Oakhill Lending Corp
Private Corporation (MIC) · Residential
Managed by PHL Capital Corp. / Belco Private Capital Inc.
Data as of: May 31, 2026
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
About the fund
Oakhill Lending Corp. (Oakhill) is a mortgage investment corporation established in 2021, investing in first, second, and in limited cases third mortgages on residential and commercial properties across BC, Ontario, and Alberta, targeting borrowers outside conventional lending criteria. The fund reported a 2025 net return of 11.36%.
At a glance
| Assets under management (AUM) | $174M CAD |
| 2025 return | 11.36% |
| Overall LTV | 61.8% |
| First mortgages | 20% |
| Property focus | Residential (76%) / Commercial (24%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Portfolio & performance
The portfolio is composed of residential mortgages (76%) and commercial mortgages (24%).
| Property Type | Share (%) |
| Residential | 76% |
| Commercial | 24% |
Oakhill Lending Corp returns
| Calendar year | Net return |
| 2023 | 11.61% |
| 2024 | 12.42% |
| 2025 | 11.36% |
Return objective (2026)
Oakhill Lending Corp has a target return of 10%-14% for 2026.
Fund facts
| Structure | Private Corporation (MIC) |
| Managed by | PHL Capital Corp. |
| Management fee | 2.5% |
| First mortgages | 20% |
| Leverage | Leveraged |
| Series/classes | A |
| Latest data | May 31, 2026 |
Additional fund details
Portfolio figures are as of May 31, 2026. The 2025 return is the audited fiscal-year return for the year ending August 31, 2025, while the fund’s 10% to 14% return objective is stated net of fees and expenses. The disclosed administration fee is capped at 2.5% of total assets under the investment memorandum dated November 21, 2024. The minimum initial investment is $100,000, and existing shareholders may make additional investments of at least $25,000.
Investor access
Available to individual investors
This fund is available to individual investors.
The minimum investment amount for accredited investors is $100,000.
The minimum investment amount through an advisor or dealer is $100,000.
About the manager
PHL Capital Corp. is a Surrey, BC-based mortgage lending and investment management firm founded in 2006, managing over $900 million in combined AUM across two MICs — MortEq Lending Corp. and Oakhill Lending Corp. The firm operates as manager, administrator, and originator for both funds, distributing through its affiliated dealer PHL Financial. PHL lends across BC, Ontario, and Alberta.
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