Ontario · CCAA
Application Record of Findev Lending Inc. served July 14, 2026
Application / notice of application · 14 July 2026
What we verified from this filing10 verified
- applicantFindev Lending Inc.
- courtSUPERIOR COURT OF JUSTICE
- court file noCL-26-00000319-0000
- commencement date13 July 2026
- secured creditorsnote: HST Trust Claim - deemed-trust class indebtedness for unremitted HST per Requirement to Pay issued June 9, 2026. Proposed stalking horse credit bid/approval and reverse vesting order structure would reverse the priority of the HST Trust Claim to benefit the Applicant. · page: 32 · as of: 2026-06-09 · amount: 5524569.88 · debtor: 1682 Victoria Park Avenue Inc. · creditor: Canada Revenue Agency (His Majesty the King in Right of Canada, Minister of National Revenue) · currency: CAD
- secured creditorsnote: First mortgagee/first priority; WFCU Charge matured on or about June 30, 2026 and forbearance being negotiated with Applicant. Personally guaranteed by Paul Goldfischer (a.k.a. Zvi Arie Goldfischer, guarantor/individual) and Plazacorp Investments Limited (related party to the Applicant). · page: 33 · as of: 2026-06-30 · amount: 24328081.23 · debtor: 1682 Victoria Park Avenue Inc. · creditor: Windsor Family Credit Union Limited · currency: CAD · security: First charge/mortgage against title to 1648-1682 Victoria Park (Instrument No. AT6105081, registered June 13, 2022) in principal sum of $70,000,000.00 (registration ceiling); General Assignment of Rents (Instrument No. AT6105082)
- secured creditorsnote: Fifth mortgagee; postponed to Westmount, WFCU and Firm Capital Charges. · page: 33 · as of: 2026-06-30 · amount: 17000000 · debtor: 1682 Victoria Park Avenue Inc. · creditor: Yonge-Abell Mortgage Partners Limited · currency: CAD · security: Charge originally granted to Sorrenti Law Professional Corporation (Oct 31, 2013, Instrument Nos. AT3444643/AT4412173) in principal sum of $4,615,000.00, subsequently increased via registered notices to $11,500,000.00 (2016) (registration ceiling); transferred to Yonge-Abell Mortgage Partners Limited September 29, 2020 (Instrument Nos. AT5531426/AT5531427).
- secured creditorsnote: Applicant/fourth mortgagee (behind WFCU, Firm Capital and Westmount; ahead of Yonge-Abell). Demand letter and Notice of Intention to Enforce Security dated June 12, 2026 stated a round-figure indebtedness of $22,800,000.00 plus accruing interest and legal fees of $11,300.00 (inclusive of HST) - the exact June 30, 2026 balance is used as amount. Applicant anticipates a shortfall in excess of $10,000,000.00 on this Charge. · page: 33 · as of: 2026-06-30 · amount: 24347706 · debtor: 1682 Victoria Park Avenue Inc. · creditor: Findev Lending Inc. · currency: CAD · security: Charge/Mortgage of Land (Instrument No. AT447215/AT4472125, registered January 27, 2017) originally in favour of Towncorp Asset Management Inc., transferred to Findev Inc. (Feb 27, 2019) then to Findev Lending Inc. (Nov 27, 2020); registered/amended consideration increased over time to $10,000,000.00 (Notice AT5583517, Nov 27, 2020) (registration ceiling, not a balance); also secured by General Assignment of Rents (AT447216), General Security Agreement over all personal property (Jan 17, 2017), and Assignment of Insurance (Jan 17, 2017).
- secured creditorsnote: Third mortgagee; postponed to WFCU and Firm Capital Charges. · page: 33 · as of: 2026-06-30 · amount: 1000000 · debtor: 1682 Victoria Park Avenue Inc. · creditor: Westmount Guarantee Services Inc. · currency: CAD · security: Charge against title to 1648-1682 Victoria Park (Instrument No. AT5550826, registered October 21, 2020) in principal sum of $27,000,000.00 (registration ceiling)
- secured creditorsnote: Second mortgagee. · page: 33 · as of: 2026-06-30 · amount: 9000000 · debtor: 1682 Victoria Park Avenue Inc. · creditor: Firm Capital Mortgage Fund Inc. · currency: CAD · security: Second charge against title to 1648-1682 Victoria Park (Instrument No. AT6870139, registered July 30, 2025) in principal sum of $15,000,000.00 (registration ceiling); General Assignment of Rents (Instrument No. AT6870140)