Ontario · Receivership (court-appointed)

Responding Application Record

Application / notice of application · 21 July 2025

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What we verified from this filing1 verified

secured creditorsnote: Amount is stated as a floor ('currently sitting at a balance of more than $14,000,000'); this is the applicant/secured lender in a s.243 BIA receivership application against the respondent debtor · page: 13 · as of: 2025-07-21 · amount: 14000000 · debtor: 485 Logan Developments Inc. · creditor: Romspen Investment Corporation · currency: CAD · security: Construction/mortgage financing (Romspen Loan); refinanced December 23, 2021, with the loan increased from approximately $28,000,000 to just over $30,000,000 (original refinanced advance amount, not a current balance)