British Columbia · Receivership (court-appointed)
First Report of the Court-appointed R eceiver, filed November 15, 2024
Court officer report · 15 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 filing7 verified
- secured creditorsnote: Second-ranking mortgage; interest continues to accrue; related to Purchaser/Stalking Horse Bidder (1475040 BC Ltd.) · page: 3 · as of: 2024-11-07 · amount: 8484954 · debtor: Coromandel Cambie 59 BT Ltd., Coromandel Cambie 59 Developments Ltd., Coromandel Cambie 59 Limited Partnership · creditor: Jin-Ocean Mortgage Investment Corporation · currency: CAD · security: Second-ranking mortgage over the Lands
- secured creditorsnote: Primary secured creditor; interest continues to accrue on this balance · page: 3 · as of: 2024-11-07 · amount: 22547338 · debtor: Coromandel Cambie 59 BT Ltd., Coromandel Cambie 59 Developments Ltd., Coromandel Cambie 59 Limited Partnership · creditor: Desjardins Financial Security Life Assurance · currency: CAD · security: Mortgage and assignment of rents dated October 30, 2018 over the Lands (first-ranking)
- process resultsbids: 2 · note: Foreclosure Sale Process results reported in Colliers' Marketing Report · as of: 2024-03-11 · solicited: 5400 · qualified bids: 2
- purchaser1475040 BC Ltd.; 1475040 BC Ltd.
- sale advisorColliers Macaulay Nicholls Inc.
- sale outcometext: Stalking Horse Bid presented for approval; SISP to test the market before closing · scope: whole_business · status: pending_approval
- stalking horse1475040 BC Ltd. (32576612.43)