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Timbercreek Financial Provides Update on Calgary Office Loan
Globenewswire· 2025-10-16 12:30
Core Viewpoint - Timbercreek Financial Corp. has provided an update regarding its mortgage investment in the recently renovated 40-storey office tower "Stephen Avenue Place" in downtown Calgary, indicating a significant development in its financial management strategy [1][3]. Mortgage Investment Details - Timbercreek Financial is one of several secured creditors with a gross mortgage balance of $139 million as of June 30, 2025, which is fully syndicated among three institutional partners [2]. - The company's gross exposure to this mortgage is $15 million, representing 10.8% of the total loan and 1.3% of its net mortgage portfolio valued at $1,114 million [2]. Legal Proceedings - On October 15, 2025, Timbercreek Mortgage Servicing Inc. applied for the appointment of MNP Ltd. as receiver and manager of the property, a decision made after the termination of a forbearance period [3]. Management Commentary - The CEO of Timbercreek Financial emphasized the importance of disclosing the company's net exposure and highlighted the firm's extensive experience in managing commercial real estate debt, having originated over $18 billion since 2007 [4]. Company Overview - Timbercreek Financial is a leading non-bank commercial real estate lender, providing structured financing solutions with a focus on faster execution and flexible terms compared to traditional Canadian financial institutions [5].
Janover (JNVR) - Prospectus(update)
2023-06-29 19:34
As filed with the U.S. Securities and Exchange Commission on June 29, 2023. Registration No. 333-267907 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 (Amendment No. 4) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 JANOVER INC. (Exact name of registrant as specified in its charter) Delaware 7374 83-2676794 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) ...
Janover (JNVR) - Prospectus(update)
2023-04-17 20:59
As filed with the U.S. Securities and Exchange Commission on April 17, 2023. FORM S-1 (Amendment No. 2) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 JANOVER INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation Registration No. 333-267907 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 7374 83-2676794 (I.R.S. Employer Identification Number) 6401 Congress Avenue, Suite 250 Boca Raton, FL 33487 (Address, including ...