PHL Capital Corp. Mortgage Lender Profile
Generally for Owners and buyers in British Columbia, Alberta or Ontario whose credit or income does not meet bank standards but who have equity.
Who they are
PHL Capital Corp. Is an alternative mortgage lender based in Surrey, British Columbia. It was founded in 2006 by Steve Ponte and Parm Purewall to serve creditworthy borrowers who had been turned away by the banks. PHL manages and operates two mortgage investment corporations, MortEq Lending Corp. And Oakhill Lending Corp., while an affiliate, PHL Financial Group Ltd., is a registered exempt market dealer that raises money from investors. The firm is registered with the BC Financial Services Authority as a mortgage broker, lends in British Columbia, Alberta and Ontario, and deals both with mortgage brokers and directly with borrowers.
What they lend on, and who for
PHL writes first and second mortgages on residential, commercial, construction and land. Residential lending covers single-family homes, condos, townhomes and acreages in the major urban centres of British Columbia, Alberta and Ontario. Commercial and construction lending is concentrated in British Columbia and Alberta, and land and development lending in British Columbia. Terms are one year, with no prepayment penalty. PHL states that it has no minimum credit score and does not ask for income statements on residential files, and that borrowers can expect feedback the same day and a commitment within about twenty-four hours.
How to approach PHL Capital Corp.
You can contact PHL Capital Corp. yourself; nothing stops you. What you cannot easily find out is what they will actually accept. What loan-to-value they will genuinely go to on your property, what exit they want to see, what the lender fee comes to, and how fast they can fund — none of that is published in full anywhere, and it moves.
A licensed broker who places files with lenders like this every week knows those criteria, and more usefully knows how to structure a file so it lands inside them rather than just outside. On anything that is not a straightforward salaried purchase, that structuring is most of the difference between an approval and a decline. It costs you nothing on a prime mortgage — the lender pays the broker when it funds.
| Lender type | Private · MIC |
| Registered as | PHL Capital Corp. |
| Head office | Benchmark Business Centre, 316 - 5455 152 Street, Surrey, BC V3S 5A5 |
| Website | phlcapital.com |
| Phone | 1-888-900-1880 |
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Borrower ratings for PHL Capital Corp.
In today’s world, reviews dictate the service industry. Brokers have taken the hit for bad lenders. We bring the consumer experience to light to help borrowers decide.
How quickly did they issue a commitment and get to funding?
Was the rate you got competitive for the product you qualified for?
Could you reach someone, and did they resolve things?
Portal, e-signing, document upload, online account — did it work?
Were the terms, fees and penalties clear before you signed?
Worked with PHL Capital Corp.?
Score them on the five things above. We confirm every review by email before it publishes, and we publish the bad ones too.
Questions about PHL Capital Corp.
Is PHL Capital Corp. a real mortgage lender?
Yes. PHL Capital Corp. is a private (mic) based in British Columbia. Its own site is phlcapital.com.
What kind of lender is PHL Capital Corp.?
Private — categorised in our directory as MIC/Private. Equity lenders — the property matters more than the borrower. Short terms, higher rates, lender fees, and speed. Right for a genuinely temporary problem, wrong as a destination.
Should I go to PHL Capital Corp. directly or through a broker?
You can approach them yourself. The reason most people do not is that a lender's real criteria — how income is read, what is accepted as documentation, what will be allowed as an exception — are not published, and they change. A broker who works with PHL Capital Corp. regularly knows them and knows how to present a file to fit them, which on anything other than a simple salaried purchase is usually what decides the answer. On a prime mortgage it costs you nothing either way, because the lender pays the broker when it funds.
Would PHL Capital Corp. approve me?
No profile page can answer that, and any site that tries is guessing. It turns on how your income is earned and how much of it a lender will count, your credit history, the property itself, and how much you need against what it is worth. Those are the questions a licensed broker asks before naming a lender — and they will tell you which ones realistically fit, this one included, and which would price it better.
Where does PHL Capital Corp. lend?
Its head office is in British Columbia. Lending areas change and are not always the same as where the lender is based — confirm current coverage with the lender or a broker before planning around it.
Would PHL Capital Corp. take your file?
Send us the details and a licensed broker will tell you which lenders fit — this one included, and the ones that would price it better.
Send us the file