Search Result: domacom

Jul
26

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 […]

DETAIL
Jul
10

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 […]

DETAIL
Jul
04

DomaCom reaches crowdfunded property deal

DomaCom has signed an agreement with a property developer to help launch a residential community land project in regional Victoria. The deal with Akuna Lifestyle Estates will involve a $6 million capital raising comprising $1.65 million to acquire the land and $4.35 million for development planning, approvals and construction of the civil works, and common facilities including a clubhouse, sports centre, pool and bowling green, according to a statement. The Cobram-based project is planned to be developed and sold in eight stages over three to four years, starting this year. DomaCom said it will use its fractional property investment platform to offer an attractive yield to investors for acquisition and […]

DETAIL
Mar
15

DomaCom signs off on new crowdfunding deal

DomaCom has finalised its first venture into agricultural assets with a deal that gives 90 retail investors a stake in a property in Victoria’s prime Western District pastoral land. The 150-hectare property, ‘Doyles’, outside Casterton near the South Australian border, is in the heart of prime beef and sheep region. Prior to entering into a contract to purchase the property, the fund was successful in securing a strong local operator as the tenant. The tenant will use the property to run beef cattle. “The identification of good operators to work with in the leasing of the property was key to the transaction. We are striving to deliver a packaged opportunity […]

DETAIL
Feb
10

DomaCom signs distribution deal with US crowdfunder

Australian crowdfunder, DomaCom has signed an exclusive distribution deal with a New York-based real estate crowdfunding platform, Prodigy Network. The deal aimed to expand investment opportunities for Australian investors wanting to invest in US real estate assets. DomaCom’s chief executive, Arthur Naoumidis, described the agreement as “the start of several overseas property crowdfunding opportunities for Australian investors”. “Enormous buying power exists in our large industry and retail superannuation funds and our growing A$600 billion self-managed superannuation fund (SMSF) market. There are vast sums of money sitting there, some of which must be looking for an opportunity to invest in global real estate markets,” he said. “Whilst crowdfunding is still a […]

DETAIL
Feb
09

DomaCom clears regulatory hurdle for Mortgage Crowdfunding

A recent squeeze on investment loans for new customers by banks have led listed crowdfunder DomaCom to offer investors the opportunity to invest in residential mortgages after clearing a regulatory hurdle. The news broke this week that the fractional property investment firm was given ASIC approval to extend its crowdfunding model to securities, which means it can now offer fractional investment in corporate bonds as well as peer-to-peer mortgage bond sub-funds. According to the Australian Financial Review, the DomaCom platform allows investment in fractions of real property through collective investment schemes and crowdfunding. Its offerings target self-managed super funds and are on the approved product list of 41 financial adviser […]

DETAIL
Aug
02

DomaCom partners with peer-to-peer lender

DomaCom has announced it will partner with a peer-to-peer lending company to extend opportunities for advisers in the property sector. DomaCom chief executive Arthur Naoumidis said DomaCom’s partnership with ThinCats Australia will allow advisers to be on both sides of property transactions by creating leveraged book builds. “This also provides the 350 lenders on the ThinCats platform the opportunity to gain exposure to property assets and the ability to lend funds at an attractive interest rate with a lower risk profile,” Mr Naoumidis said. ThinCats Australia, which has been operating in Australia for the past 18 months, is a peer-to-peer lending platform for secured business loans to small and medium […]

DETAIL
Jul
05

Crowdfunding start-up DomaCom eyes $100m ASX float

DomaCom, the company that shot to prominence with a crowdfunding campaign to acquire the property assets of the iconic Kidman Station empire, is looking to float as a near $100 million company on the Australian Securities Exchange. The ambitious group is hoping to ride the worldwide popularity of crowdfunding which it has used to set up real estate funds and it plans to extend its reach into the corporate bond market and equity release products. Company founder, Arthur Naoumidis, who also set up the now listed portfolio technology provider Praemium, had previously flagged plans to raise $100m through a float last year but the timing of the IPO was pushed […]

DETAIL