British Columbia · Receivership (court-appointed)
Petition to the Court
Application / notice of application · 21 February 2024
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What we verified from this filing2 verified
- secured creditorsnote: Registered/principal sum secured under Mortgage stated as $15,000,000 (facility principal, not balance); interest accruing at $2,460.97/day at time of statement. Amounts secured are payable on demand; demand made Jan 15, 2024. Additionally secured by Guarantor GSA (base reg 425243N) over personal property of guarantor Ze Wen Zhong, and by personal guarantee of Ze Wen Zhong dated Nov 15, 2021 (personal guarantor - individual, not a separate creditor entity). · page: 6 · as of: 2024-02-14 · amount: 10445412.99 · debtor: Grandlake Investment Corp. · creditor: First Commercial Bank · currency: CAD · security: Mortgage and assignment of rents dated Nov 15, 2021, registered Dec 14, 2021 in New Westminster LTO (CA9580598, CA9580599); General Security Agreement (Debtor GSA) dated Nov 15, 2021 over all present and after-acquired personal property of the Debtor, PPR base registration 425243N
- secured creditorsnote: Charges registered and ranked in priority BEHIND the Petitioner's (First Commercial Bank's) interest; outstanding amount not stated in document. · page: 6 · debtor: Grandlake Investment Corp. · creditor: Intact Insurance Company Intact Compagnie D'Assurance · currency: CAD · security: Registered mortgage and assignment of rents against the Lands (CA9581070, CA9581071); PPSA financing statement, base registration 353003N