TD, Scotiabank, CIBC Among Lenders Owed $53 Million by UrbancorpBy
Builder units file under Companies’ Creditors Arrangement Act
Urbancorp debt related to project mortgages, lines of credit
Urbancorp, the Canadian residential developer seeking bankruptcy protection on several projects as it restructures the company, owes more than C$68 million ($53 million) to lenders that include some of the country’s largest banks, court filings show.
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