Parties
Company
The Windrose Group
Company
Fuller Landau LLP
Company
Lenders for 10 Norfolk St. Inc., 388 Downie Street Inc., and Commercial Urkel Inc.
On June 12, 2024, The Windrose Group, owned by mortgage broker Claire Drage, was added to the receivership proceedings of The Lion’s Share Group, following an application by Fuller Landau, the appointed receiver. Fuller Landau had initially been appointed as proposal trustee for Lion's Share in March 2024, soon after the Balboa Group, a major real estate player funded by Ms. Drage, sought CCAA protection. By this time, multiple lawsuits were filed by lenders seeking to recover investments. Investigations revealed that Ms. Drage also used The Windrose Group to solicit investments, leading to lender representatives urging the inclusion of Windrose in the ongoing receivership.
The legal advisors involved in the proceedings are Paliare Roland for Lion’s Share, Norton Rose for Fuller Landau, Aird & Berlis for the lenders, and Reconstruct for related entities, including 10 Norfolk St. Inc., 388 Downie Street Inc., and Commercial Urkel Inc. The financial details of the receivership are currently undisclosed.
Deal Type
OtherIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date