New Brunswick · Receivership (court-appointed)
Affidavit of Kyle Ford.PDF
Affidavit · 1 January 2018
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What we verified from this filing9 verified
- secured creditorsnote: Applicant/first-ranking secured lender that obtained Receivership Order; ~$16,000,000 figure is a proposed payout estimate under 35 McKnight Plan, not a stated balance · page: 1 · as of: April 15, 2024 (Receivership Order date) · debtor: 720434 N.B. Inc. · creditor: Caisse Populaire Acadienne Ltee · currency: CAD · security: First mortgage(s) on properties owned by 720434 N.B. Inc.; roughly $16,000,000 referenced as amount required to pay out Caisse per '35 McKnight Plan'
- secured creditorsnote: Amount shown is registered mortgage principal, not exact payout balance · page: 2 · as of: December 12-13, 2022 (mortgage execution date) · amount: 728500 · debtor: 720434 N.B. Inc. · creditor: Second Lenders - Loan 2: 5020736 Ontario Inc.; John Law; Janice Wharton; LIRA No. 263525 for Joe Brown; TFSA No. 263533 for Adriana Donkersgoed; RRSP No. 262891 for Josh Wood; TFSA No. 252243 for Katherine Rowley · currency: CAD · security: Mortgage against 15 Dickey Street, Amherst, NS, PID No. 25017781, Document No. 121926415 (registered mortgage principal, second position)
- secured creditorsnote: Amount shown is registered mortgage principal, not exact payout balance · page: 2 · as of: November 29, 2022 (mortgage execution date) · amount: 247500 · debtor: 720434 N.B. Inc. · creditor: Lauren Molyneaux (Loan 3) · currency: CAD · security: Mortgage against 15-29 Donald Street, Amherst, NS, PID No. 25017906, Document No. 12196879 (registered mortgage principal, second position)
- secured creditorsnote: Amount shown is registered mortgage principal (Loan 1), not a stated exact payout balance; a payout statement effective March 8, 2024 exists (Exhibit D) but the exact figure was not visible in text · page: 2 · as of: December 12-13, 2022 (mortgage execution date); payout statement effective March 8, 2024 · amount: 618000 · debtor: 720434 N.B. Inc. · creditor: Second Lenders (collectively) - Loan 1: 14459059 Canada Limited; Jason Chin; Chen Liu; John Law; LIRA No. 260998 for Christopher Perry; TFSA No. 313101 for William Greunberg; RRSP No. 262426 for James Lypowy; RRSPSP No. 269430 for Beverly Williams; RRSP No. 146449 for Kimberely Simpson; RRSP No. 127861 for John Simpson · currency: CAD · security: Mortgage against 10 Dickey Street, Amherst, NS, PID No. 25356205, Document No. 121926944 (registered mortgage principal, second position)
- secured creditorsnote: Amount shown in para 9 as $247,500 but summary table (para 10) lists $574,200 for this same loan/property - discrepancy in document itself between narrative and summary table; not a balance, registered principal figure(s) as stated · page: 3 · as of: date of mortgage registration (Document No. 42617266) · amount: 247500 · debtor: 720434 N.B. Inc. · creditor: Second Lenders - Loan 8: Leysa Colantonio; Andrew Brockway Medicine Prof Corporation; Peter Bieberstein; RRSP No. 257228 for Bogna Kotasinska; RRSP No. 255979 for Anthony Tse; TFSA No. 255696 for Jessica Poupore; INDL No. 271112 for Robin Stewart; RESP No. 257250 for Anthony Tse; TFSA No. 257443 for Tara Surujbally; RRSP No. 257442 for Tara Surujbally; TFSA No. 294690 for David Crane · currency: CAD · security: Mortgage against 9 Rue Butte-a-Eloi, Cap-Pele, NB, PID No. 70292529, Document No. 42617266 (registered mortgage principal, second position)
- secured creditorsnote: Registered mortgage face amount ($1,480,000); actual net advance to lenders was $1,257,095 after 2% lender bonus deduction of $25,655 (see mortgage terms); personal guarantees exist from named individual guarantors · page: 3 · as of: March 1, 2023 (advance/Int. Adj. Date) · amount: 1480000 · debtor: 720434 N.B. Inc. · creditor: Second Lenders - Loan 5 (35 McKnight St mortgage): Brenda Vanderelst; 2364096 Ontario Ltd.; Raymond and Michelle Gauthier; Douglas Heaney; Antonina Mykhayletska and Anatoliy Mykhayletsky; Gordon Rodwin; INDL No. 271112 for Robin Stewart; LRSP No. 264396 for Brant Pethick; TFSA No. 260023 for Dale McCuaig; RRSP No. 253199 for Jennifer O'Connell; RRSP No. 253939 for Myungsook Kim; RRSP No. 132457 for Mark Belanger; TFSA No. 259249 for Maria Fatima Silveira; RESP No. 178163 for Antonella D'Elia; TFSA No. 271382 for Lisa Rodwin; LIRA No. 259227 for Antonella D'Elia; RRSP No. 150599 for Antonella D'Elia; TFSA No. 259195 for Divya Sundarajan; Corp No. 314206 for Robin Stewart; TFSA No. 259191 for Malathy Sundarajan; TFSA No. 261355 for Gordon Rodwin; RRSP No. 258826 for Robin Stewart · currency: CAD · security: 2nd mortgage against 35 McKnight Street, Fredericton, NB, PID No. 75320168, Document No. 46392517, behind a 1st mortgage to a maximum of 75% of Purchase Price; Assignment of Rents; personal guarantees from Sean Kearney, Clifford (Jamie) Collard, Leslie Collard
- secured creditorsnote: Amount shown is registered mortgage principal, not exact payout balance · page: 3 · as of: December 12, 2022 (mortgage execution date) · amount: 921500 · debtor: 720434 N.B. Inc. · creditor: Second Lenders - Loan 4: Peter Buehlow; Brenda Vanderelst; Colleen Robinson; Douglas Heaney; TFSA No. 262480 for Robert Campbell; LRSP No. 260596 for Ryan Labong; TFSA No. 262483 for Michelle Young; RRSP No. 251979 for Blair MacKenzie; TFSA No. 263197 for Michael Lock; TFSA No. 263198 for Barbara Lock; TFSA No. 313472 for Nida Gruenberg; RRSPSP No. 140692 for Bradley Wardell; RRSP No. 253939 for Myungsook Kim; RRSP No. 114418 for Robert Campbell; Corp No. 314206 for Robin Stewart · currency: CAD · security: Mortgage against 21 Dickey Street, Amherst, NS, PID No. 25017815, Document No. 121926159 (registered mortgage principal, second position)
- secured creditorsnote: Amount shown is registered mortgage principal, not exact payout balance · page: 3 · as of: date of mortgage registration (Document No. 46317233) · amount: 609870 · debtor: 720434 N.B. Inc. · creditor: Second Lenders - Loan 6: Waterford Homes; Iryna Gulevych; TFSA No. 258895 for Lesley Grisbrook; RRSPSP No. 310588 for Tim Milani; TFSA No. 258596 for Gayle Moss; TFSA No. 260289 for Angelo D. Giancola; RRIF No. 313996 for Virginia Golding; TFSA No. 261334 for Brian Salter; TFSA No. 260298 for Camille Khan; RRSP No. 251298 for Steve Chapman; TFSA No. 258297 for Charles Kelly; INDL No. 271112 for Robin Stewart; RRSP No. 258293 for Gayle Moss; LIRA No. 258346 for Gayle Moss; TFSA No. 254187 for Robin Stewart; RRSP No. 258826 for Robin Stewart; TFSA No. 311248 for Douglas Heaney · currency: CAD · security: Mortgage against 720-760 College Street, Amherst/Bathurst area, PID Nos. 20846283, 20846309, 20846291, Document No. 46317233 (registered mortgage principal, second position)
- secured creditorsnote: Amount shown is registered mortgage principal, not exact payout balance · page: 3 · as of: date of mortgage registration (Document No. 12196879) · amount: 184500 · debtor: 720434 N.B. Inc. · creditor: Second Lenders - Loan 7: Jonathan Molyneaux; RRSP No. 262870 for Jonathan Molyneaux · currency: CAD · security: Mortgage against 80 Rupert Street, Amherst, NS, PID No. 25030644, Document No. 12196879 (registered mortgage principal, second position)