Ontario · Receivership (court-appointed)
Seventh Report to Court - (Part 2 of 2).pdf
Court officer report · 16 October 2017
What we verified from this filing3 verified
- secured creditorsnote: Registered principal amounts, not outstanding balances; opinion letter expressly states no opinion is given on amount currently outstanding. Priority stated to be first over other registered encumbrances against the Property. · page: 2 · debtor: Golden Dragon Ho 11 Inc. (as successor to Quex Property Corporation, assumed May 18, 2016) · creditor: First National Financial GP Corporation · currency: CAD · security: Charge/Mortgage of Land on 345 Barber Street, Ottawa, registered principal $4,882,240.00, registered April 2, 2007 (Instrument #OC702787); Notice of Assignment of Rents re 345 Barber registered April 2, 2007 (#OC702788); General Security Agreement granted by GDH11 dated May 18, 2016
- secured creditorsnote: Registered principal amounts, not outstanding balances; opinion letter expressly states no opinion is given on amount currently outstanding. Priority stated to be first over other registered encumbrances against the Property; City of Ottawa and Province of Ontario claims postponed in favour of this Lender. · page: 3 · debtor: Golden Dragon Ho 10 Inc. (as successor to Quex Property Corporation, assumed May 18, 2016) · creditor: First National Financial GP Corporation · currency: CAD · security: Two Charges/Mortgages of Land on 347 Barber Street, Ottawa, registered principal $1,584,000.00 and $1,080,000.00, both registered April 9, 2008 (#OC839857, #OC839369); Notice of Security Interest registered April 9, 2008 (#OC839868); General Assignment of Rents registered April 9, 2008 (#OC839858); further Notice of Security Interest registered April 9, 2008 (#OC839879); General Assignments of Rents registered April 9, 2008 (#OC839870); General Security Agreement granted by GDH10 dated May 18, 2016; postponements by City of Ottawa and Her Majesty the Queen in right of Ontario registered May 3, 2013 (#OC1474005-OC1474010)
- secured creditorsnote: Registered principal amount, not outstanding balance; letter is a legal opinion on validity/perfection only, does not state amount currently outstanding. · page: 18 · debtor: Golden Dragon Ho 11 Inc. · creditor: Liahona Mortgage Investment Corporation · currency: CAD · security: Charge/Mortgage of Land on 345 Barber Street, Ottawa, registered principal $2,900,000.00, registered August 19, 2016 (Instrument #OC1818749); Notice of Assignment of Rents registered August 19, 2016 (#OC1818750); General Security Agreement dated August 19, 2016