Ontario · Receivership (court-appointed)

Application Record Part 4 of 6

Application / notice of application · 4 June 2025

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 filing1 verified

secured creditorsnote: Original principal secured $8,500,000.00 as of registration 2021-06-21. Amendment effective 2022-10-01 recites sum of $7,385,000.00 then presently outstanding. Further amendment effective 2023-12-11 recites $8,500,000.00 as presently outstanding immediately before that amendment, and increases the principal sum secured by the Charge to $11,800,000.00, due and payable 2024-11-15, bearing interest at the greater of 11.50% per annum or 4.45% above RBC prime (prime rate stated as 7.20% on 2023-12-18). Charge amended multiple times (Oct 2022, Dec 2023) for same underlying debt; land also subject to a mandatory listing/sale covenant (MLS/CBRE) pending discharge. · page: 3 · as of: 2023-12-11 · amount: 11800000 · debtor: Teresa Greco, Mario Greco, Lisa Volpe (Chargors) · creditor: Hillmount Capital Mortgage Holdings Inc. · currency: CAD · security: Charge/Mortgage originally registered in the Land Registry Office for the York Land Titles Office (No. 65) on 2021-06-21 as Instrument No. YR3269552, registered against multiple Whitchurch-Stouffville, Ontario properties: PIN 03719-0095 & 03719-0595 (12371 Highway 48 / 5262 Main St, per Instrument YR3485039), PIN 03719-0552 (5270 Main St/Stouffville Rd, per Instrument YR3485040), PIN 03719-0084 & 03719-0140 (5318 Main St, per Instrument YR3485041), and PIN 03719-1199 (5286 Main St, per Instrument YR3485042).