Ontario · Receivership (court-appointed)
First Report of the Receiver dated May 19, 2026
Court officer report · 19 May 2026
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 filing3 verified
- secured creditorsnote: Aggregate total of 17 individually named lien claimants (e.g., Fusioncorp Developments Inc. $5,079,627; Southcrete Inc $469,882; Eurowood Carpentry 2000 Inc. $528,934; and others) as at September 24, 2025, per parcel searches obtained by Lender's counsel (Chaitons LLP). Pollard Windows Inc. claims, among other things, full priority over the Lender's mortgage (disputed priority). Receiver has consented to issuance of Statements of Claim to protect lien claims, with no further steps absent further court order. · page: 46 · as of: 2025-09-24 · amount: 8871046 · debtor: TrinityStar Developments Inc. · creditor: Construction lien claimants (multiple, various trades) · currency: CAD · security: Construction liens registered against title to the Real Property (individual lots/blocks), per parcel searches (Exhibit J) and summary of registered liens by lot (Exhibit K)
- secured creditorsnote: Registration disclosed by PPSR search; balance not stated in the document. · page: 47 · debtor: TrinityStar Developments Inc. · creditor: Royal Bank of Canada · currency: CAD · security: PPSA registration in respect of accounts (second in registration order after the Lender's registration)
- secured creditorsnote: Commitment Letter dated August 24, 2022 provided a $29,000,000 credit facility ($26,500,000 construction + $2,500,000 letters of credit) - facility limit, not balance. Outstanding balance of $19,004,594.12 (principal, interest, fees and letters of credit) confirmed per mortgage statement as at September 29, 2025 (Exhibit M to Marriott Affidavit). Loan also guaranteed personally by Dunstan Peter, principal/sole director of the Debtor (personal guarantee, related party). · page: 60 · as of: 2025-09-29 · amount: 19004594.12 · debtor: TrinityStar Developments Inc. · creditor: Cameron Stephens Mortgage Capital Ltd. (CSMC) · currency: CAD · security: Charge/mortgage of land registered against title to the Real Property on May 31, 2023, securing principal amount of $31,900,000 (registered principal, not balance); General Security Agreement dated November 28, 2022 over all present and after-acquired personal property of the Debtor; PPSA registration re inventory, equipment and accounts