The Dutch real estate financing platform Mogelijk has recently reached the milestone of €3 billion in granted financing, consolidating its position as one of the most relevant players in real estate crowdfunding in Europe. This achievement, which places it in a privileged position within the sector, not only reflects the strength of its business model but also the trust that thousands of investors have placed in the platform since its founding in 2016.
Mogelijk’s growth has been particularly notable in recent months. At the end of 2024, the company had already reached €2 billion in financing since its founding. The jump from €2 billion to €3 billion in just a few months evidences a significant acceleration in its activity, the result of the strategic reforms that the platform has recently implemented to become more accessible and scalable.
From individual investment to mortgage funds
In its early days, Mogelijk operated with a one-to-one financing model, in which a single investor fully financed a real estate mortgage. This approach, although effective, had natural limitations in terms of scalability and diversification for investors. The platform decided to make a strategic shift and adopted the model of mortgage funds, which allows it to scale its operations in a much more agile and efficient manner.
This model change has not been the only one. Mogelijk has drastically lowered its minimum investment, going from the 100,000 euros initial to the 25,000 euros current. This 75% reduction in the entry threshold has democratized access to commercial real estate investment in the Netherlands, allowing a much broader audience to participate in projects that were traditionally reserved for institutional or high-net-worth investors.
The combination of mortgage funds and a more affordable minimum investment has transformed Mogelijk’s value proposition. The platform no longer relies on finding investors capable of financing entire projects but can aggregate capital from multiple investors to structure larger and more complex operations. This model, moreover, offers participants inherent diversification that the one-to-one format did not allow.
A unique regulatory position in the Dutch market
One of the factors that sets Mogelijk apart from much of its competition is its strong regulatory backing. According to the company itself, it is the only non-bank real estate lender in the Netherlands that simultaneously holds a AIFMD license for fund management and a ECSP license for direct investments.
The AIFMD license (Alternative Investment Fund Managers Directive) is a European regulation that governs the management of alternative investment funds. Obtaining it involves complying with strict requirements for transparency, governance, regulatory reporting, and investor safeguards. In turn, the ECSP license (European Crowdfunding Service Provider) is the European regulatory framework for crowdfunding platforms, designed to protect retail investors and ensure transparency in operations.
Having both licenses is not common in the sector. Most European real estate crowdfunding platforms operate solely under the ECSP regime, which limits them to acting as intermediaries for direct investments. Mogelijk’s dual license, on the other hand, allows it to manage structured mortgage funds and simultaneously offer direct investments through its platform. This duality gives it extraordinary operational flexibility and a solid regulatory foundation on which to build its international expansion.
European expansion: Germany and Belgium
The milestone of 3 billion euros is not only the result of organic growth in the Netherlands but also the beginning of an ambitious European expansion strategy. Mogelijk has decided not to stay in its domestic market and is bringing its real estate financing model to other countries on the continent.
Entry into Germany under the name Möglich
Since January 1, 2026, Mogelijk operates in Germany under the name Möglich. This adaptation of the name —which in Dutch means “possible” and in German retains a very similar meaning— reflects the company’s intention to integrate into the German market with a local identity.
The entry into Germany has already produced concrete results. The platform has financed its first real estate project in German territory, assisting its first clients —of Dutch origin— in their financing applications for commercial properties in the country. This first success shows that Mogelijk’s model is exportable and that there is real demand for its offering in the German market.
Herman Tange, Director of International Operations at Mogelijk, has expressed the company’s ambition for the German market: “We have already assisted our first clients —who have a Dutch background— with their financing applications for properties in Germany, which means our offering is generating interest. Meanwhile, we are building an experienced team in Germany that is in the process of being set up. We will expand our marketing efforts during the second half of the year to also focus on helping German entrepreneurs and investors with a local team. For the rest of the year, we want to help German entrepreneurs and investors with a local team.”
The choice of Germany as the first expansion market is no coincidence. It is the largest economy in the Eurozone, with a mature commercial real estate market and a demand for alternative financing that has grown significantly in recent years. Traditional German banks, although solid, have shown some caution in the commercial real estate financing segment for medium-sized projects, which opens a window of opportunity for alternative players like Mogelijk.
Presence in Belgium since 2024
Before its jump to Germany, Mogelijk had already started operations in Belgium in 2024. In this market, the platform has raised approximately 100 million euros in funding, a significant figure that validates the ability of its model to adapt to different regulatory and cultural contexts.
Belgium, with its strategic position between the Netherlands, France, and Germany, has served as an ideal testing market for Mogelijk’s international strategy. The experience gained in the country has been fundamental in preparing for entry into Germany, a considerably larger and more complex market.
Mogelijk’s model: predictability and transparency
Mogelijk’s value proposition is built around two fundamental pillars: predictability and transparency. The platform specializes in commercial real estate, a segment that, although it requires more thorough analysis than residential, offers more stable and predictable cash flows in the long term.
Commercial properties —offices, retail spaces, industrial warehouses, logistics spaces— are typically leased to companies with long-term contracts, which provides clear visibility of future income. This predictability translates into greater security for investors, who can more accurately estimate the evolution of their returns.
Transparency, for its part, is a non-negotiable requirement in Mogelijk’s model. The platform provides investors with detailed information on each project, including risk analysis, independent valuations, financing structure, and loan terms. This level of detail, combined with the backing of AIFMD and ECSP licenses, generates the trust needed to attract capital from both retail and institutional investors.
Implications for the European real estate crowdfunding sector
Mogelijk’s milestone comes at a key moment for European real estate crowdfunding. The sector has experienced sustained growth in recent years, driven by the search for alternative returns in a historically low interest rate environment, the digitalization of financial services, and growing distrust of traditional banking products.
Mogelijk’s international expansion strategy reflects a broader trend in the sector: platforms that achieve critical scale in their domestic market naturally seek to replicate their success in other European countries. This Europeanization of real estate crowdfunding has important implications for investors.
On one hand, it offers geographic diversification opportunities that were previously inaccessible to retail investors. A Spanish investor, for example, can now participate in financing a commercial property in Amsterdam, Berlin, or Brussels without needing to travel or understand local regulatory nuances. The platform handles project selection, legal structuring, and investment management.
On the other hand, international expansion introduces new risks that investors must consider. The German, Belgian, and Dutch real estate markets have their own dynamics, different regulations, and sensitivities to macroeconomic factors that may not be obvious to a foreign investor. Mogelijk’s transparency in its project information is, in this regard, a valuable asset, but investors should still conduct their own due diligence.
The context of real estate crowdfunding in the Netherlands
The Netherlands has been one of the pioneering markets for real estate crowdfunding in Europe. The combination of a sophisticated financial culture, a dynamic real estate market, and a relatively favorable regulatory framework has enabled the development of platforms like Mogelijk, Collin Crowdfund, and others that have achieved significant volumes.
The Dutch real estate market, especially in the commercial segment, has shown resilience in the face of recent economic fluctuations. Cities like Amsterdam, Rotterdam, The Hague, and Utrecht maintain sustained demand for commercial, office, and logistics spaces, driven by population density, the digital economy, and the Netherlands’ position as a European logistics hub.
In this context, Mogelijk has positioned itself as a bridge between the demand for real estate financing and the capital of investors seeking exposure to this asset with greater accessibility and liquidity than direct property investment. Its mortgage fund model, in particular, addresses a real market need: many commercial real estate projects require bridge or development financing that traditional banks are not always willing to provide under the terms and timelines that developers need.
Outlook and challenges
The €3 billion milestone is undoubtedly a moment of celebration for Mogelijk, but it also marks the beginning of a new growth phase with its own challenges. The expansion into Germany, while promising, will expose the platform to more intense competition and a regulatory environment different from that of the Netherlands. Building a local team and adapting the Möglich brand to the German market will require significant time and resources.
Furthermore, the European macroeconomic context presents uncertainties. The evolution of interest rates by the European Central Bank, inflation, and the conditions of the commercial real estate market in major urban centers will be determining factors in Mogelijk’s ability to maintain its growth pace.
Nevertheless, the company starts from a position of strength. Its dual regulatory license, proven business model, and experience in two international markets provide a solid foundation to face these challenges. The reduction of the minimum investment to €25,000 also allows it to attract a steady flow of new investors that fuel the platform’s organic growth.
For European investors, the Mogelijk case illustrates the potential of real estate crowdfunding as a diversified and accessible investment alternative. The possibility of participating in commercial projects in solid markets such as the Netherlands, Belgium, and Germany, with a relatively low entry threshold and the peace of mind of a regulated platform, is an offering that will surely continue to attract capital in the coming years.
The €3 billion path has already been traveled. The question now is how far Mogelijk will go on its ambitious European journey.
Source: https://investmentplatforms.eu/dutch-platform-mogelijk-reaches-milestone-of-3-billion-euros/