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What we verified from this filing2 verified
- financial positionnote: Total current and long-term assets of $87,230,804 as of Dec 31, 2025, per unaudited financial statements (Exhibit Q), consisting primarily of the Real Property, cash, accounts receivable, deposits/prepaid expenses and GST receivable. No stated total liabilities figure; liabilities reported only as components (described as 'numbers updated to be current', i.e. a different, later date than the Dec 31, 2025 asset figure): accounts payable and accrued liabilities $4,278,019; loans payable and accrued $1,714,780; due to related companies $17,288,127; Construction Loan $53,866,826 (page 14). · page: 13 · as at: 2025-12-31 · basis: unaudited financial statements · scope: 464 Eaglecrest Drive Limited Partnership (entity-level; not stated as consolidated) · currency: CAD · total assets: 87230804
- secured creditorsnote: Same debt (Construction Loan) also stated as 'approximately $48.3 million' owed as of May 5, 2026, per formal Demand for payment (Exhibit O, page 11); exact balance-sheet figure used as amount. Original facility principal under Oct 20, 2021 Loan Commitment Letter was $46,296,000 (facility limit, not balance) (page 10). Robert Chetner and Jun Bi are personal guarantors/indemnitors (individuals, related party principals of the Petitioners) (page 11, 48). · as of: numbers updated to be current (per affidavit, para 80) · amount: 53866826 · debtor: 464 Eaglecrest Drive Limited Partnership (borrower); TCD Developments (Gibsons) Ltd., 464 Eaglecrest Drive Properties Ltd., and Kind Development Group Ltd. granted security/indemnities as indemnitors · creditor: Envision Financial, a division of Tru Cooperative Bank (formerly First West Credit Union) · currency: CAD · security: CreditMaster Mortgage and Assignment of Rents (first fixed charge) over the Property (PID 030-982-421); Commercial Security Agreements creating first-ranking security interest in all present and after-acquired personal property of the Borrower, TCD, and Eaglecrest Properties; Commercial Security Agreement from Kind Development Group Ltd. creating second-ranking security interest in its present and after-acquired property; Indemnity Agreements from Kind Development, TCD, Eaglecrest Properties, Robert Chetner and Jun Bi; Assignment of Sale Proceeds, Permits/Material Contracts, and Shareholder Loans