Oakhill Lending Corp
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.
AUM
$174M CAD
2025 return
11.36%
LTV
61.8%
Management fee
2.5%
About Oakhill Lending Corp
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%.
The fund reports approximately $174M CAD in assets.
The portfolio has a meaningful mix of first and subordinate mortgage positions.
The latest annual return declined from 12.42% in 2024 to 11.36% in 2025.
At a glance
| Assets under management (AUM) | $174M CAD |
| 2025 return | 11.36% |
| Overall LTV | 61.8% |
| First mortgages (as a % of the portfolio) | 20% |
| Property focus | Residential (76%) / Commercial (24%) |
| Structure | Private Corporation (MIC) |
| Investor access | Available to individual investors |
Oakhill Lending Corp portfolio and 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.
Oakhill Lending Corp facts
Fund structure
| Structure | Private Corporation (MIC) |
| Manager | PHL Capital Corp. / Belco Private Capital Inc. |
| Series | A |
| Latest data | May 31, 2026 |
Mortgage portfolio
| First mortgages | 20% |
| Overall LTV | 61.8% |
| Property focus | Residential |
| Leverage | Yes, the fund uses leverage. This means the fund borrows additional money and combines it with investor capital to fund more mortgages. Leverage can increase returns when the portfolio performs well, but it also adds interest costs and can magnify losses. |
Fees
| Management fee | 2.5% |
| Performance fee | None disclosed |
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.
Who can invest in Oakhill Lending Corp?
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 PHL Capital Corp. / Belco Private Capital Inc.
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.
Compare other funds by PHL Capital Corp. / Belco Private Capital Inc.
PHL Capital Corp. / Belco Private Capital Inc. manages several mortgage investment entities (MIEs) with different loan and investment objectives. Compare its other funds below.
| Fund | Primary strategy | Approx. size | |
|---|---|---|---|
| MortEq Lending Corp | Residential mortgages | $768M CAD | Learn More |
Frequently asked questions
It invests in residential mortgages.
The fund reports a weighted-average LTV of 61.8%.
Yes. It is available to individual investors.
The fund is managed by PHL Capital Corp. / Belco Private Capital Inc..
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA® does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.