Alberta · Receivership (court-appointed)
Application for Receiver
Application / notice of application · 17 December 2025
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 filing9 verified
- applicantTimbercreek Mortgage Servicing Inc., and Computershare Trust Company of Canada solely in its capacity as bare trustee for Timbercreek Mortgage Servicing Inc.
- commencement date17 December 2025
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file no2301-13606
- appointeeMNP Ltd.
- appointee rolereceiver and manager
- secured creditorsnote: Stephen Avenue Place is subject to a separate Receivership Order (Oct 15, 2025, Court File No. 2301-12990) with MNP appointed as 'SAP Receiver'; not part of the relief sought in this application. · page: 6 · debtor: SCREO I 700 2nd Inc./SCREO I 700 2nd L.P. and 58508 Alberta Ltd. ('585') · creditor: Timbercreek Mortgage Servicing Inc. · currency: CAD · security: Stephen Avenue Loan Agreement and related security agreement/forbearance agreement, secured against Stephen Avenue Place; amount not stated in this document
- secured creditorsnote: SCREO Gill failed to make repayment obligations triggered by the November 2024 sale of Capital Point, constituting a Forbearance Default; no relief is sought against the SCREO Gill Entities in this application (para 2). · page: 6 · debtor: SCREO I Gill Inc., SCREO I Gill L.P., SCREO I Gill GP Inc. · creditor: Timbercreek Mortgage Servicing Inc. · currency: CAD · security: SCREO Gill Loan Agreement and related security; amount not stated in this document
- secured creditorsnote: SCREO 700 Loan Agreement dated Dec 18, 2018 was an acquisition facility of up to $15,000,000 (facility limit, not a balance). Earlier default demand dated Sept 22, 2023 stated indebtedness 'totalled not less than $12,166,304.56' (floor figure). Current Indebtedness of $11,869,677.99 (as of Dec 2, 2025) stated in December 2025 Demand, plus accruing legal costs/interest; unpaid as of filing. · page: 7 · as of: 2025-12-02 · amount: 11869677.99 · debtor: SCREO I 700 2nd Inc. and SCREO I 700 2nd L.P. (by its general partner SCREO I 700 2nd GP Inc.) · creditor: Timbercreek Mortgage Servicing Inc. (via Computershare Trust Company of Canada, as bare trustee/nominee) · currency: CAD · security: 2018 SCREO 700 Mortgage (registered principal $15,000,000, first-ranking, dated Dec 17, 2018); General Assignment of Rents and Leases (Dec 18, 2018); General Security Agreement over personal property (Dec 18, 2018); Beneficial Owner's Agreement (Dec 18, 2018) — collectively the 'Timbercreek Security', registered at Alberta Land Titles Office and Alberta PPR