Ontario · Receivership (court-appointed)
Notice to Unit Purchasers dated September 27, 2024 - Tower A
Notice to creditors · 27 September 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 filing2 verified
- secured creditorsnote: Described as 'a first mortgage secured creditor of the Partnership'; no balance stated. · page: 1 · debtor: 1776411 Ontario Ltd. and 1333 Weber Street Kitchener LP (the Partnership) · creditor: Genesis Mortgage Investment Corp. (GMIC) · currency: CAD · security: First mortgage
- secured creditorsnote: Floor amount; document states lenders 'have advanced over $60 million to date'; individual lenders and security details not named beyond GMIC. · page: 3 · as of: October 25, 2023 · amount: 60000000 · debtor: 1776411 Ontario Ltd. and 1333 Weber Street Kitchener LP (the Partnership) · creditor: Lenders (aggregate, unnamed) · currency: CAD · security: Project financing (mortgages/loans) - lenders not individually identified