Credit Connect is in a court battle over the recovery of loans to Bathla, after Ray White Capital sold out of its debt exposure to a mystery lender.
Bathla lender Credit Connect is locked in a legal battle over the recovery of money from loans to the collapsed western Sydney developer, after Ray White Capital sold its debt exposure to a mystery lender.
In August, the affordable housing developer Bathla collapsed owing $3.4 billion , leaving 2500 half-built and near-built apartments and a pipeline of 14,000 homes in limbo.
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The 250-home scheme joins substantial landholdings in NSW and Queensland, with the $3.4-billion collapse entering a new phase...
This $4.9m sale was Ray White’s best auction result last weekend – but the state it sold in had the worst clearance rate across the whole country.
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Hundreds of apartments have hit the market as receivers start selling the collapsed property developer’s assets.
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