Ontario · Receivership (court-appointed)
Application Record
Application / notice of application · 2 October 2024
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 filing11 verified · 1 withheld
- applicantROMSPEN INVESTMENT CORPORATION
- commencement date2 October 2024
- courtSUPERIOR COURT OF JUSTICE COMMERCIAL LIST
- court file noCV-24-00728627-00CL
- appointeeROSEN GOLDBERG INC.
- appointee roleProposed Receiver
- secured creditorsnote: Outstanding balance as of August 12, 2024 per Loan Statement (Exhibit T); loan in default since September 18, 2023; single advance of $9,655,521.00 made May 18, 2022 against approved loan amount of $48,100,000 · page: 12 · as of: 2024-08-12 · amount: 11181068.45 · debtor: Landmark - 416 Dundas St. Ltd. · creditor: Romspen Investment Corporation · currency: CAD · security: Charge/Mortgage registered May 18, 2022 (DR2133935); Notice of Assignment of Rents General registered May 18, 2022 (DR2133936); General Security Agreement registered May 16, 2022 over personal property; assignment of cash security paid to Town of Whitby ($316,970.91) and Regional Municipality of Durham ($62,900.00); registered principal/facility amount $48,100,000
- secured creditorsnote: Lien claimant · page: 14 · as of: 2022-10-31 · amount: 1077861.8 · debtor: Landmark - 416 Dundas St. Ltd. · creditor: Earthline Foundations and Shoring Ltd. · currency: CAD · security: Construction Lien registered October 31, 2022 (DR2185460), followed by Certificate registered December 7, 2022 (DR2195294)
- secured creditorsnote: Lien claimant · page: 14 · as of: 2023-03-30 · amount: 210296.88 · debtor: Landmark - 416 Dundas St. Ltd. · creditor: Oben Build Inc. · currency: CAD · security: Construction Lien registered March 30, 2023 (DR2219972), followed by Certificate registered March 31, 2023 (DR2220248)
- secured creditorsnote: Joint lien claimants (multiple parties named on single registration) · page: 14 · as of: 2022-11-04 · amount: 314570.1 · debtor: Landmark - 416 Dundas St. Ltd. · creditor: Innocon, Innocon Inc., Lafarge Canada Inc. and Lehigh Hanson Materials · currency: CAD · security: Construction Lien registered November 4, 2022 (DR2187101), followed by Certificate registered December 1, 2022 (DR2193974)
- secured creditorsnote: Lien claimant · page: 14 · as of: 2022-11-09 · amount: 224992.38 · debtor: Landmark - 416 Dundas St. Ltd. · creditor: Roni Excavating Limited · currency: CAD · security: Construction Lien registered November 9, 2022 (DR2188003), followed by Certificate registered December 16, 2022 (DR2198556)
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.