Ontario · Receivership (court-appointed)
Applicant’s Motion Record (Part 1), returnable February 9, 2026
Application / notice of application · 9 February 2026
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What we verified from this filing3 verified
- secured creditorsnote: RBC Loan granted prior to redevelopment of the Properties; loan is in default. Applicant has paid all outstanding arrears to RBC and continues to service it bi-weekly ($4,493.67) to preserve enforcement rights and forestall RBC enforcement; total arrears paid by Applicant to date is $243,527.48 (not RBC's outstanding balance, which is not stated). · page: 10 · debtor: Hamidreza Naderian and the Estate of Reyhaneh Golestani, Deceased · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Mortgage/charge over Property A (Instrument No. AT5996796) and Property B (Instrument No. AT5996798); stated 'face value' of the RBC Loan on the Properties is $1,865,000.00 (registered principal/face value, not a stated outstanding balance)
- secured creditorsnote: Loan personally guaranteed by the Borrowers (Naderian and the Deceased). Amount shown is the Mortgage Statement for Discharge Purposes (MSDP) balance as of Nov 15, 2025 (valid until Nov 20, 2025, per diem interest $540.96 thereafter). An earlier Notice of Sale/Notice of Intention to Enforce Security dated Feb 20, 2025 had stated the amount owed (incl. HST) as $1,319,549.68. · page: 31 · as of: 2025-11-15 · amount: 1646782.87 · debtor: Hamidreza Naderian (Property A) · creditor: 2715932 Ontario Inc. (Applicant, as assignee of Newland Financial Inc. effective October 2, 2025) · currency: CAD · security: Charge/mortgage registered as Instrument No. AT6220931 (Nov 9, 2022) over Property A, plus General Assignment of Rents (AT6220932); originally $1,000,000.00 principal, increased to $1,150,000.00 (agreed Nov 29, 2023, registered Dec 5, 2023 as AT6472670) and further increased to $1,300,000.00 (agreed June 2024, registered as AT6590194); second in priority to the RBC Mortgage
- secured creditorsnote: Loan personally guaranteed by the Borrowers (Naderian and the Deceased). Amount shown is the Mortgage Statement for Discharge Purposes (MSDP) balance as of Nov 15, 2025 (valid until Nov 20, 2025, per diem interest $490.70 thereafter). An earlier Notice of Sale/Notice of Intention to Enforce Security dated Feb 21, 2025 had stated the amount owed (incl. HST) as $1,165,185.60. · page: 31 · as of: 2025-11-15 · amount: 1493780.7 · debtor: The Estate of Reyhaneh Golestani, Deceased (Property B) · creditor: 2715932 Ontario Inc. (Applicant, as assignee of Newland Financial Inc. effective October 2, 2025) · currency: CAD · security: Charge/mortgage registered as Instrument No. AT6220929 (Nov 9, 2022) over Property B, plus General Assignment of Rents (AT6220930); originally $1,000,000.00 principal, increased to $1,150,000.00 (agreed Nov 29, 2023, registered Dec 5, 2023 as AT6472676); second in priority to the RBC Mortgage