Ontario · Receivership (court-appointed)
Motion Record
Application / notice of application · 14 August 2026
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What we verified from this filing5 verified
- secured creditorsnote: Prospective refinancing lender under commitment letter; relates to properties in the separate St. Gaspar's Receivership proceeding · page: 38 · as of: Commitment Letter dated July 15, 2026 · debtor: St. Gaspar's Development Corp. · creditor: Firm Capital Corporation and/or Firm Capital Mortgage Fund Inc. · currency: CAD · security: First mortgage loan, principal amount $15,000,000 - facility/commitment amount, not yet advanced, in favour of a debtor in the related St. Gaspar's Receivership, not these Debtors
- secured creditorsnote: Prospective refinancing lender under commitment letter, not yet secured/advanced as of report date; commitment further secured post-amendment by Cedar Glen Charge over 46 Cedar Glen Court (principal $1,000,000) granted by Joseph and Marianna Pinto (related parties/guarantors), and personal guarantees of Giuseppe Pinto (Guarantor) and limited guarantee of Marianna Pinto · page: 38 · as of: Commitment Letter dated July 8, 2026, as amended · debtor: St. Gaspar's Investment Corp., Wilson Heights Investments Ltd., 2276918 Ontario Inc., Pauline Centre Corp. · creditor: Laminar Custodian Limited and Almore Capital Ltd. · currency: CAD · security: Contemplated first-ranking mortgages over 126 Millwick, 134 Millwick, 143 & 145 Millwick, 3019 Dufferin, and certain other properties subject to St. Gaspar's Receivership; loan principal amount $26,000,000 (increased by $1,000,000 amendment) - facility/commitment amount, not yet advanced
- secured creditorsnote: Obligations incurred by the Receiver in administering the proceedings, including Receiver's borrowings, fees/disbursements of Receiver and counsel (TGF, Fogler), accrued utilities/property taxes/insurance/security/property management, appraisal costs, and reserve for Remaining Matters; secured by Receiver's Charge, priming other interests. · page: 41 · as of: 2026-08-11 · amount: 447001 · debtor: Wilson Heights Investments Ltd., 2276918 Ontario Inc., Pauline Centre Corp. · creditor: Zeifman Partners Inc. (Receiver) and its counsel/professionals · currency: CAD · security: Receiver's Charge over the Property pursuant to paragraph 17 of the Appointment Order
- secured creditorsnote: DISCHARGED in substance - Receiver understands underlying indebtedness was repaid from proceeds of Hillmount's initial loan advance, but the CWB Registration was inadvertently never discharged; being addressed as part of Refinancing Transactions; no balance stated. · page: 41 · debtor: Wilson Heights Investments Ltd. · creditor: Canadian Western Bank · currency: CAD · security: PPSA registration under Personal Property Registry, prior in time to Hillmount's registrations (the 'CWB Registration')
- secured creditorsnote: Payout/discharge statement amount as at August 21, 2026 (Appendix M), with per diem of $3,908.04 thereafter; prose in First Report/Notice of Motion also cites $15,076,786.83 as at Aug 21, 2026. Related St. Gaspar's Receivership debtors owe Hillmount a further $17,939,358.66 as at Aug 21, 2026 (aggregate Hillmount Indebtedness across both proceedings approx. $33,016,145.49/.50 as stated); receiver's counsel obtained independent legal opinion (Loopstra Nixon) confirming validity/enforceability and first registered mortgage priority. · page: 199 · as of: 2026-08-21 · amount: 15076786.83 · debtor: Wilson Heights Investments Ltd., 2276918 Ontario Inc., Pauline Centre Corp. · creditor: Hillmount Capital Mortgage Holdings Inc. · currency: CAD · security: First mortgage on each of the Real Property (126 Millwick, 134 Millwick, 143 & 145 Millwick, 3019 Dufferin), among other security