been published.
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