Shartru and DomaCom partner for crowdfund venture

Advice firm and non-bank licensee Shartru Wealth has completed a $1.6 million residential property acquisition via the DomaCom platform in what has been described as a “crowdfunding first”.

Shartru has completed two crowdfunding campaigns to secure equity and debt to complete the property transaction, DomaCom announced in a statement.

The loan is secured by a first mortgage security on residential property with an LVR of around 60 per cent.

Shartru chief executive Rob Coyte said he was pleased to be finally able to deliver a tax effective investment for growth-oriented clients while also being able to deliver an attractive income investment to retiree clients.

DomaCom chief executive Arthur Naoumidis said advisers can now fund both the equity and the debt portions of a property investment, which enables them to provide the appropriate investment outcomes for both accumulation and retiree clients.

“We are now looking forward to accelerating our funds under management with these new debt facilities, particularly in the SMSF space. SMSFs can have a precise asset allocation to real property via DomaCom, including debt, without the need for a bare trust, limited borrowing and with all the additional administration and cost involved,” said Mr Naoumidis.

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Shartru and DomaCom partner for crowdfund venture
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