The mortgage securing your loan is registered in favour of Stichting Crowdfundersbelangen. This independently appointed foundation holds it for all the lenders in a project and looks after their interests. Its board is independent of Woonstaete, and we cannot replace the foundation without the lenders’ consent. Your investment goes directly to a civil-law notary, who creates the mortgage and registers it with the Land Registry (Kadaster) before the seller is paid.
The foundation’s board acts for all the lenders together, so it is worth knowing who they are. Both board members do the same work for its sister foundation, Stichting Obligatiehoudersbelangen. Since 2011, that foundation has overseen more than fifteen organisations that raise money from investors.
Mark Olie (born 1964) studied Dutch and European law in Utrecht and went on to obtain a Master of Laws at New York University. He was in-house counsel at Philips and NCR, where he set up the legal department for the Benelux and Scandinavia and sat on the management board. Since 2001 he has worked independently on financial and energy contracts for large institutions. He also chairs the sister foundation.
Stephan van de Vusse (born 1965) studied Dutch law in Utrecht. In 2008 he obtained a Master of Business Valuation, a programme in company valuation, at TIAS in Tilburg. He has held management and board positions in the financial sector and in healthcare, and sits on the supervisory boards of healthcare institutions. He is also treasurer of the sister foundation.
Each project is financed by several lenders together. The mortgage is therefore placed with a single foundation, which holds it on behalf of all the lenders in that project and looks after their interests. There is one mortgage and one visit to the notary per project, and you do not have to make that visit yourself. If action is ever needed, you do not have to get the other lenders to agree first, because the foundation acts for the whole group.
The foundation is independently appointed and its board is independent of us. This is deliberate, as whoever safeguards the security should have no stake in the party raising the loan. The foundation’s independence is laid down in its articles of association, and we cannot replace it without the lenders’ consent.
For each project, a trust deed sets out what the foundation does for the lenders. It states what the foundation holds, what information it receives and what it does if the obligations under the loan are not met. You can read the trust deed in the portal before you sign. The Security page explains what the foundation holds for a Woonstaete loan.
Your investment is paid directly to the notary through a third-party funds account (derdengeldenrekening). You do not pay into a Woonstaete account, and we have no access to the money. You will only receive the payment request once your details have been checked.
The notary creates the mortgage in favour of the foundation and registers it with the Land Registry. Only then does the notary pay the seller. The seller is therefore never paid before your security is in place.
First the mortgage, then the payment
Four organisations are involved in every loan, each with a single task. Woonstaete is one of them, and we hold neither your investment nor the mortgage that secures your loan.
Your investment passes through Online Payment Platform’s third-party funds account to the notary. OPP is a payment institution licensed by De Nederlandsche Bank, the Dutch central bank.
Creates the mortgage in favour of the foundation, registers it with the Land Registry and only then pays the seller.
Independently appointed. Holds the mortgage and the pledge over the rental income for all lenders together, and acts on their behalf.
We let and manage the homes, pay the interest from the rental income and repay the loan amount at the end of the term.
The foundation’s role is clearly defined and set out in the trust deed. It safeguards the security, reviews the figures and acts for the whole group when needed.
We would be glad to meet you for a personal conversation. You can already create an account in the portal. Investing is not possible yet; as soon as a project opens, your account will be ready and you will find all the documents there.
Investing is not possible yet. As soon as a project opens, you can read the documents in the investor portal, including the trust deed, and sign online. Once your identity has been verified, you will receive the payment request.
Go to the portal
We would be glad to take you through the security and the documents, with no obligation at all.
Get in touch
Rust, Stabiel and Opbouw side by side, the mortgage and the foundation, the homes we have delivered and how investing works.
Request the brochureNo. The foundation can only be replaced with the lenders’ consent. It is not a decision we can take ourselves.
You will receive the invitation to the annual meeting, and the foundation answers questions from lenders. If anything affects your loan, you will hear about it from us and from the foundation. For everyday questions about your loan, you can call or email Woonstaete.
No. Your investment goes directly to the notary, who creates the mortgage in favour of Stichting Crowdfundersbelangen, registers it with the Land Registry and then pays the seller. The foundation holds only the mortgage and does not receive your investment.
