Alberta · Receivership (court-appointed)
Affidavit of Zul Boga, sworn on October 21, 2024
Affidavit · 21 October 2024
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: Term Sheet condition states existing 1st mortgage on Collateral Properties 'not to exceed $800,000' — this is a registration/ceiling figure, not a confirmed balance. · page: 7 · debtor: Sunridge Landing Inc. · creditor: Unnamed existing 1st mortgagee(s) on Collateral Properties · currency: CAD · security: 1st mortgage registered on title(s) to the Collateral Properties (334 & 338 15th Ave SW, Calgary)
- secured creditorsnote: Figure is an 'estimate' of amount needed to repay existing 1st mortgage, per Schedule A (Uses of Funds) of the Domain Funding Commercial Mortgage Term Sheet dated October 18, 2024, attached as Exhibit A. Affidavit para. 9 separately states borrower seeks financing to cover 'the whole amount claimed by CWB, including interest and legal fees,' but no exact dollar figure for that claim appears in these pages. · page: 9 · as of: 2024-10-18 · amount: 5240000 · debtor: Sunridge Landing Inc. · creditor: Canadian Western Bank (plaintiff; presumed holder of existing 1st mortgage on Commercial Property, not expressly named in exhibit) · currency: CAD · security: 1st mortgage registered on the Commercial Property (3383/3385/3393 26 Ave NE, Calgary)