Fractional property investment platform DomaCom has appointed a new trustee for its managed investment scheme in an effort to allow investors to incorporate debt into their property investing.
In a statement, the company said the appointment of Melbourne Securities Corporation as trustee for DomaCom Fund would help the company in the delivery of “internal leverage and crowdfunding of mortgage-backed loans”.
DomaCom chief executive Arthur Naoumidis said allowing investors to incorporate debt will allow investors to achieve “a tax-efficient outcome” from their property investing.
“This the final checkpoint in the approval process for DomaCom to introduce a range of new products underpinned by the ability to introduce gearing,” he said.
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