British Columbia · Receivership (court-appointed)
Affidavit #1 of Sandra Wu
Affidavit · 6 April 2026
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What we verified from this filing2 verified
- financial positionnote: Figure is a stated approximation from a balance sheet (Exhibit D, dated November 10, 2025) and Aging Report (Exhibit E, same date), neither reproduced in extracted pages. Excludes internal Limited Partner loans, which are described as the Partnership's primary liabilities. Property taxes owed were separately stated as approximately $16,000 as of the same date. · page: 4 · as at: 2025-11-10 · basis: Balance sheet prepared and circulated by the General Partner (Jun Bi) to the Limited Partners, described as showing 'approximately $106,000' in outstanding liabilities · scope: W 57th Ave & Hudson Holdings Limited Partnership only, excluding internal limited partner loans · currency: CAD · total liabilities: 106000
- secured creditorsnote: Mortgage issued December 3, 2025 with interest rate of 7.5% p.a. for the first year rising to 12.5% p.a. thereafter. Initially proposed as a $1,600,000 mortgage to a different lender, Golden Top Financial Services Inc. (6.49% rising to 19.99% p.a.), but mortgagee was changed to Vanmortgage Capital Management Corp. and rate reduced prior to issuance; the principal amount of the mortgage as actually issued is not stated in the affidavit text (see Exhibit F, Mortgage agreement, not reproduced in extracted pages). · page: 4 · as of: 2025-12-03 · debtor: W 57th Ave & Hudson Holdings Limited Partnership · creditor: Vanmortgage Capital Management Corp. · currency: CAD · security: Mortgage registered against the Property (1312 West 57th Avenue, Vancouver, BC)