British Columbia · Receivership (court-appointed)
Affidavit #1 of Kathy Wang, filed November 5, 2024
Affidavit · 5 November 2024
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 filing4 verified
- secured creditorsnote: Outstanding balance not stated; order directs payment of 'the amount required to pay the outstanding balance of its interest' plus interest to date of payment. · page: 7 · debtor: Coromandel Cambie 59 BT Ltd. (registered owner of the Mortgaged Property) · creditor: Computershare Trust Company of Canada, acting as collateral trustee for Desjardins Financial Security Life Assurance Company · currency: CAD · security: First mortgage registered No. CA7184754 and Assignment of Rents registered No. CA7184755 against 7510 Cambie Street, Vancouver, PID 029-788-897
- secured creditorsnote: Outstanding balance not stated as a fixed figure; affidavit (p.2) estimates a shortfall on recovery of Jin-Ocean's indebtedness of 'between approximately $1 million and $2 million' if the original $32,000,000 Offer closes. · page: 7 · debtor: Coromandel Cambie 59 BT Ltd. (registered owner of the Mortgaged Property) · creditor: Jin-Ocean Mortgage Investment Corporation · currency: CAD · security: Second mortgage registered No. CA9341014 and Assignment of Rents registered No. CA9341015 against 7510 Cambie Street, Vancouver, PID 029-788-897
- secured creditorsnote: Amount not stated in the charges table; affidavit (p.2) separately estimates future property transfer tax on the Purchaser's transfer 'in excess of $1.2 million', which is distinct from this registered lien's amount. · page: 7 · debtor: Coromandel Cambie 59 BT Ltd. (registered owner of the Mortgaged Property) · creditor: His Majesty The Queen in Right of the Province of British Columbia · currency: CAD · security: Property Transfer Tax Act Lien, registered No. WX2176322 against 7510 Cambie Street, Vancouver, PID 029-788-897
- secured creditorsnote: Registered judgment lien; amount not stated. · page: 8 · debtor: Coromandel Cambie 59 BT Ltd. (registered owner of the Mortgaged Property) · creditor: Gall Legge Grant Zwack LLP · currency: CAD · security: Judgment registered No. CB1128843 against 7510 Cambie Street, Vancouver, PID 029-788-897