Ontario · CCAA
Pre-Filing Report - Schwartz Levitsky Feldman Inc. - Proposed Monitor - 09-FEB-2026(67505223.1)
Pre-filing report · 9 February 2026
Also filed as: SLF - Pre-filing Report - Proposed Monitor - 2026.02.09
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 filing11 verified
- secured creditorsnote: DISCHARGED - loan repaid in full on or around July 31, 2025 from proceeds of Unit sales; mortgage discharged from title. Not a subsisting secured creditor as of the filing. · page: 8 · as of: 2025-07-31 · debtor: LJM Developments (Hamilton) Inc. · creditor: DUCA Financial Services Credit Union Ltd. ("Construction Lender") · currency: CAD · security: Mortgage charge against the Real Property securing a construction loan of approximately $79,000,000 (original advance)
- secured creditorsnote: Westmount provided guarantee/surety services (ECDI Policy; Tarion Bond with face value $6,260,000) to the Applicant; amounts shown are registered principal/collateral figures, not a stated balance owing to Westmount. · page: 11 · debtor: LJM Developments (Hamilton) Inc. · creditor: Westmount Guarantee Services Inc. · currency: CAD · security: Westmount Charge - mortgage in the principal amount of $30,000,000 registered against the Real Property (continues to be registered against the Unsold Units); security interest in Pre-Sale Deposits, approximately $1,300,000 inclusive of interest, held by Westmount's counsel Harris, Sheaffer LLP
- secured creditorspage: 11 · as of: 2025-11-06 · amount: 839756 · debtor: LJM Developments (Hamilton) Inc. · creditor: Speedy Electrical Contractors Limited · currency: CAD · security: Construction lien registered against title to the Unsold Units
- secured creditorspage: 12 · as of: 2025-11-24 · amount: 1142306 · debtor: LJM Developments (Hamilton) Inc. · creditor: Classic Tile Contractors Limited · currency: CAD · security: Construction lien registered against title to the Unsold Units
- secured creditorspage: 12 · as of: 2025-12-02 · amount: 187496 · debtor: LJM Developments (Hamilton) Inc. · creditor: Stephenson's Rental Services Inc. · currency: CAD · security: Construction lien registered against title to the Unsold Units
- secured creditorspage: 12 · as of: 2025-12-09 · amount: 633426 · debtor: LJM Developments (Hamilton) Inc. · creditor: C. & A. Tedesco Waterproofing Inc. · currency: CAD · security: Construction lien registered against title to the Unsold Units
- secured creditorspage: 12 · as of: 2025-12-24 · amount: 178812 · debtor: LJM Developments (Hamilton) Inc. · creditor: Colour of Painting LTD · currency: CAD · security: Construction lien registered against title to the Unsold Units
- secured creditorsnote: Amount owing under Development Agreements is exclusive of interest, accruing at 6.67% under the First DC Agreement and 11.05% under the Second DC Agreement. · page: 13 · as of: 2026-02-06 · amount: 7685223 · debtor: LJM Developments (Hamilton) Inc. · creditor: City of Hamilton · currency: CAD · security: Mortgages registered against the Real Property: Development Charge (First DC Agreement) - registered principal $6,154,661 (registered October 29, 2021); Second Development Charge (Second DC Agreement) - registered principal $1,530,562 (registered July 14, 2023)
- secured creditorsnote: Total accrued condominium management fees approximately $123,000 since registration of the Condo (prose approximation); lien registered for the exact amount of $93,581. Ongoing fees of approx. $30,000/month accrue at 18% interest. · page: 13 · as of: 2025-12-31 · amount: 93581 · debtor: LJM Developments (Hamilton) Inc. · creditor: Wentworth Standard Condominium Corporation No. 664 ("the Condo") · currency: CAD · security: Condominium Lien registered against title to the Unsold Units
- secured creditorsnote: Deemed trust class (HST); approximate figure per the Ahsan Affidavit; accrues interest at 7% annually. · page: 15 · as of: 2026-02-06 · amount: 12500000 · debtor: LJM Developments (Hamilton) Inc. · creditor: Canada Revenue Agency (HST arrears) · currency: CAD
- secured creditorsnote: Aggregate total across multiple unnamed judgment creditors; accrues interest at 12.0% annually. · page: 15 · as of: 2026-01-23 · amount: 194206.75 · debtor: LJM Developments (Hamilton) Inc. · creditor: Judgment creditors (writs of seizure and sale, aggregate) · currency: CAD · security: Writs of seizure and sale issued against the Applicant