British Columbia · Receivership (court-appointed)
Receiver's Report
Court officer report · 30 April 2021
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What we verified from this filing6 verified
- secured creditorsnote: Related party (affiliate of Concord Partners); originally counterclaimed for $6,615,495.36, Arbitrator allowed award of $6,211,539 plus interest; part of Prior Charges not repaid from sale proceeds but included in purchase price under Settlement Agreement · page: 10 · as of: 2017-06-23 · amount: 6211539 · debtor: Greata Ranch Developments Limited Partnership / Concord GP · creditor: One West Holdings Ltd. · currency: CAD · security: One West Award - Arbitration Award counterclaim under Project Management Agreement, forming part of 'Prior Charges'
- secured creditorsnote: Related party - One West is an affiliate of the Concord Partners; funded the Receiver's Borrowings, to be repaid with accrued and unpaid interest; part of the 'Prior Charges' along with the One West Award · page: 16 · as of: 2021-04-27 · amount: 751783 · debtor: Greata Ranch Developments Limited Partnership · creditor: One West Holdings Ltd. (formerly Concord Pacific Group Inc.) · currency: CAD · security: Receiver's Borrowings Charge under Receivership Order (funded Receiver's borrowings, authorized up to $850,000)
- process resultslois: 1 · note: one non-binding LOI submitted during Phase One of the SSP
- purchaserprice: note: New LOI provided a purchase price significantly lower than previously offered and was not accepted · sealed: false · scope: the Property · status: not_completed · name note: Prospective Buyer who submitted LOI/Updated LOI/New LOI, unnamed · structure: real_property · name source: recital · relationship: unstated
- sale advisorthe Real Estate Agents
- sale outcometext: The SSP did not result in a sale of the Property; further marketing efforts delayed. · scope: parcel · status: no_acceptable_bid