Ontario · Receivership (court-appointed)
Affidavit of Mohammed Ahmed June 8, 2026
Affidavit · 8 June 2026
What we verified from this filing2 verified
- secured creditorsnote: Home Trust is a federally regulated (OSFI-supervised) trust company that funded the facility; Morrison Financial Mortgage Corporation administered the loan on Home Trust's behalf as mortgage syndicator/licensed mortgage administrator (Licence #11447). Underlying debt and enforcement conduct are disputed in a parallel $100M+ Brampton action (Ahmed Holdings Inc. v. Morrison Financial et al.) alleging manufactured default and breach of best-efforts/commitment obligations; no outstanding balance stated on these pages. · page: 70 · as of: Commitment Letter dated March 10, 2023, as amended February 8, 2024 · debtor: AG (1000 & 1024 Dundas St. E.) GP Inc. / LP / Inc. (successors to original borrowers Ahmed Group (1000 Dundas St. E.) Inc. and Ahmed Group (1024 Dundas St. E.) Inc.) · creditor: Home Trust Company · currency: CAD · security: Mortgage facility of $15,000,000 (original facility amount; Home Trust described as 'sole investor and funder of the entire $15,000,000 facility'), secured over 1000 & 1024 Dundas Street East, Mississauga
- secured creditorsnote: Morrison Financial is licensed mortgage administrator (Licence #11447) acting for treasury partner Home Trust; related entities Morrison Financial GP Inc. and the Morrison Financial Senior/Junior Mortgage Income Fund LPs/Trusts (with David Morrison personally as trustee/directing mind and Alenna Morresi-Emer as co-trustee) are also implicated as related parties/financing partners. No outstanding balance stated on these pages; underlying claim and default are disputed in parallel Brampton litigation. · page: 70 · as of: Commitment Letter dated March 10, 2023, as amended February 8, 2024 · debtor: AG (1000 & 1024 Dundas St. E.) GP Inc., AG (1000 & 1024 Dundas St. E.) LP, and AG (1000 & 1024 Dundas St. E.) Inc. · creditor: Morrison Financial Mortgage Corporation · currency: CAD · security: Mortgage(s) over 1000 & 1024 Dundas Street East, Mississauga; Applicant/secured creditor in s.243(1) BIA receivership application; acted as originator/administrator (not sole funder) of the Home Trust-funded $15,000,000 facility