DomaCom shareholders have approved the appointment of its new trustee, delivering the capability to introduce crowdfunded mortgage backed loans.

The fractional property investment platform announced in October that it had appointed Melbourne Securities Corporation (MCS) as its new trustee/responsible entity, replacing Perpetual Trust Services.

That approval by shareholders represented the final hurdle in DomaCom introducing a new range of products underpinned by the ability to introduce gearing, DomaCom chief executive Arthur Naoumidis said.

DomaCom signaled its intentions to enter the reverse mortgage lending market in July, outlining plans for a senior equity release product, describing it as "a mechanism for elderly Australians to realise part of the value of their home to help fund their retirement."

Naoumidis said clearing this final checkpoint opens up a significant pool of investors, enabling them to incorporate debt when investing in property.

"This will make property investment much more tax efficient for advisers and their clients, as well as reducing the amount of equity required to raise for each project.  Given how integral debt is to purchasing property, this creates a really compelling proposition for investors and enables them to achieve a tax efficient outcome when investing in property through DomaCom," he said.

MSC chief executive Matthew Fletcher added: "MSC is pleased to receive the endorsement from DomaCom Fund unitholders and is looking forward to working with DomaCom and its stakeholders."

"Complementing our trustee services to the traditional fund market, we believe in supporting innovative products such as DomaCom Fund which utilises exciting new technology to provide new and alternative investment options."

In addition, DomaCom provided an update as to its ongoing Federal Court hearing as to the SMSF related party/sole purpose test implications of the DomaCom Fund. The hearing was held in Melbourne earlier this week with an outcome yet to be delivered.

The company also said it is currently investigating options to shore up its capital position, with equity, debt and hybrid structures under consideration. Reverting to its core operating costs stands as the fall back plan, DomaCom said.

It expects to be in a position to update the market in mid-December.