Ontario · Receivership (court-appointed)
Monitor's First Report dated April 14, 2025.pdf
Court officer report · 14 April 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 filing13 verified
- secured creditorsnote: Refinancing did not close; Kingsett withdrew interest on February 25, 2025 due to non-disclosure of proceedings · page: 9 · debtor: Cacoeli Bloor Ossington LP · creditor: Kingsett Mortgage Corporation · currency: CAD · security: Proposed refinancing charge on 60 Centreville Street per executed commitment letter dated February 12, 2025
- secured creditorsnote: Aggregate loan balance as of Dec 31, 2024; in default per notice dated April 9, 2025 (Appendix K); second notice of default expected re Moore St./Lowther St. mortgage · page: 16 · as of: 2024-12-31 · amount: 5419459 · debtor: Cacoeli Heiman LP (also secured by 10138851 Canada Inc.) · creditor: MCAP Financial Corporation · currency: CAD · security: Mortgage securing 150-158 Heiman Street, Kitchener, Ontario; also mortgage securing 829-841 Moore St. and 356 Lowther Street, Cambridge, Ontario
- unsecured creditorsnote: Related party (deferred portfolio management fees); interfund payable · page: 16 · as of: 2024-12-31 · basis: Balance owing per December 31, 2024 financial statements (Appendix H) · amount: 260091 · debtor: Cacoeli Linnwood-Lowther LP · creditor: Cacoeli Living Inc. (CLI) - Due to CLI · currency: CAD
- unsecured creditorsnote: Related party (individuals Liu and Wong); liquidity injections · page: 16 · as of: 2024-12-31 · basis: Balance owing per December 31, 2024 financial statements (Appendix H) · amount: 16294 · debtor: Cacoeli Linnwood-Lowther LP · creditor: Officers of the Cacoeli Group - Due to Officers · currency: CAD
- unsecured creditorsnote: Related party (asset management fees deferred); interfund payable · page: 16 · as of: 2024-12-31 · basis: Balance owing per December 31, 2024 financial statements (Appendix I) · amount: 62724 · debtor: Cacoeli Heiman LP · creditor: Cacoeli Asset Management Inc. (CAM) - Due to CAM · currency: CAD
- unsecured creditorsnote: Related party (deferred portfolio management fees); interfund payable · page: 16 · as of: 2024-12-31 · basis: Balance owing per December 31, 2024 financial statements (Appendix I) · amount: 134562 · debtor: Cacoeli Heiman LP · creditor: Cacoeli Living Inc. (CLI) - Due to CLI · currency: CAD
- unsecured creditorsnote: Related party (asset management fees deferred); interfund payable · page: 16 · as of: 2024-12-31 · basis: Balance owing per December 31, 2024 financial statements (Appendix J) · amount: 82775 · debtor: Cacoeli Bloor Ossington LP · creditor: Cacoeli Asset Management Inc. (CAM) - Due to CAM · currency: CAD
- unsecured creditorsnote: Related party (individuals Liu and Wong); liquidity injections · page: 16 · as of: 2024-12-31 · basis: Balance owing per December 31, 2024 financial statements (Appendix J) · amount: 6093 · debtor: Cacoeli Bloor Ossington LP · creditor: Officers of the Cacoeli Group - Due to Officers · currency: CAD
- unsecured creditorsnote: Related party (deferred portfolio management fees); interfund payable · page: 16 · as of: 2024-12-31 · basis: Balance owing per December 31, 2024 financial statements (Appendix J) · amount: 15650 · debtor: Cacoeli Bloor Ossington LP · creditor: Cacoeli Living Inc. (CLI) - Due to CLI · currency: CAD
- unsecured creditorsnote: Related party (asset management fees deferred); interfund payable · page: 16 · as of: 2024-12-31 · basis: Balance owing per December 31, 2024 financial statements (Appendix H) · amount: 2507 · debtor: Cacoeli Linnwood-Lowther LP · creditor: Cacoeli Asset Management Inc. (CAM) - Due to CAM · currency: CAD
- unsecured creditorsnote: Deemed trust / regulatory-type quasi-governmental claim; amount not stated - CRA has authority to draw funds from CAM's account; garnishment order details unknown to Monitor, copy not yet located · page: 17 · basis: Garnishment order due to delayed corporate tax/HST filings for 2023 and 2024 and outstanding payroll tax balance · debtor: Cacoeli Asset Management Inc. (CAM) · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Scheduled mortgage payment amount returned NSF due to insufficient funds; April 2025 payment also returned NSF per para 75 · page: 18 · as of: week ending April 7, 2025 (returned NSF) · amount: 28398.38 · debtor: Cacoeli Bloor Ossington LP · creditor: CMLS Financial Ltd. · currency: CAD · security: Mortgage on Bloor Ossington LP property (60 Centreville Street)
- secured creditorsnote: Scheduled mortgage payment amount returned NSF due to insufficient funds · page: 18 · as of: week ending April 7, 2025 (returned NSF) · amount: 19534.25 · debtor: Cacoeli Bloor Ossington LP · creditor: Vault Capital · currency: CAD · security: Mortgage on Bloor Ossington LP property