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Why Did Kings Investment Default on a $12.4M Loan to Eildon Capital?
10:11am on Tuesday 1st of July, 2025 AEST
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Financial Services
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Why Did Kings Investment Default on a $12.4M Loan to Eildon Capital?
10:11am on Tuesday 1st of July, 2025 AEST
Key Points
Kings Investment misses $1.5 million loan repayment due March 2025
Loan repayment extended to September 2025 with 16.5% compounding interest
Outstanding loan balance now $12.4 million as of June 30, 2025
Eildon Capital considering provisions due to slower-than-expected Melbourne market sales
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