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Genesis Land Development Corp.
GDC · TSX · developer
$62,625,000
Agreement receivable · portfolioAmounts due on sold residential lots (instalment receivables from lot sales). Purchasers generally have 6 to 24 months to pay the balance owing. Title does not transfer until full payment. None are past due. Four customers make up $57,654K of total amounts receivable.
Terms
- Instrument
- Agreement receivable
- Principal / carrying balance
- $62,625,000
- Interest rate
- —
- Rate type
- unknown
- Maturity
- —
- Term
- 24 months
- Lien position
- unknown
- Counterparty
- Lot purchasers (four customers each exceed 10% of total receivables, $57,654K combined)
- Property / location
- —
- As of
- Jun 30, 2026
Security
Title to sold residential lots is retained by the Corporation until full payment is received. Lots are taken back into inventory if the agreement is terminated.
Source excerpt
Amounts receivable, none of which are past due, were comprised as follows: June 30, 2026 December 31, 2025 Due on sold lots 62,625 90,736
Note 13(a)(i) Credit risk · Interim financial statements 2026 · View filing (PDF) · extraction confidence 60%
Automatically extracted from a public filing. Verify every figure against the source document before transacting.