736 BST Corp. and 2657819 Ontario Inc., Receivership

736 BST Corp. and 2657819 Ontario Inc., the registered and beneficial owners of real property located 736 Bathurst Street, Toronto, were placed into receivership on April 24 on application by Timbercreek Mortgage Servicing, owed $23.4 million.

Timbercreek and the companies entered into a forbearance agreement in July 2024 which was extended to April 22, 2025 due to a potential sale which has now fallen away.

MNP is the receiver.

Counsel is Aird & Berlis for Timbercreek, FIJ Law for Addison Wealth Management.