HilLOC

Secured Line of Credit

The HilLOC (Hillmount Capital Secured Line of CreditTM) is similar to a HELOC. Approved funds are available as needed providing borrowers with flexibility and peace of mind.  The HilLOC is a private lending product and doesn’t affect credit scores. Contact deals@hillmount.ca for a copy of our HilLOC lending guidelines. With a secured line of credit, borrowers can unlock the equity in their property to help in situations such as the following:
  • Debt consolidation
  • Bridge and interim financing
  • Large purchases
    • Deposits
    • Multiple/staggered payments
  • Emergency funds
  • Tax minimization purposes
  • Working capital

LOAN CRITERIA

Where we lend:
  • Ontario
What we offer:
  • Lines starting at $500,000
  • Minimum draw amount of $20,000
  • Term 6 to 24 months, with longer terms available
  • Residential and commercial properties
  • Open to payment/readvance in full or in part at any time without penalty
  • LTV up to 65%
What we require:
  • To enquire: mortgage application, credit report
  • To close: appraisal
Hillmount Capital forms are available on our Broker Resources page.

Looking to fund a deal in Ontario? Contact deals@hillmount.ca today!