Ontario · Receivership (court-appointed)
Motion Record of Receiver dated October 22, 2026
Application / notice of application · 22 October 2026
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
- secured creditorsnote: Same loan as the Europa entry, not a separate debt; no outstanding balance stated; ranks behind Quid Pro Capital and Celestial on the 267 Property · page: 9 · debtor: 2678518 Ontario Inc. · creditor: Romspen Investment Corporation · currency: CAD · security: Third mortgage over the 267 Property, general assignment of rents, general security agreement; same $5,460,000 loan is also secured by other mortgages over properties owned by Milborne Securities Inc. and 1518491 Ontario Inc. (not part of this receivership)
- secured creditorsnote: $2.65M is the stated principal amount of the mortgage, not a stated outstanding balance; ranks first on the 267 Property; consented to RG's extended appointment · page: 9 · debtor: 2678518 Ontario Inc. · creditor: Quid Pro Capital Inc. · currency: CAD · security: First mortgage over the 267 Property (4249 Park St and 4274 Bridge St, Niagara Falls); principal amount of mortgage $2,650,000
- secured creditorsnote: $2.65M is the stated principal amount of the mortgage, not a stated outstanding balance; did not oppose extension of the receivership to the 267 Debtor · page: 9 · debtor: 2678518 Ontario Inc. · creditor: Celestial Property Development (East Mall) Inc. · currency: CAD · security: Second mortgage over the 267 Property; principal amount of mortgage $2,650,000
- secured creditorsnote: Principal amount stated is the loan principal, not a current outstanding balance; loan in default for almost two years; no outstanding balance stated in these pages · page: 9 · debtor: Europa 2022 Inc. · creditor: Romspen Investment Corporation · currency: CAD · security: First mortgage over the Europa Property (4570-4576 Erie Ave, 4257 [4243] Park St, Niagara Falls), general assignment of rents, general security agreement; loan principal amount $5,460,000 (original loan advanced July 2022); no other mortgages registered against the Europa Property
- secured creditorsnote: Court-ordered receivership charges, not pre-filing debt; borrowing limit $250,000 is a ceiling, no amount borrowed stated in these pages; QPC consented to the 267 receivership on the basis that RG and counsel fees for the 267 estate be secured against and paid out of the Europa estate only · page: 34 · debtor: Europa 2022 Inc. · creditor: Rosen Goldberg Inc. (Receiver) and its counsel · currency: CAD · security: Receiver's Europa Charge: first charge on the Europa property for receiver and counsel fees, in priority to all other security interests but subject to BIA ss. 14.06(7), 81.4(4), 81.6(2); Receiver's Europa Borrowings Charge securing borrowings up to $250,000, subordinate to the Receiver's Europa Charge