Ontario · Receivership (court-appointed)
Application to Appoint a Receiver
Application / notice of application · 9 September 2025
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What we verified from this filing7 verified · 1 withheld
- applicantSKY MORTGAGE CORPORATION
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-25-00750546-00CL
- provinceONTARIO
- statutory basisSECTION 243(1) OF THE BANKRUPTCY AND INSOLVENCY ACT, R.S.C. 1985, C. B-3, AS AMENDED, AND SECTION 101 OF THE COURTS OF JUSTICE ACT
- secured creditorsnote: First Mortgage Loan total owing as of July 14, 2025 (excludes legal fees; per diem interest accruing). Obligations jointly and severally guaranteed by Mixed Use Developments (Ontario) L.P. (by its GP Mixed-Use Developments (Ontario) GP Inc.), Wasaga Developments and Infrastructure 2021 L.P. (by its GP Wasaga Developments and Infrastructure G.P. Inc.), U Real Estate Group Inc., and personal guarantor Mohammad Mahdi Tajbakhsh. Combined amount owing under both mortgage loans stated in prose as $2,564,824.53 as of July 14, 2025 (matches sum of both loan totals). · page: 9 · as of: 2025-07-14 · amount: 1538329.72 · debtor: 27 Harwood Avenue Inc. · creditor: Sky Mortgage Corporation · currency: CAD · security: First-ranking charge registered on title August 18, 2022; first-ranking assignment of rents registered August 18, 2022; first-ranking general security agreement dated August 15, 2022 (First Mortgage Loan, principal amount $1,500,000 pursuant to commitment letter dated August 4, 2022)
- secured creditorsnote: Second Mortgage Loan total owing as of July 14, 2025 (excludes legal fees; per diem interest accruing). Obligations jointly and severally guaranteed by Mixed Use Developments (Ontario) L.P. (by its GP Mixed-Use Developments (Ontario) GP Inc.), Wasaga Developments and Infrastructure 2021 L.P. (by its GP Wasaga Developments and Infrastructure G.P. Inc.), U Real Estate Group Inc., and personal guarantor Mohammad Mahdi Tajbakhsh. · page: 9 · as of: 2025-07-14 · amount: 1026494.81 · debtor: 27 Harwood Avenue Inc. · creditor: Sky Mortgage Corporation · currency: CAD · security: Second-ranking charge registered on title August 28, 2023; second-ranking assignment of rents registered August 28, 2023; second-ranking general security agreement dated August 28, 2023 (Second Mortgage Loan, principal amount $1,000,000 pursuant to commitment letter dated July 25, 2023); charge notes prior first mortgage of $1,500,000 registered August 18, 2022 (Instrument Nos. DR2164367/DR2164368) ranks ahead
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.