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Allied Properties REIT
AP.UN · TSX · reit
$248,638,000
Mortgage receivable150 West Georgia credit facility to Westbank for its land acquisition and pre-development costs. The facility was increased by $27,000K to a principal amount not to exceed $212,000K plus interest. Balance includes $58,596K of accrued interest. Allied also received a pledge of shares in a subsidiary partially owned by Westbank as additional collateral. A partial repayment of $125 million is expected in December 2026.
Terms
- Instrument
- Mortgage receivable
- Principal / carrying balance
- $248,638,000
- Interest rate
- 7%
- Rate type
- fixed
- Maturity
- Dec 31, 2026
- Term
- —
- Lien position
- first
- Counterparty
- Westbank
- Property / location
- Vancouver, British Columbia
- As of
- Dec 31, 2025
Security
First mortgage on the property; pledge of shares in a Westbank-partially-owned subsidiary
Source excerpt
150 West Georgia December 31, 2026 248,638 221,281 ... The facility is secured by a first mortgage on the property Interest accrues to the credit facility monthly at a rate of 7 00% per annum
Note 8(a); MD&A Loans Receivable · Annual report 2026 · View filing (PDF) · extraction confidence 93%
Automatically extracted from a public filing. Verify every figure against the source document before transacting.