On February 16, 2023, Southview Gardens BT Ltd., Southview Gardens Limited Partnership, and Southview Gardens Properties Ltd. (collectively, "Southview Gardens"), Vancouver-based real estate companies, were placed in receivership following an application by Peakhill Capital Inc. In October 2020, Peakhill had provided Southview Gardens with a $50 million demand facility mortgage loan for an apartment building in Vancouver. Southview Gardens defaulted on the loan, failing to pay a monthly interest installment, and the full balance due on January 1, 2023. Additionally, Southview Gardens registered an unauthorized additional mortgage against the property. Southview Gardens, affiliates of Coromandel Properties Ltd., were initially included in Coromandel's CCAA protection filings but were later removed to permit Peakhill to appoint KSV as the Receiver. Legal counsel for Peakhill was Osler, while Cassels represented the Receiver.