First rung reached by ThinCats

First rung reached by ThinCats
Monday, 28 November 2016 6:15am ” Ian Rogers – Banking Day

Four months into a partnership, peer-to-peer lender ThinCats Australia and crowdfunding property investment company DomaCom have a run on the board.

On Friday, ThinCats promoted its first loan under the alliance, a first mortgage lending on residential property. The funder put the LVR at 36 per cent on a A$212,000 interest-only loan for 24 months at 6.5 per cent.

“This is the first mortgage backed loan listed on our platform offering competitive interest rates on a low LVR property lend,” ThinCats said. DomaCom is the Investment Manager and Perpetual Trust Services is the Responsible Entity of the DomaCom Fund.