Alberta · Receivership (court-appointed)
Affidavit of Olakunle Popoola, sworn November 13, 2020
Affidavit · 13 November 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- secured creditorsnote: Loan matured April 30, 2018 and was not renewed; per diem interest thereafter $1,442.63; an earlier balance of $16,643,409.29 was stated as owing as at October 12, 2018 (Consent Redemption Order - Listing). · page: 6 · as of: 2020-11-11 · amount: 15532402.35 · debtor: Safeguard Real Estate Investment Fund IV Limited Partnership (borrower) and CEP LP Investment Corp. (registered owner/mortgagor and guarantor) · creditor: Connect First Credit Union Ltd. (successor to First Calgary Financial Credit Union Limited) · currency: CAD · security: First Mortgage (registration 131 096 960, original principal $19,200,000) over Condominium Plan 0811241 Units 1-31, 43, 60, 73, 92-100, 103, 105, 107, 111-128; Assignment of Rents and Leases (registration 131 096 961); General Security Agreements against CEP and Safeguard (PPR registrations 13042505809, 13042506279); Guarantee and Postponement of Claim by CEP up to $19,200,000
- secured creditorsnote: Defendants had not remitted property tax payments for three years; total matches roll-by-roll breakdown in Exhibit "V". · page: 7 · as of: 2020-11-13 · amount: 1275567.16 · debtor: Safeguard Real Estate Investment Fund IV Limited Partnership and CEP LP Investment Corp. · creditor: City of Calgary · currency: CAD · security: Statutory real property tax arrears/lien against the mortgaged Units
- secured creditorspage: 7 · as of: 2020-07-23 · amount: 274069.38 · debtor: Safeguard Real Estate Investment Fund IV Limited Partnership and CEP LP Investment Corp. · creditor: Condominium Corporation of Condominium Plan 0811241 (unpaid condominium fees) · currency: CAD · security: Condominium fee arrears constituting a charge/lien against the mortgaged Units under the Condominium Property Act (Alberta)