Investing Proven performance,
diversified growth.
What’s a mic?
A MIC is a mortgage investment corporation. Just like the banks, we’re a mortgage lender.
AN EXPERIENCED TEAM YOU CAN TRUSTBacked by years of real estate and banking experience, our team is committed to your financial success through reliable, diversified investing strategies.
Partners, not investors, are who we seek to work with. People looking for long-term growth and real estate investment opportunities that benefit not only their own portfolio, but their community as well.
Over $925 million
Assets Under Management
Over $3.5 billion
funded
Designed for stability, built for growth.
By offering two specialized funds designed to balance stability and growth, investors can feel confident investing in their future, and the future of their community. Our funds aim to mitigate risk through disciplined underwriting and capital preservation tactics. Investors gain access to consistent historical returns rooted in transparency and a 19 year track record of pragmatic lending.
Our Funds
MortEq Fund
Launched in British Columbia in 2006, MortEq invests in residential and commercial properties. The fund, which now also operates in Ontario and Alberta, aims to generate net returns of 6.5% to 10% net of management fee for its investors.
Oakhill Fund
Since 2021, Oakhill has invested in residential and commercial real estate across British Columbia, Ontario, and Alberta markets, delivering rates of return of 10 to 14% net of management fees for accredited investors.
Our Process
Protecting your capital with our
proven strategies.
Prioritizing our relationships with our investors, we build partnerships based on trust. Using proven and established underwriting methods, we mitigate risk through geographic diversification and thorough capital preservation strategies.
Strategic Lending Area
PHL focuses on providing financing for Canadians where the market exhibits long-term stability, growth, and liquidity.
Credit Committee
All mortgages are subject to approval by our experienced credit committee.
Loan-to-Value Ratio
Depending on which fund you invest in, PHL mitigates risk by actively managing the LTV of every mortgage we finance.
Approved Appraiser List
Working with our list of approved appraisers, all mortgage applications require a current appraisal.
Mortgage Security
An experienced team of legal professionals reviews and prepares all mortgage security.
Stringent underwriting procedures and guidelines
Our tried and true underwriting procedures continue to help us successfully mitigate risks to provide consistent growth for our investors.
Stay up to date on the fast-paced real estate industry.
Frequently Asked Questions Clear answers, straightforward solutions.
All investment activities are facilitated through PHL Financial Group Ltd., a registered exempt market dealer. The firm’s registered dealing representatives guide qualified investors through the process of investing in affiliated Mortgage Investment Corporations, MortEq Lending Corp. and Oakhill Lending Corp. However, the actual registered investment accounts are securely housed and administered by an independent trust company (OTC). This clear separation of duties ensures that investments are properly facilitated and securely held.
As the manager and operator of MortEq Lending Corp. and Oakhill Lending Corp., PHL Capital Corp. mitigates risk through disciplined underwriting, property-based security, geographic diversification, and conservative loan-to-value (LTV) ratios. Each mortgage is secured by Canadian real estate, and portfolios are diversified across borrowers and property types to reduce concentration risk. Ongoing monitoring and professional oversight help protect investor capital.
Investment eligibility depends on Canadian securities laws and may include accredited investors, institutions, high-net-worth individuals, corporations, trusts, and other qualified entities. Prospective investors should consult with PHL Financial’s dealing representatives, and their own independent financial advisors, to determine suitability and confirm eligibility requirements under provincial securities laws.
Income from a Mortgage Investment Corporation (MIC) is generally taxed as interest income in Canada, rather than dividends. Because MICs distribute all their net income to investors, the tax treatment generally differs from that of traditional dividend-paying equities. Investors should consult tax professionals to understand how income from a MIC fits into their personal tax strategy.
During periods of market volatility, many investors look for asset-backed investments that are less correlated with public equities. Though all investments carry risk, stock markets may be subject to significant fluctuations, whereas alternative Mortgage Investment Corporations, which are pools of mortgages, generally aim to provide steady income and preserve capital. For Canadian investors seeking diversification beyond traditional stocks and bonds, Mortgage Investment Corporations may offer an alternative income stream, and an opportunity to round out a diversified portfolio.