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Mady Steeles 2011

The Mady Group of companies comprise a diversified real estate development group with commercial and residential business operations across North America. The Mady Group was founded over 40 years ago in Windsor, Ontario.

One of the entities, known as Mady Steeles 2011 Ltd. (“Mady Steeles”), owned a 40-acre property in Toronto, which it planned to develop into a 257,000 square foot commercial site. The secured creditor of Mady Steeles applied to the Court for our appointment as Receiver. In that role, we stabilized the business and conducted a sale process, resulting in a transaction for the property and full repayment of the senior secured creditor’s debt. We also facilitated negotiations and settlements between the senior secured creditor and several lien claimants.

  • Toronto, ON
  • Receivership
  • Court-appointed Receiver
  • Real Estate

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