Manitoba · Receivership (court-appointed)
Affidavit of Sonia Pacheo
Affidavit · 13 February 2023
What we verified from this filing2 verified
- secured creditorsnote: Original loan commitment (accepted November 1, 2012) was $2,130,625.00 (includes CMHC application fee and insurance premium); principal amount was subsequently decreased to $1,887,228.19 per amendment letter dated April 26, 2016 - this is the stated post-amendment principal amount, not a dated current outstanding balance; no current outstanding-balance figure for the loan as of the affidavit/filing date (Feb 2023) is stated in these pages. Required monthly P&I and tax instalment has been $9,936.00 since the rate was fixed April 27, 2016 (3.27%, 10-year term, maturity mid-2026). Loan defaulted and was brought current via insurance proceeds in Feb 2022 and again in July 2022, following defaults in Sept 2021 and April 2022; loan has 'frequently been in arrears.' · page: 6 · debtor: 6525785 Manitoba Ltd. (bare trustee for beneficial owners 6472240 Manitoba Ltd. and PGRP Properties Inc.) · creditor: First National Financial GP Corporation (general partner of First National Financial LP; loan administered by agent Montrose Mortgage Corporation Ltd.; security intermittently registered in the name of Computershare Trust Company of Canada as bare registered holder for First National, later transferred back to First National for enforcement) · currency: CAD · security: First Mortgage (Young Mortgage No. 4306936/1) dated November 14, 2012, as amended July 28, 2014, against 480 Young Street, Winnipeg (the Young Property); Caveat No. 4306937/1; General Security Agreement dated November 14, 2012 over all present and after-acquired property relating to the Young Property; General Assignment of Rents dated November 14, 2012; PPSA registration (Personal Property Security Notice No. 4306938/1)
- secured creditorsnote: Nature and amount of the underlying obligation secured by these caveats is not stated in the document. · page: 8 · debtor: 6525785 Manitoba Ltd. · creditor: Coinamatic Canada Inc. · currency: CAD · security: Caveat Nos. 3316933, 3559177/1, 3566832/1, and 3888155/1 registered against title to the Young Property