Ontario · Receivership (court-appointed)
Motion Record
Application / notice of application · 13 September 2024
What we verified from this filing15 verified
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-24-00714813-00CL
- provinceONTARIO
- secured creditorsnote: Only registered principal amount stated; no balance/payout amount stated in the record. · page: 11 · as of: 2022-06-27 · debtor: 1703306 Ontario Inc. · creditor: GR8SPACE4U Inc. · currency: CAD · security: Second mortgage against the Hodgkins Lots, registered in principal sum of $1,300,000, registered June 27, 2022 (the 'Second Mortgage')
- secured creditorsnote: Quasi-governmental claim; CRA tax lien (deemed trust class). · page: 12 · as of: 2024-02-21 · amount: 1731856.15 · debtor: R.O. Beam & Son Construction Limited (Lot 36) · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Tax lien registered against Lot 36
- secured creditorsnote: Amount is the balance per Hillmount's Payout Statement dated September 11, 2024 (Appendix '5' to First Report); interest continues to accrue thereon from that date. $7,192,000.00 is the registered principal amount, not a balance. · page: 22 · as of: 2024-09-11 · amount: 2641611.47 · debtor: 1703306 Ontario Inc. (borrower); R.O. Beam & Son Construction Limited (guarantor) · creditor: Hillmount Capital Mortgage Holdings Inc. · currency: CAD · security: First mortgage against the Hodgkins Lots, registered in principal amount of $7,192,000.00 on June 27, 2022 (the 'Hillmount Mortgage')
- secured creditorsnote: Lien never perfected; may shelter under Cotton/Keizer liens on same property. Contract value ($24K) differs from stated amount owing (~$17K). · page: 24 · as of: 2023-11-23 · amount: 17393 · debtor: 1703306 Ontario Inc. · creditor: CH Plumbing Inc. · currency: CAD · security: Construction lien registered against Lot 3
- secured creditorspage: 24 · as of: 2023-11-28 · amount: 24329.49 · debtor: 1703306 Ontario Inc. · creditor: Pollard Windows Inc. · currency: CAD · security: Construction lien registered against Lot 4 (a Finished Home, not part of the Sale Transactions)
- secured creditorspage: 24 · as of: 2023-11-28 · amount: 35650.85 · debtor: 1703306 Ontario Inc. · creditor: Turkstra Lumber Company Limited · currency: CAD · security: Construction lien registered against Lot 39
- secured creditorspage: 24 · as of: 2023-08-04 · amount: 117587.07 · debtor: 1703306 Ontario Inc. · creditor: Cotton Inc. · currency: CAD · security: Construction lien registered against Lot 39
- secured creditorspage: 24 · as of: 2023-08-04 · amount: 54842.02 · debtor: 1703306 Ontario Inc. · creditor: Cotton Inc. · currency: CAD · security: Construction lien registered against Lot 3
- secured creditorspage: 24 · as of: 2023-08-04 · amount: 44814.38 · debtor: 1703306 Ontario Inc. · creditor: Cotton Inc. · currency: CAD · security: Construction lien registered against Lot 15
- secured creditorspage: 24 · as of: 2023-08-04 · amount: 42780.67 · debtor: 1703306 Ontario Inc. · creditor: Cotton Inc. · currency: CAD · security: Construction lien registered against Lot 17
- secured creditorsnote: Receiver's analysis suggests this lien is likely out of time and never perfected. · page: 24 · as of: 2023-09-20 · amount: 45709.07 · debtor: 1703306 Ontario Inc. · creditor: Frank & Company Construction Limited · currency: CAD · security: Construction lien registered against Lot 6
- secured creditorsnote: Title-search instrument (registration SN782625, same date) shows lien amount of $474,038; Keizer separately advised during the Receivership Application it was owed $320,247.00 relating to the Hodgkins Lots. · page: 24 · as of: 2023-10-19 · amount: 479645.9 · debtor: 1703306 Ontario Inc. · creditor: Keizer Investments Ltd. (Home Hardware) · currency: CAD · security: General construction lien registered against all Hodgkins Lots (and other properties), supply period back to 2021