Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

SRAMP said:
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Recent update from KSV. Hopefully we would get an update soon.
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This is why I was saying.. I think there's a chance they just complete and get their money asap, monetize the project and get everyone paid.

And on another front, the lenders could be suing Vandyk for misappropriated funds and attacking: estate, other businesses, assets, personal properties, cash.. in Canada, USA, and wherever it can be traced around the world.
 
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jbaa1 said:
This is why I was saying.. I think there's a chance they just complete and get their money asap, monetize the project and get everyone paid.

And on another front, the lenders could be suing Vandyk for misappropriated funds and attacking: estate, other businesses, assets, personal properties, cash.. in Canada, USA, and wherever it can be traced around the world.
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seems the judge granted the additional loan to KSV for UPTOWNS..document there April 22..
 
Deanfeb said:
Looks like Kingsett will continue to finance the project probably to get their cash owed
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Is there any information on whether other cash / assets of VANDYK are being repossessed to redirect back to lenders and continuation of the projects?
 
SRAMP said:
as per the reports, KSV is in the process of hiring construction manager. Hopefully we would get an update once it is done.
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When I spoke to KSV 6 weeks ago was told they were close to hiring a construction manager…..this will go on forever…bottom line we will be forced to wait it out with no deposits coming back forced to follow through on sale
 
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