Alberta · Receivership (court-appointed)
Affidavit of Appointment of Receiver
Affidavit · 17 October 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 filing2 verified
- secured creditorsnote: Excludes legal costs to date; interest and costs continuing to accrue. Referred to as 'SCREO 700 Indebtedness'. Guarantee from SCREO Gill is limited recourse per s.24 of guarantee. · page: 17 · as of: 2023-10-15 · amount: 12242034.57 · debtor: SCREO I 700 2ND Inc. · creditor: Timbercreek Mortgage Servicing Inc. (with Computershare Trust Company of Canada as bare trustee/nominee) · currency: CAD · security: First-ranking 2018 SCREO 700 Mortgage (registered principal $15,000,000), 2018 SCREO 700 Assignment of Rents and Leases (first-priority), 2018 SCREO 700 Security Agreement (first-ranking PPSA, Reg. No. 18121808988), 2018 SCREO 700 Beneficial Owner's Agreement (charge of SCREO 700 LP's beneficial interest); also holds second-ranking security via limited recourse Guarantee of SCREO Gill dated March 31, 2022, secured by 2022 SCREO Gill Mortgage (principal $12,000,000, second-ranking), 2022 SCREO Gill Assignment (second-priority) and 2022 SCREO Gill Security Agreement (second-ranking)
- secured creditorsnote: Excludes legal costs to date; interest and costs continuing to accrue. Referred to as 'SCREO Gill Indebtedness'. Loan facilities were up to $30,200,000 (acquisition) and $11,207,000 (re-positioning); guarantee from SCREO 700 is limited recourse per s.24 of guarantee. December 2022 amending agreements contemplated reallocating $2.5M from SCREO 700 balance to SCREO Gill balance but not yet processed. · page: 17 · as of: 2023-10-15 · amount: 26871042.14 · debtor: SCREO I Gill Inc. · creditor: Timbercreek Mortgage Servicing Inc. (with Computershare Trust Company of Canada as bare trustee/nominee) · currency: CAD · security: First-ranking 2018 SCREO Gill Mortgage, 2018 SCREO Gill Assignment of Rents and Leases (first-priority), 2018 SCREO Gill Security Agreement (first-ranking PPSA, Reg. No. 18110827605), 2018 SCREO Gill Beneficial Owner's Agreement (charge of SCREO Gill LP's beneficial interest); also holds second-ranking security via limited recourse Guarantee of SCREO 700 dated March 31, 2022, secured by 2022 SCREO 700 Mortgage (principal $26,200,000, second-ranking), 2022 SCREO 700 Assignment (second-priority) and 2022 SCREO 700 Security Agreement (second-ranking)