Debtor-in-possession (DIP)

debtor-in-possession loan

Loan Priority

First charge DIP

Loan Amount

$500,000

Loan to Value (LTV)

NA

Loan Purpose

A debtor-in-possession loan pursuant to a super-priority court ordered charge was provided against the real estate to fund the ongoing management and sale of the business and equipment during receivership.

Location

Cochrane, ON