Ontario · Receivership (court-appointed)
Application Record Part 3 of 6
Application / notice of application · 4 June 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- secured creditorsnote: Original principal sum advanced/secured under the Charge was $8,500,000.00 (Schedule recital (a); also matches Consideration of $8,500,000.00 shown in related s.71 Notice YR3485041 registered 2022-10-07). The Amending Agreement (effective 2022-10-01, signed October 6, 2022) states $7,385,000.00 'presently outstanding under the Charge' and extends the Balance Due Date and Last Payment Date to 2024/04/01; interest rate provision replaced with a schedule referencing prime rate. · page: 18 · as of: 2022-10-01 · amount: 7385000 · debtor: Teresa Greco, Mario Greco and Lisa Volpe (as Chargor) · creditor: Hillmount Capital Mortgage Holdings Inc. · currency: CAD · security: Charge registered in the Land Registry Office for the York Land Titles Office (No. 65) on 2021-06-21, Instrument No. YR3269552, over the Charged Property; per the Charge terms, a valid first Lien on PIN 03719-0095 LT and a valid second Lien on PINs 03719-0552 LT, 03719-0084 LT, 03719-0140 LT, 03719-1199 LT and 03719-0595 LT (all subject to Permitted Encumbrances)
- secured creditorsnote: The Notice states 'Consideration $11,800,000.00'; the excerpted pages do not include an amending schedule for this Notice, so whether this figure represents an increased principal advance, a further amendment to the Charge, or another transaction value is not specified in the document. · page: 25 · as of: 2023-12-22 · amount: 11800000 · debtor: Teresa Greco, Mario Greco and Lisa Volpe (as Chargor) · creditor: Hillmount Capital Mortgage Holdings Inc. · currency: CAD · security: Notice under Section 71 of the Land Titles Act, registered/receipted as YR3633630 on 2023-12-22, relating to registration numbers YR3269552, YR3269553 and YR3485041 (the same Charge and prior Notice)