Casarion

What Casarion does

Casarion is the consumer-facing brand of Community Hypotheken B.V., a privately held Dutch non-bank mortgage lender founded in 2016 and headquartered in Utrecht. The company exclusively underwrites rental property mortgages (verhuurhypotheken) for professional real estate investors across the Netherlands, deliberately excluding consumer borrowers. Its product suite covers residential rental properties (loans up to EUR 4M, 85% LTV, terms up to 30 years), commercial rental real estate (up to EUR 3M, up to 80% LTV), and mixed-use combination properties (up to EUR 2.5M, up to 75% LTV). Differentiated features include Casarion SWITCH, a deferred rate-lock product allowing borrowers to start at a 1-year rate and switch to a longer fixed rate within twelve months without reassessment, and Disagio, an upfront 1-4% fee option that reduces the contractual interest rate.

The company's technology stack is relatively lean and partnership-dependent. Customer-facing capabilities are delivered through a portal powered by BCMGlobal (OpenID Connect authentication), an online loan calculation tool branded Mijn Casarion, and a self-service application portal at portal.casarion.com. There is no indication of proprietary AI/ML, APIs, or developer-facing integrations; the technology layer is positioned as supporting infrastructure for a sales-and-underwriting-led process rather than as a differentiator. Distribution is hybrid: a direct online channel with a 5-step application workflow, complemented by a network of more than 200 independent financial advisors and certified property appraisers across all major Dutch cities, plus phone, email, and in-person sales support from business managers at the Utrecht headquarters.

Casarion's revenue model is built primarily on net interest income from its mortgage book, supplemented by transaction fees (EUR 295 base administrative fee per loan covering up to 3 properties, EUR 360-480 for complex structures, EUR 375 for construction deposit management) and Disagio prepaid interest. Pricing is publicly disclosed and tiered by LTV and fixed-rate period, with variable quarterly rates starting at 5.87% (50% LTV) and fixed rates up to 10 years ranging from approximately 5.25% to 7.25% for residential, and 6.35-6.50% for 2-5 year commercial fixed terms. The company applies DSCR (110% residential / 125% commercial) and ICR (125% / 135%) underwriting thresholds and offers green energy label discounts, signaling a structured institutional credit posture despite its small operational footprint.

Name

Casarion

Legal name

Community Hypotheken B.V.

Website

https://casarion.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Casarion is a Dutch non-bank lender that originates rental property mortgages exclusively for professional real estate investors across the Netherlands. It finances residential, commercial, and mixed-use rental properties up to EUR 4M with terms up to 30 years, distributed via direct portal and a 200+ advisor network.

Ownership category

akta.pro rank

Product category

Commercial Mortgage Lending

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)

akta.pro primary industry

Commercial Mortgage Brokerage (FSAEAEAB)

akta.pro secondary industry

Debt & Structured Finance / Mortgage Brokerage (BPAJABAK)

Keywords

• Rental property mortgages
• Real estate investment financing
• Commercial mortgage lending
• Verhuurhypotheek services
• Investment property loans

Headquarters

HQ city

Utrecht

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mortgage Interest Income: Casarion earns revenue through interest on mortgages provided to professional real estate investors. Interest rates vary based on LTV, fixed period, and property type.
2. Administrative Fees: One-time administrative fees of €295 for new loans covering up to 3 properties. Additional fees for special circumstances such as complex legal structures, multiple borrowers, or manual processing.
3. Construction Deposit Management: €375 one-time fee for setting up and managing construction deposits for renovations.
4. Disagio (Upfront Interest Discount): Upfront fees (1%-4%) withheld from loan principal in exchange for reduced interest rates during fixed period. Acts as prepaid interest.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Casarion provides specialized rental property mortgage financing (Verhuurhypotheek) exclusively to professional real estate investors in the Netherlands, covering residential, commercial, and mixed-use investment properties with loans up to €4 million. The offering is delivered through a streamlined 5-step online application process and supported by flexible products such as the Casarion SWITCH interest rate switch option, a Bouwdepot for renovation financing, and the Mijn Casarion self-service portal.

Product overview

Casarion offers a unified Verhuurhypotheek (rental mortgage) product line targeting professional real estate investors in the Netherlands. The portfolio consists of three core property financing products: Residentieel Vastgoed (residential, up to €4M, 85% LTV), Commercieel Vastgoed (commercial, up to €3M, 65% LTV), and Combinatiepanden (mixed-use, up to €2.5M, 75% LTV). These are supplemented by Casarion SWITCH (flexible rate switching), the Mijn Casarion self-service calculation portal, and optional features such as a Bouwdepot for renovations and Disagio for interest rate discounts.

Differentiator

Problem solved

Functional benefit

Products and services

• Residentieel Vastgoed Financiering (Residential Property Financing) Mortgage financing for rented residential properties including single-family homes, apartments, studios, and room rental or labor migrant housing. Offers loans up to €4,000,000, LTV up to 85%, and terms up to 30 years with optional interest-only periods. Targeted at professional real estate investors in the Netherlands.
• Commercieel Vastgoed Financiering (Commercial Property Financing) Mortgage financing for rented commercial properties including offices, retail, warehouses, healthcare real estate, and logistics. Offers loans from €100,000 to €3,000,000 with LTV up to 65% (linear) or 55% (interest-only), and terms up to 30 years. Requires DSCR of 125% and ICR of 135%. Targeted at commercial real estate investors in Dutch urban areas with 20,000+ inhabitants.
• Combinatiepanden Financiering (Mixed-Use Property Financing) Financing for mixed-use properties combining residential and commercial space. LTV up to 75% when residential portion dominates, up to 60% LTV when commercial portion dominates. Maximum loan €2,500,000. Targeted at investors with combination properties such as shops with apartments above.
• Casarion SWITCH A flexible interest rate product allowing borrowers to start with a 1-year fixed rate and switch to a 3, 5, 7, or 10-year fixed rate at any point during the first year, without requiring a new credit assessment or property appraisal. Available to Casarion mortgage borrowers.
• Bouwdepot (Construction Depot) A reserve fund for renovation costs held within the loan, up to €100,000 or 20% of market value for renovations. Disbursed upon appraiser confirmation of completed renovation work, with a maximum duration of 6 months. Available to Casarion mortgage borrowers undertaking renovations.

Quantifiable outcome

• Interest rate reduction of 0.10% for A/B energy labels, 0.15% for energy improvements within 6 months
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• BCMGlobalcoreTechnology or Integration · 1 January 2019BCMGlobal provides the technology platform for the Mijn Casarion (My Casarion) customer portal where borrowers can manage their loans, view documents, and access annual statements.
• CredioncoreChannel Partner/ Reseller/ DistributorCredion is a network of independent financial advisors with multiple locations across the Netherlands (Amsterdam, Rotterdam, Den Haag, Eindhoven, etc.) who facilitate Casarion mortgage applications for professional investors.
• Eijgen FinancecoreChannel Partner/ Reseller/ DistributorEijgen Finance has multiple offices across the Netherlands (Amsterdam, Apeldoorn, Arnhem, etc.) and facilitates Casarion mortgage applications for commercial and residential investment properties.
• FinancieringsgildecoreChannel Partner/ Reseller/ DistributorFinancieringsgilde is a network of financing specialists with offices in Amsterdam, Arnhem, Rotterdam, Zwolle, and other cities who refer clients to Casarion for rental property financing.
• LamberinkminorChannel Partner/ Reseller/ DistributorLamberink has multiple offices in the Netherlands (Assen, Emmen, Groningen, Heerenveen) and facilitates Casarion mortgage applications for property investors in the northern Netherlands region.
• Approved Taxateurs NetworkcoreChannel Partner/ Reseller/ DistributorCasarion has established cooperation agreements with a network of property appraisers (taxateurs) who follow specific appraisal guidelines required for mortgage assessments. Appraisers must be on the accepted list and follow Casarion appraisal guidelines.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• RNHB: Dutch specialist financier historically focused on rental property mortgages in the Netherlands. Directly comparable to Casarion because it serves the same professional investor segment with similar buy-to-let mortgage products.
• MUNT Hypotheken: Dutch non-bank mortgage originator serving the professional and complex-income segment. Comparable to Casarion in operating model (specialist, partnership-funded, advisor channel) and target market overlap with professional borrowers.
• Bouwinvest: Dutch institutional real estate investment manager that both invests in and finances Dutch rental real estate. Comparable to Casarion in its focus on the Dutch rental property market and active role in funding investment transactions.

Broad incumbents

• NIBC Bank: Dutch merchant bank with a real estate finance platform that includes rental and commercial property lending. Comparable as a broad incumbent competing for the same Dutch professional investor mortgage demand, though from a much larger balance sheet.
• a.s.r. real estate: Dutch insurance/asset manager with a significant real estate financing arm (built on Syntrus Achmea). Comparable because it finances Dutch rental property at scale, competing for both residential and commercial investment deals Casarion targets.
• Obvion: Large Dutch mortgage provider (joint venture of Rabobank and ABN AMRO) active across the country. Comparable as a broad incumbent in the Dutch mortgage market, though it is far more consumer-focused than Casarion.
• ING Bank (ING Hypotheken): Major Dutch retail and commercial bank with a sizable mortgage book. Comparable as a broad incumbent whose mortgage pricing and appetite directly sets the competitive baseline for specialist lenders like Casarion.
• ABN AMRO: Large Dutch bank offering residential and commercial property finance. Comparable as a broad incumbent whose landlord/investor financing products overlap with Casarion's residential and commercial rental mortgage offerings.

Emerging players

• Venn Hypotheken: Newer Dutch non-bank mortgage lender using capital partners to fund buy-to-let and complex income mortgages. Comparable to Casarion in product overlap (rental and investment property) and the partnership-based origination model.
• Hypotheek Visie: Dutch mortgage advisory and distribution network that places buy-to-let and investment property loans with multiple lenders. Comparable to Casarion's advisor channel and relevant as a distribution peer for professional investor mortgages.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/casarion

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Casarion