Upstart investment outfit Mayfair 101 has suspended purchasing some properties for a North Queensland tourism project, blaming the coronavirus and a tightening of funding markets.
The move comes as Mayfair 101, whose key brands include Mayfair Platinum and which pitches itself as an alternative to bank deposits, advertises pricey rates for more investor funds.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
