Dunk Island owners Mayfair 101 launch property bond

Dunk Island owners Mayfair 101 has launched a fixed income property bond aimed exclusively at wholesale investors seeking an investment supported by first registered mortgages. Here’s how it works.

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DUNK Island owners Mayfair 101 have launched a fixed income property bond aimed exclusively at wholesale investors seeking an investment supported by first registered mortgages.

The Mayfair Australian Property Bond offers investors the ability to earn competitive fixed rates of return in exchange for direct registered first mortgage security over properties the group owns in Mission Beach.

“With interest rates on traditional investment products at record lows, the Mayfair Australian Property Bonds provide investors the ability to invest in a region that will play a significant role in the revival of the Australian tourism industry,” Mayfair 101 group managing director James Mawhinney said.

“We are democratising the financing of this significant project by giving investors full transparency and the ability to pick their properties, loan-to-valuation ratios, investment term and investment amount.

“It’s an important strategic move to bring more awareness and support to the region.”

The bonds will give investors the opportunity to select which properties their investment is secured against via a first registered mortgage.

Investors will receive monthly income payments at rates of 4.25-9.20 per cent depending on the property type, duration, loan-to-value ratio and investment amount.

The bond is being offered by the group’s investor-facing division, Mayfair Platinum.

It is limited to qualified wholesale investors and has a minimum investment amount of $250,000.

Originally published as Dunk Island owners Mayfair 101 launch property bond