Ontario · Receivership (court-appointed)
Supplementary Report to the Second Report of the Receiver (for motion returnable May 27, 2024) (appendices included in motion record)
Court officer report · 1 May 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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: Based on the values set out in the Cushman Appraisal and the CBRE Appraisal, if the Jefferson Properties were sold today on an 'as-is, where-is' basis, CSMCL would suffer a material loss, with no recovery for any of the Debtors' other creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: CSMCL (the Lending Group's mortgage administrator) · creditor name: CSMCL · interim final: unstated · conditional on: if the Jefferson Properties were sold today on an 'as-is, where-is' basis · claims qualifier: unstated; basis: estimated · quote: Based on the values set out in the Cushman Appraisal and the CBRE Appraisal, if the Jefferson Properties were sold today on an 'as-is, where-is' basis, CSMCL would suffer a material loss, with no recovery for any of the Debtors' other creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: the Debtors' other creditors · interim final: unstated · conditional on: if the Jefferson Properties were sold today on an 'as-is, where-is' basis · claims qualifier: unstated · stated on: 2024-05-01 · table missing: