Sep 4, 2026 – 5.00amIt’s one of the country’s oldest and largest private credit firms, based in an unassuming corner of suburban Melbourne. Now RMBL, which has expanded its loan book to almost $3 billion over the past 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.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
A $2.8b Melbourne private credit stalwart finds itself in Bathla mess
The long tail of lenders caught up in the $3.3 billion collapse of the Sydney property development giant extends far beyond NSW to a low-profile Victorian firm.
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