June 20, 2019

Filing Type:

Trustee: Fuller Landau

Trustee Counsel: Minden Gross

Applicant: HarbourEdge Mortgage Investment Corporation

Applicant Counsel: Victor Vandergust Professional Corporation

Industry:

Province:

Homes By Design, a company developing and constructing a 3 storey, 26 unit residential condominium complex with underground parking in Perth, Ontario, was placed in receivership on June 20, on application by HarbourEdge Mortgage Investment Corporation, owed approximately $28.8MM. The company was unable to repay its loans to HarbourEdge and the Court appointed Fuller Landau as receiver for the purpose of developing and carrying out a marketing and sales process for the property. Counsel is Victor Vandergust Professional Corporation for the applicant and Minden Gross for the receiver.

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