Receiver appointed to five more Toronto-area housing projects
Troubles for developer Vandyk Properties continue in 2024 as delayed orders to appoint a receiver on more of its building projects have come into effect
Source: theglobeandmail.com
Dorr Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Dorr Capital. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Dorr Capital Today - Breaking & Trending Today
Vandyk Properties faces demand to place properties into receivership
The insolvency application covers five projects in the Greater Toronto Area, which include 1,757 unbuilt homes in a mix of apartments, townhomes and detached houses
Source: theglobeandmail.com
/cloudfront-us-east-1.images.arcpublishing.com/tgam/H3PT2WZUYZEEFHW4WJSR6Q4VWM)
Fourth lender adds demand for repayment of loans to developer StateView
Meridian Credit Union filed an application to appoint a receiver for StateView Homes which was planning to build 206 townhouses on raw land near at 12942 York Durham Line in Stouffville, Ont.,
Source: theglobeandmail.com
/cloudfront-us-east-1.images.arcpublishing.com/tgam/FVS7X6Y4ZRK3BGFGHL57MWGVP4.JPG)
Stateview Homes buyers wait for clarity on purchases
StateView is facing claims that have climbed past $230-million, and the company is in the midst of marketing and building more than 1,500 homes across the Greater Toronto Area
Source: theglobeandmail.com
/cloudfront-us-east-1.images.arcpublishing.com/tgam/NVXWNPE6U5DPPATQ57NMDSS5HU.JPG)
StateView Homes lenders demand to be repaid close to $200-million in loans
The lenders are demanding repayment of $167.8-million and $4-million that was advanced to StateView for a variety of residential and commercial properties
Source: theglobeandmail.com