Skymark Properties 1 Corporation

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Proceeding: Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended, and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended
Court: Ontario Superior Court of Justice
File: CV-18-593698-00CL

Filings held10

Last activity12 Jun 2019

On the record3,108 days

OverviewSummary updated 1 September 2026

Skymark Properties 1 Corporation is the respondent to a receivership application filed March 9, 2018 in the Ontario Superior Court of Justice (Commercial List), court file CV-18-593698-00CL, under section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43. The applicants are eight mortgagees led by B. & M. Handelman Investments Limited, who together hold a first mortgage, a general assignment of rents and a general security agreement over a $3.3 million advance made under a commitment letter dated November 6, 2014; their January 24, 2018 demand letter put approximately $2,855,972.83 outstanding. The City of Toronto held a $376,256.73 realty tax lien as at January 19, 2018.

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Case updates10 dated entries

12 Jun 2019

#Distribution

Approval and Distribution Order of Justice Dietrich dated June 12, 2019 — Distribution order

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12 Jun 2019

#Order

Endorsement of Justice Dietrich dated JUne 12, 2019 — Endorsement / reasons

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2 May 2019

#Filing

Receiver's Motion Returnable May 2, 2019 — Application / notice of application

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7 earlier updates, back to 19 March 2018 — subscribers.

Parties

Debtor

Skymark Properties 1 Corporation

Receiver

Rosen Goldberg

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Dietrich	Ontario Superior Court of Justice	2 orders, Jun 2019	109 cases on record
Justice Dunphy	Ontario Superior Court of Justice	2 orders, Jun 2018	74 cases on record
Justice McEwen	Ontario Superior Court of Justice	2 orders, Mar 2018	134 cases on record

Counsel of record

Party	Counsel	First seen	Source
ReceiverRosen Goldberg	Blaney McMurtry LLP	12 Jun 2019	Order · 12 Jun 2019

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Secured	B. & M. Handelman Investments Limited, E. Manson Investments Limited, Bamburgh Holdings Limited, 4055845 Canada Inc., Jeffrey Gertner, 5K Investments Inc., 558678 Ontario Limited and Paul Herbert ProfFirst mortgage, general assignment of rents, and general security agreement against Skymark; original loan advance of $3.3 million pursuant to Commitment Letter dated November 6, 2014 — Applicants collectively hold first mortgage and GSA; approximate total owed under the Loan as of demand letter date — debtor: Skymark Properties I Corporation · as of 24 Jan 2018	$2.86M	Application Record Returnable March 19, 2018

This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.

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Sale processAs stated in the filings

Sale approved — APS approved, sealed pending completionApproval of Vesting Order of Justice Dunphy dated June 27, 2018 · 27 Jun 2018

Purchaser	Price	Status	Source
purchaser under the APS not named in operative textthe Real Property, and the remaining assets and undertaking of the Debtor acquired for or used in relation to the Real Property · real property	Sealed	Approved27 Jun 2018	Approval of Vesting Order of Justice Dunphy…

Closing termsUpon completion of the transaction, net proceeds distributed to first mortgagees in full satisfaction of their loanApproval of Vesting Order of Justice Dunphy dated June 27, 2018

Sealed materialsthe APS and the appraisal by Lebow, Hicks Appraisal Inc. of the Real Property; the lease of the sole current tenant at the Real PropertyApproval of Vesting Order of Justice Dunphy dated June 27, 2018

Documents

10 filings

Date	Document	File
12 Jun 2019	Approval and Distribution Order of Justice Dietrich dated June 12, 2019 Counsel Blaney McMurtry LLP Presiding officer Justice Dietrich	PDF · Subscribers

12 Jun 2019	Endorsement of Justice Dietrich dated JUne 12, 2019 Presiding officer Justice Dietrich	PDF · Subscribers

2 May 2019	Receiver's Motion Returnable May 2, 2019	PDF · Subscribers

27 Jun 2018	Approval of Vesting Order of Justice Dunphy dated June 27, 2018 Closing terms Upon completion of the transaction, net proceeds distributed to first mortgagees in full satisfaction of their loan Order date 27 June 2018 Presiding officer Justice Dunphy Purchaser purchaser under the APS not named in operative text · the Real Property, and the remaining assets and undertaking of the Debtor acquired for or used in relation to the Real Property · real property · approved + 3 more extracted facts	PDF · Subscribers

27 Jun 2018	Endorsement of the Honourable Mr. Justice Dunphy dated June 27, 2018 Presiding officer Justice Dunphy	PDF · Subscribers

22 Jun 2018	Motion Record of Receiver Returnable June 22, 2018 Applicant B&M HANDELMAN INVESTMENTS LIMITED, E. MANSON INVESTMENTS LIMITED, BAMBURGH HOLDINGS LIMITED, 4055845 CANADA INC., JEFFREY GERTMER, 5K INVESTMENTS INC.,558678 ONTARIO LIMITED, and PAUL HERBERT PROFESSIONAL CORPORATION INC.. Appointee Rosen Goldberg Inc. Appointee role Receiver Commencement date 19 March 2018 + 4 more extracted facts	PDF · Subscribers

19 Mar 2018	Application Record Returnable March 19, 2018 Applicant B. & M. HANDELMAN INVESTMENTS LIMITED, E. MANSON INVESTMENTS LIMITED, BAMBURGH HOLDINGS LIMITED, 4055845 CANADA INC., JEFFREY GERTNER, 5K INVESTMENTS INC., 558678 ONTARIO LIMITED and PAUL HERBERT PROFESSIONAL CORPORATION INC. Commencement date 9 March 2018 Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST) Court file no CV-18-593698-00CL + 4 more extracted facts	PDF · Subscribers

19 Mar 2018	Endorsement of the Honourable Justice McEwen dated March 19, 2018 Presiding officer Justice McEwen	PDF · Subscribers

19 Mar 2018	Order of the Honourable Justice McEwan Appointing Receiver Applicant B. & M. HANDELMAN INVESTMENTS LIMITED, E. MANSON INVESTMENTS LIMITED, BAMBURGH HOLDINGS LIMITED, 4055845 CANADA INC., JEFFREY GERTNER, 5K INVESTMENTS INC., 558678 ONTARIO LIMITED and PAUL HERBERT PROFESSIONAL CORPORATION INC. Appointee Rosen Goldberg Inc. Appointee role receiver and manager Commencement date 19 March 2018 + 4 more extracted facts	PDF · Subscribers

19 Mar 2018	Order of the Honourable Justice McEwen dated March 19, 2018 (sales process and sealing Order) Order date 19 March 2018 Presiding officer Justice McEwen Sale outcome Sale process approved — the marketing and sale process for the Property as set out in the Pre-Filing Report is hereby approved Break fee Subscribers + 1 more extracted fact	PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Skymark Properties 1 Corporation” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/skymark-properties-1-corporation