Three landlords, among largest real estate holders in Ontario, owe $144M and are under bankruptcy protection: documents


The investors, based in the Hamilton area, face 32 creditor lawsuits for unpaid loan

A small group of landlords who own hundreds of rental properties across the province have run out of money, owe over $144 million in unpaid loans and face dozens of lawsuits from creditors, according to documents filed with the Ontario Superior Court of Justice.

Dylan Suitor, Ryan Molony and Aruba Butt are behind 11 now-insolvent corporations that face a "liquidity crisis" with only $100,000 in the bank, the documents say.

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