TORONTO, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX:TF) ("Timbercreek Financial" or the "Company") today provided an update regarding its mortgage investment related to a recently renovated 40-storey office tower located in downtown Calgary known as "Stephen Avenue Place" and owned by affiliates of Slate Canadian Real Estate Opportunity Fund I LP.

Timbercreek Financial is one of several secured creditors with exposure to the property under a mortgage serviced by its affiliate Timbercreek Mortgage Servicing Inc. ("TMSI"). As of June 30, 2025, the gross mortgage balance was $139 million. This amount reflects the full value of the first-ranking mortgage, which is syndicated on a pari-passu basis among Timbercreek Financial and two other institutional syndication partners. Timbercreek Financial's gross exposure, after accounting for syndicated portions, was $15 million, or 10.8% of the total loan, representing 1.3% of its ...