Discharges & payout statements
Payout requests
| Loan | Borrower / property | Requested by | Payout date | Amount | Type | Status |
|---|---|---|---|---|---|---|
| #1187 | James & Rachel Nguyen 9 Birchcliff Rd, Scarborough · 1st | Chen & Associates LLP | Oct 15, 2026 | $428,091.26 | Full discharge | Editing below |
| #1143 | Northgate Holdings Inc. 118 Queen St · 1st | Broker · Summit Mortgage Group | Oct 30, 2026 | $150,000.00 | Partial — paydown | Sent to lawyer |
| #1089 | Brightwater Properties Inc. 410 Wellington St, Toronto · 1st | Borrower From a renewal marked not renewing · open the renewal | Dec 10, 2026 | — | Full discharge | Statement not prepared |
| #1066 | Paul Ferreira 31 Elm Ridge Dr, Oshawa · 2nd | Lawson Legal | Sep 28, 2026 | $96,418.02 | Full discharge | Funds received |
| #1058 | Emily Carter 14 Orchard Cres, Newmarket · 2nd | Lawson Legal | Sep 12, 2026 | $182,904.37 | Full discharge | Discharged |
| #1015 | David Whitmore 7 Cedarbrae Blvd, Scarborough · 1st | Maturity — not renewing | Jul 31, 2026 | $455,210.08 | Full discharge | Discharged |
| #1047 | Crestview Homes Ltd. Lot 12, 220 Main St E, Milton | Whitfield Law PC | Jun 20, 2026 | $125,000.00 | Partial — collateral release | Released |
| #1112 | Crestview Homes Ltd. 220 Main St E, Milton · 1st | Borrower | Aug 30, 2026 | — | Full discharge | Cancelled |
Payout statement · #1187 James & Rachel Nguyen
Request details
Calculation
Result
| Principal | $420,000.00 |
| Accrued interest · — days × — | — |
| Arrears | — |
| Fees & charges | — |
| Total to discharge | — |
Loan #1187 · version 2
Mortgage payout statement
| Principal balance | $420,000.00 |
| Interest in arrears (Aug 3 – Sep 3) | $3,146.50 |
| Accrued interest Sep 3 – Oct 15 (42 days @ $103.45) | $4,344.76 |
| NSF fee | $250.00 |
| Discharge fee | $350.00 |
| Amount required to discharge on Oct 15, 2026 | $428,091.26 |
Good until October 15, 2026. Add $103.45 per day thereafter. Funds received after 2:00 PM are credited the next business day.
Payment: wire to [Lender Name] Trust Account, [Bank], transit [#####], institution [###], account [#######], reference "1187". Certified cheques payable to "[Lender Name] in trust".
Upon receipt of full funds, a discharge will be registered within 5 business days by Whitfield Law PC. This statement is subject to correction for errors and omissions and to any returned payments.
Daniel Brooks, Servicing
[Lender Name]
The letterhead preview shows the saved version; save to update it.
Distribution on payout
Interest Aug 3 – Oct 15 (73 days)| Recipient | Principal | Interest | Fees | Total | Pay by |
|---|---|---|---|---|---|
| R. Bhatia · $250,000 @ 8.00% | $250,000.00 | $4,000.00 | — | $254,000.00 | EFT |
| Northshore Holdings Inc. · $170,000 @ 8.00% | $170,000.00 | $2,720.00 | — | $172,720.00 | EFT |
| [Lender Name] · spread 0.99% + fees | — | $771.26 | $600.00 | $1,371.26 | Operating acct |
| Total | $420,000.00 | $7,491.26 | $600.00 | $428,091.26 |
Statement versions
Record payout received & discharge
Records the funds, records what the lenders are owed and closes the loan. The payout posts to the loan ledger.
New payout request
Starts a payout statement for a loan. A renewal marked "not renewing" opens one automatically.
Email payout statement
Version 2 as a PDF on the letterhead. The request moves to "Sent to lawyer".
Discharge registered
Record when the lawyer confirms the discharge is registered on title.
Cancel this payout request?
Available until funds are received. The loan stays active; statement versions are kept for history.