Ontario · Receivership (court-appointed)
Motion Record-Plaintiff-Peakhill Capital Inc.-VOL-1, dated September 30, 2026
Application / notice of application · 30 September 2026
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
- proceeding typereceivership_court
- secured creditorsnote: No outstanding balance stated on these pages; the Notice of Sale of Feb 27, 2026 advised of total indebtedness but the figure is not given here. Loan principal $10,956,963.30 is the amount agreed to be advanced under the Commitment (July 26, 2023, as amended). Borrowers in default of monthly interest payments since November 2025; demand and BIA s.244 NITES delivered Jan 21, 2026. Charge is CMHC-insured (Social Outcome Covenant). Lender states it is the only mortgagee with a registered charge against the Borrowers' interest in the Property. · page: 13 · debtor: 245 Logan District Inc. and District REIT Limited Partnership (Borrowers) · creditor: Peakhill Capital Inc. · currency: CAD · security: First-ranking Charge/Mortgage of 245 Logan Avenue, Toronto (PIN 21055-0322), Instrument AT6451012 registered Oct 31, 2023 (originally TSX Trust Company; transferred to Computershare Trust Company of Canada as custodian/nominee by AT6599515; transferred to Peakhill by AT7012405 on Feb 20, 2026); Notice of Assignment of Rents-General AT6451013 (transferred by AT6599520 and AT7012406); Security Agreement dated Sept 28, 2023; PPSA financing statements; unconditional guarantee dated Sept 28, 2023 from District REIT GP Inc. and District Property Trust. Original Loan principal $10,956,963.30 (principal amount of loan/charge, not an outstanding balance). Interest only, prime (RBC) + 2.25% with 9.45% minimum.