Ontario · Receivership (court-appointed)

First Report of the Receiver dated November 9, 2023

Court officer report · 9 November 2023

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: Principal sum of $53,250,000 includes an interest reserve of $3,185,000; loan matured March 31, 2023 and was not extended; interest, fees and costs continue to accrue. Report text separately states Fiera was owed approximately $54.6 million as of June 2, 2023 (per Fiera's application materials), which is a later/approximate figure - both figures are from the same underlying debt. · page: 30 · amount: 53250000 · debtor: Chancery (Oshawa) The Bartlett Limited Partnership / Chancery (Oshawa) the Bartlett GP Inc. · creditor: Fiera FP Real Estate Financing Fund, L.P. · currency: CAD · security: Real property mortgage registered on title to 550 Bond Street West, Oshawa (PINs 16301-0236, 16301-0464, 16301-0462), PPSA registration, and other security under Credit Facilities per commitment letter dated November 25, 2020, as amended