News and Announcements
ThinCats Partners with DomaCom
- Published November 28, 2016 10:58AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
As foreshadowed after our recent announcement of a partnership with DomaCom Australia Limited (www.domacom.com.au), this is the first mortgage backed loan listed on our platform offering competitive interest rates on a low LVR property lend.
DomaCom is the Investment Manager of the DomaCom Fund which facilitates fractional property investments via an online platform. DomaCom facilitates the equity component of property purchases and ThinCats Australia facilitates the debt component.
Perpetual Trust Services Limited (the Borrower) is the Responsible Entity of the DomaCom Fund and holds each property on trust for the investors. All loans listed under this arrangement have been mandated by Perpetual to have a maximum LVR of 50%, at least 1x interest coverage based on net earnings from the property and a 2-months interest buffer.
Further information: Please visit www.thincats.com.au. Membership Agreement is available under the ‘Resources’ tab.
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