Alberta · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 11 May 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- secured creditorsnote: Approximate figure stated as owed 'at the Filing Date' pursuant to mortgage facility; same approximate $23.4 million figure also cited in Oct 25, 2021 s.244 demand notice/NOI; independent legal review by McMillan concluded security valid and enforceable, subject to usual assumptions/qualifications · page: 4 · as of: 2022-04-07 · amount: 23400000 · debtor: Symphony Condominium Ltd. · creditor: Timbercreek Mortgage Servicing Inc. and 2292912 Ontario Inc. · currency: CAD · security: First registered mortgages against the Symphony Units and the Parkview Apartments, general security agreement, and general assignment of rents and leases over the Parkview Apartments and the Foote Residence
- secured creditorsnote: Approximate figure stated as owed 'at the Filing Date' pursuant to mortgage facility; ranks subsequent to Timbercreek's first mortgage; independent legal review of this security still pending as of report date · page: 5 · as of: 2022-04-07 · amount: 4400000 · debtor: Symphony Condominium Ltd. · creditor: Canada ICI Capital Corporation · currency: CAD · security: Registered mortgages on the Symphony Units, the Parkview Apartments and the Foote Residence