British Columbia · Receivership (court-appointed)
Petition to the Court
Application / notice of application · 16 December 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 filing5 verified · 1 withheld
- applicantPACIFICA MORTGAGE INVESTMENT CORPORATION
- commencement date16 December 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- secured creditorsnote: Amount excludes penalty or bonus; plus per diem interest of $18,397.59 from Dec 16, 2025; original principal advanced was $41,200,000.00 (original advance, not balance); interest rate 18.09% per annum or 10.89% above TD prime, compounded monthly; Evan Mont Wang and Hongpeng Yang are personal guarantors/covenantors · page: 4 · as of: 2025-12-15 · amount: 37396737.17 · debtor: 2490 Marine Drive Ltd., Dundarave Beachside GP Ltd., Dundarave Beachside Limited Partnership, 1165886 B.C. Ltd., 1165877 B.C. Ltd., 1165857 B.C. Ltd., Evan Mont Wang, Hongpeng Yang · creditor: Pacifica Mortgage Investment Corporation · currency: CAD · security: First mortgage and assignment of rents (registered CA9466635/CA9466636); five estoppel certificates-mortgages of beneficial interest; general security agreement (PPR base registration 351567N)
- secured creditorsnote: Ranks in priority behind Pacifica's interest; also named as a respondent in the proceeding · page: 8 · debtor: 2490 Marine Drive Ltd. (mortgage); 2490 Marine Drive Ltd., Dundarave Beachside GP Ltd., Dundarave Beachside Limited Partnership, 1165886 B.C. Ltd. (security agreement) · creditor: 1548341 B.C. Ltd. · currency: CAD · security: Mortgage (LTO registration CB2213663); Security Agreement (PPR registration 409416R)
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.