A number of private lenders have joined forces to provide the DomaCom Fund access to an initial lending line of $100 million which will allow DomaCom to acquire up to $250 Million in property.
DomaCom CEO Arthur Naoumidis says: “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.
“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 seeking for a particular property investment and the DomaCom platform will manage the loan application process.
For further information please download PDF attached:
Download this document