DomaCom secures $50 million property funding facility with La Trobe Financial
ASX-listed DomaCom Limited (ASX:DCL) has today announced that it has partnered with La Trobe Financial to provide property investors using DomaCom’s fractional property investment fund with a credit facility. An initial A$50 million facility has been provided by La Trobe Financial that will allow investors to acquire approximately A$100 million of leveraged property through the DomaCom Fund. The facility will provide up to 60% leverage for investors and Self-Managed Super Funds (SMSFs) at a competitive 5.99% pa. Enabling the use of lending when purchasing investment properties is a key addition to the DomaCom product offering, which places the Company in a strong position to almost triple its Funds Under Management […]
Fractional investing platform DomaCom expands into rural property
ASX-listed DomaCom has taken its fractional property investing platform to the bush after tying up a partnership with rural start-up Cultivate Farms. Under the arrangement, Cultivate Farms will source appropriate properties from farmers looking to retire and match these to aspiring or next generation farmers with DomaCom providing the investment capital through its crowdfunding platform. To help get the project off the ground, AFL great and farming sector advocate Kevin Sheedy has come on board as ambassador. “The idea behind this project is to enable young farming families to get their foot on a property they can farm commercially, while at the same time enabling a retiring farmer to sell […]
DomaCom acquires $100m lending facility
Property crowdfunding firm DomaCom and a number of private lenders have partnered to provide the DomaCom Fund with an initial lending line of $100 million. In a statement, DomaCom chief executive Arthur Naoumidis said the lending facility would allow the company to purchase up to $250 million in property. “We have been seeking a default lending solution for our platform for three years as it is clear that advisers are seeking to use debt to deliver long-term tax effective returns for their clients,” he said. “In addition to the recently announced capacity to being able to crowdfund their own debt, advisers can now simply select the debt level they are […]
DomaCom Australia completes crowdfunding of first mortgage backed loan
DomaCom Australia Ltd (ASX:DCL) has successfully completed the crowdfunding campaign to fund its first mortgage backed loan. The company’s online platform provides an opportunity for investors to invest in residential and commercial property across Australia through the fractional acquisition of units in a trust. Newcastle based financial advice firm Shartru Wealth Management used the DomaCom platform to acquire a $1.6 million residential property in Melbourne using both debt and equity. Internal gearing to deliver long-term returns The crowdfunding campaign was completed to raise about $682,000 for the equity component and another campaign was completed to raise the remaining $948,000 debt. DomaCom chief executive officer Arthur Naoumidis explained that one of […]
DomaCom to integrate with major real estate platform
One of the major real estate platforms has entered an agreement with DomaCom which will see its property listings integrated into DomaCom’s crowdfunding platform. In an ASX announcement, DomaCom said it has entered an agreement with Domain which will connect Domain’s vast property listing data with DomaCom’s crowdfunding technology. The agreements will also see Domain’s market intelligence integrated into the DomaCom Crowdfunding platform in order to provide analytics to investors. DomaCom said the arrangement will help the platform target the consumer market directly, particularly the Generation Y market. Once a campaign starts, DomaCom said its crowdfunding platform facilitates external independent due diligence on the selected property bringing additional rigour to […]
DomaCom partners with Moody’s Analytics
Fractional property investment company DomaCom has struck a deal to gain access to the CoreLogic – Moody’s Analytics Australian Forecast Home Value Index. The partnership will allow DomaCom to create “highly targeted, research-backed residential property investment strategies for independent financial advisers and direct investors”, DomaCom said in a statement. DomaCom intends to use the 10-year CoreLogic – Moody’s Analytics Australian Forecast Home Value Index to create residential crowdfunding campaigns for each Australian capital. “While independent financial advisers are typically at the core of most client’s investment decisions they have not previously been able to offer clients a comprehensive property investment solution, effectively excluding the world’s largest asset class from the […]
DomaCom launches two crowdfunding campaigns
DomaCom has launched two crowdfunding campaigns that will seek to raise $6 million and $4.3 million, respectively, that will offer investment opportunities in affordable housing for the retirement sector and clean energy infrastructure and jobs in regional Australia. The first campaign, Akuna Residential Estate, which would seek to raise $6 million with $1.4 million already pledged, would aim to provide affordable housing for the ageing population. According to the company, the money would be used to purchase the land in Cobram, complete development approvals and build the community facilities. Following this, the developer would build and sell 147 houses on a Residential Land Lease Community (RLLC) model. The project was […]
DomaCom acquires property via HUB24
DomaCom has completed its first fractional property transaction on investment and superannuation platform HUB24. DomaCom chief executive, Arthur Naoumidis, said: “Increasing our footprint on platforms is validation that our fractional property fund is gaining wider acceptance and a place in portfolio construction that can fit into any structure”. “We’re very pleased to add HUB24 to the list of platforms coming on board with DomaCom and in this case it is GPS Wealth adviser clients who have completed a crowdfunding campaign to acquire two properties in Victoria and Queensland,” he said. DomaCom’s fractional property investment model allows advisers to approach property as a portfolio strategy investing across multiple properties, property types […]
