It’s one of the country’s oldest and largest private credit firms, headquartered in an unassuming corner of suburban Melbourne. Now RMBL, which has grown its loan book to almost $3 billion over the last six decades, has emerged as an unexpected linchpin of a real estate giant far from its Dandenong base – failed Sydney developer Bathla.
RMBL, which has had next to no significant profile despite its size, is crammed in among some of the private credit industry’s biggest names – from La Trobe Financial to Centuria Capital – in a creditor pile that is owed more than $3.3 billion after Bathla called in administrators.
Loading…