RBC and BMO complete $150 Million loan facility to Heathwood Homes
Overview
Real Estate Group partner Leor Margulies, and law clerk Cindy Applegath, represented RBC and BMO on a $150M syndicated financing to Heathwood Homes with respect to the development and servicing costs of a 499 unit 3-phase project in Whitby, Ontario. The development will be a multiphase project with a mixture of various low rise types including single-family, semi-detached and townhouses.
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Representative Work
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| Litigation and Dispute Resolution
Defeated Injunction to Tie Up Client Assets and Received Elevated Costs Award
MFC v Mady Collier, 2016 ONSC 4182 (CanLII) – Clients were awarded their costs on a substantial indemnity scale when they defeated a Mareva injunction which tried to tie up their assets... -
| Litigation and Dispute Resolution
Certified a Class Action
Rebuck v. Ford Motor Company, 2018 ONSC 7405 (CanLII) – Obtained a judgment certifying a proposed class action against Ford Motor Company and Ford Motor company of Canada on behalf of i... -
| Litigation and Dispute Resolution
Overturned Lower Court Decision at Ontario Court of Appeal
Birchcliffe Core-Harbour Inc. v. Pinnock, 2019 ONCA 417 – Succeeded at the Ontario Court of Appeal in obtaining damages for breach of contract when a purchase of land could not be completed,...