Secured Line of Credit

The HilLOC (Hillmount Capital Secured Line of Credit) 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 $100,000
  • Minimum draw amount of $20,000
  • Term 6-24 months (longer terms available)
  • Residential and commercial properties
  • Open to payment/readvance in full or in part at any time without penalty
  • LTV up to 75%

What we require:

  • Application, credit bureau, appraisal¬†