Alberta · Receivership (court-appointed)
Statement of Claim
Application / notice of application · 29 September 2023
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
- courtCOURT OF KING’S BENCH OF ALBERTA
- secured creditorsnote: Amount excludes legal costs to date, plus interest and costs continuing to accrue. Prose approximation in Demands dated Sept 15, 2023 stated 'not less than $134,916,934.89' as of that date; exact dated balance used here is the later Sept 25, 2023 figure. Mortgage principal amounts of $161,300,000 each are registered principal, not outstanding balance. Loan facility limits: equity take out facility up to $93,400,000 and repositioning facility up to $67,900,000 (facility limits, not balances). · page: 8 · as of: 2023-09-25 · amount: 135288424.79 · debtor: SCREO I 700 2nd Inc. and 58508 Alberta Ltd. · creditor: Timbercreek Mortgage Servicing Inc. (and Computershare Trust Company of Canada, as bare trustee/nominee) · currency: CAD · security: First mortgages (SCREO Mortgage and 585 Mortgage, each registered principal amount $161,300,000) over lands/leasehold at 700 2nd Street SW, Calgary (Stephen Avenue Place); general assignments of rents and leases; general security agreement (first-ranking PPSA registration No. 18112324873); beneficial owner's agreements/security from SCREO LP