Ontario · Receivership (court-appointed)
Twenty-First Report of the Receiver dated May 5, 2021 - Part 1 of 3
Court officer report · 5 May 2021
Also filed as: Ninth Report of the Receiver dated May 5, 2021 - Part 1 of 3; Sixth Report of the Receiver dated May 5, 2021 - Part 1 of 3; Twenty-First Report of the Receiver dated May 5, 2021 - Part 1 of 3; Twenty-First Report of the Receiver dated May 5, 2021 - Part 1 of 3; Twenty-First Report of the Receiver dated May 5, 2021 - Part 1 of 3; Twenty-First Report of the Receiver dated May 5, 2021 - Part 1 of 3; Twenty-First Report of the Receiver dated May 5, 2021 - Part 1 of 3
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 filing4 verified
- closing confirmedscope: Scollard's real property · outcome: completed · date basis: unstated; scope: Vaughan Crossings' real property · outcome: completed · date basis: unstated; scope: Legacy Lane's real property · outcome: completed · date basis: unstated; scope: 525 Princess' real property · outcome: completed · date basis: unstated; scope: 555 Princess' real property · outcome: completed · date basis: unstated; scope: 445 Princess' applicable real property · outcome: completed · date basis: unstated; scope: McMurray's real property · outcome: completed · date basis: unstated; scope: Ross Park's real property · outcome: completed · date basis: unstated
- purchaserprice: note: approximately $11.1 million; figure appears in millions in source text · basis: cash · amount: 11.1 · sealed: false · currency: CAD · scope: Scollard's real property · status: closed · name note: purchaser of Scollard's real property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: note: SMI partially converted into an equity position in the purchaser, which had to borrow $15 million against the real property to fund the transaction · basis: mixed · amount: 15 · sealed: false · currency: CAD · scope: Vaughan Crossings' real property · status: closed · name note: purchaser of Vaughan Crossings' real property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: basis: cash · amount: 650000 · sealed: false · currency: CAD · scope: Legacy Lane's real property · status: closed · name note: purchaser of Legacy Lane's real property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: note: approximately $2.1 million · basis: cash · amount: 2.1 · sealed: false · currency: CAD · scope: 525 Princess' real property · status: closed · name note: purchaser of 525 Princess' real property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: note: approximately $2.1 million · basis: cash · amount: 2.1 · sealed: false · currency: CAD · scope: 555 Princess' real property · status: closed · name note: purchaser of 555 Princess' real property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: note: approximately $7.55 million · basis: cash · amount: 7.55 · sealed: false · currency: CAD · scope: 445 Princess' applicable real property · status: closed · name note: purchaser of 445 Princess' real property, unnamed · structure: real_property · name source: recital · relationship: unstated; price: note: approximately $2.8 million · basis: cash · amount: 2.8 · sealed: false · currency: CAD · scope: McMurray's real property · status: closed · name note: purchaser of McMurray's real property, unnamed, private sale by prior-ranking mortgagee · structure: real_property · name source: recital · relationship: unstated; price: note: of which only approximately $2.25 million in cash is to be paid on closing, with the balance satisfied by a new mortgage · basis: mixed · amount: 7.25 · sealed: false · currency: CAD · scope: Ross Park's real property · status: closed · name note: purchaser of Ross Park's real property, unnamed · structure: real_property · name source: recital · relationship: unstated
- recovery outcomeentries: basis: actual · quote: In this action, the plaintiffs seek no relief from any of the Defendants with respect to the Hazelton SMI (which was the only SMI that was repaid in full) or the Guildwood SMI (the settlement agreement for which treats the Guildwood SMI's indebtedness as having been repaid in full). · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Hazelton SMI · creditor name: Hazelton · interim final: unstated · related party: false · claims qualifier: unstated; basis: unstated · quote: In this action, the plaintiffs seek no relief from any of the Defendants with respect to the Hazelton SMI (which was the only SMI that was repaid in full) or the Guildwood SMI (the settlement agreement for which treats the Guildwood SMI's indebtedness as having been repaid in full). · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Guildwood SMI · creditor name: Guildwood · interim final: unstated · related party: false · claims qualifier: unstated · stated on: 2021-05-05 · table missing:
- sale outcometext: Multiple Receivership Projects sold via Court-approved marketing and sale processes · scope: whole_business · status: closed