Dynamic Credit announces successful completion of the transaction of a € 460 mln mortgage portfolio, which results in Achmea Bank taking the place of BinckBank as an investor in its collective mortgage investment platform. With the transaction, Dynamic Credit showcases liquidity of secondary mortgage portfolios.

The sale concerns a portfolio of mortgages that were originated for the benefit of BinckBank as an investor, under Dynamic Credit’s residential mortgage label ‘bijBouwe’. This specific portfolio is a closed book, meaning that no new loans will be granted but existing borrowers have the option to continue their mortgage after the fixed rate period or apply for a further advance. Borrowers that hold a mortgage as part of this portfolio will not be impacted by the transaction.

<blockquote><p>“We are excited to announce the successful completion of this transaction showcasing liquidity of Dutch mortgage portfolios and are happy to welcome Achmea Bank to our platform.”</p><span class="writer">Jasper Koops, Head of Portfolio Management</span></blockquote>

The Dynamic Credit Collective Mandate offers institutional investors tailored ways to invest in prime Dutch mortgage loans. This offers flexibility in choosing the optimal mix of mortgage exposure in terms of risk and duration, while keeping cost at a minimum and providing unique levels of control and liquidity. Investors have their own pool of newly originated mortgage loans.