Ontario · Receivership (court-appointed)
Application Record dated December 11, 2024
Application / notice of application · 11 December 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 filing2 verified
- secured creditorsnote: Loan Facility originally up to $22,500,000 (2021), revised/authorized amount $17,805,024 under Fourth Commitment Amendment effective March 1, 2024 (a facility limit, not the outstanding balance). $17,017,038 is the exact demanded balance stated as of Nov 18, 2024, plus additional interest accruing at $4,328.69 per diem thereafter and additional costs/legal fees. Notice of Intention to Enforce Security delivered Nov 18, 2024 under BIA s.244. · page: 12 · as of: 2024-11-18 · amount: 17017038 · debtor: 3803DSW TAS LP, 3803 DSW MR LP, 3803 DSW Urban Properties Inc. (collectively the Borrower); guaranteed by Tas DesignBuild LP · creditor: Cameron Stephens Mortgage Capital Ltd. · currency: CAD · security: First ranking mortgage (registered principal $27,000,000) against 3775-4005 Dundas Street West, Toronto incorporating SCT 201125; General Security Agreements over all present and future personal property of each Borrower entity; Guarantee and Postponement of Claim from Tas DesignBuild LP
- secured creditorsnote: Secured party disclosed on PPSA search against 3803 Urban Properties Inc.; amount not stated in filing. No PPSA registrants other than Cameron Stephens found against 3803DSW TAS LP or 3803 DSW MR LP. · page: 13 · as of: PPSA search current to November 26, 2024 · debtor: 3803 DSW Urban Properties Inc. · creditor: Canadian Imperial Bank of Commerce · currency: CAD · security: PPSA registration in respect of accounts, and other