DomaCom Limited (ASX:DCL), an ASX-listed company, has announced a partnership with La Trobe Financial to offer a credit facility for property investors using DomaCom’s fractional property investment fund. La Trobe Financial has provided an initial A$50 million facility, which will enable investors to acquire about A$100 million of leveraged property through the DomaCom Fund.
The facility offers up to 60% leverage for investors and Self-Managed Super Funds (SMSFs) at a competitive 5.99% per annum. This key addition to DomaCom’s product offering positions the company to potentially triple its Funds Under Management to $150 million.
DomaCom CEO Arthur Naoumidis said, “This is a significant development for the Australian property investment market, as financial advisers can now leverage their clients’ investment properties at a click of a button.” La Trobe Financial’s Chris Andrews, Chief Investment Officer, expressed optimism about the partnership and the continued growth of the SMSF sector in the Australian superannuation industry.
