Ontario · Receivership (court-appointed)
Motion Record of Receiver returnable September 9, 2025 (Approval and Vesting Order)
Application / notice of application · 2 September 2025
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 filing6 verified
- secured creditorsnote: Original interest-only Loan extended January 2024 was $500,000; per payout statement (Appendix G), $582,024.89 was owing under the second charge as of September 2, 2025. Richard Goldberg, who controls the Stalking Horse Bidder/Purchaser, holds a beneficial interest (personally) in this loan — related-party interest noted by Receiver. · page: 16 · as of: 2025-09-02 · amount: 582024.89 · debtor: Centreville Homes (Pickering) Inc. (Pickering Debtor) · creditor: RCMF Mortgage Investments Inc. · currency: CAD · security: Second-ranking charge against the Pickering Property; second-ranking general security agreement over all personal property of the Pickering Debtor
- secured creditorsnote: Original interest-only Loan extended August 2022 was $6,000,000; per payout statement (Appendix G), $5,159,349.39 was owing under the first charge as of September 2, 2025. Richard Goldberg, who controls the Stalking Horse Bidder/Purchaser, holds a beneficial interest (through another company) in this loan — related-party interest noted by Receiver. · page: 16 · as of: 2025-09-02 · amount: 5159349.39 · debtor: Centreville Homes (Pickering) Inc. (Pickering Debtor) · creditor: Rescom Capital (C & K Mortgage Services Inc.) and Canadian Western Trust Company (CWT) · currency: CAD · security: First-ranking charge against the Pickering Property; first-ranking general security agreement over all personal property of the Pickering Debtor
- secured creditorsnote: Interest-only Loan extended June 2022, original principal advance of $5,570,000; no dated outstanding balance stated in the document. · page: 71 · debtor: Centreville (Shelburne) Inc. (Shelburne Debtor) · creditor: Rescom Capital (C & K Mortgage Services Inc.) and Canadian Western Trust Company (CWT) · currency: CAD · security: First-ranking charge against the Shelburne Property; first-ranking general security agreement over all personal property of the Shelburne Debtor
- secured creditorsnote: Interest-only Loan extended March 2020, original principal advance of $2,460,000; document states no dated outstanding balance, so the original advance (not a balance) is reported here as null amount. · page: 71 · debtor: Centreville Homes (Essa Road) Inc. (Essa Debtor) · creditor: B & M Handelman Investments Limited, Carol Handelman, Beverley Gordon, 4055845 Canada Inc., Bamburgh Holdings Ltd., Amanda Salem, Marvin Teperman, Hilda Zahler, Aurelia Ostro, Eitan Ostro, Jeffrey Gertner, M & B Baranek Limited, Werger Holdings Inc., Robert Berger, Janet Golfman, Gary Lipton, Gerald Maldoff, Starglow International Inc., 593651 Ontario Ltd., Ridgestar Developments Inc., 1031436 Ontario Inc. and 1008118 Ontario Limited (collectively "B & M Handelman et al.") · currency: CAD · security: First-ranking charge against the Essa Property; first-ranking general security agreement over all personal property of the Essa Debtor
- secured creditorsnote: Interest-only Loan extended July 2024, original principal advance of $750,000; no dated outstanding balance stated in the document. · page: 71 · debtor: Centreville Homes (Essa Road) Inc. (Essa Debtor) · creditor: RCMF Mortgage Investments Inc. · currency: CAD · security: Second-ranking charge against the Essa Property; second-ranking general security agreement over all personal property of the Essa Debtor
- secured creditorsnote: Interest-only Loan extended June 2023, original principal advance of $1,000,000; no dated outstanding balance stated in the document. · page: 72 · debtor: Centreville (Shelburne) Inc. (Shelburne Debtor) · creditor: Rescom Capital (C & K Mortgage Services Inc.) · currency: CAD · security: Second-ranking charge against the Shelburne Property; second-ranking general security agreement over all personal property of the Shelburne Debtor