Oakhill Lending Corp. (“Oakhill”) is a mortgage investment corporation incorporated under the Business Corporations Act (British Columbia) on March 12, 2021. Oakhill will seek to generate an internal rate of return to investors of 9 to 14% net of fees and expenses, by investing in first, second and third mortgages in the Province of British Columbia that do not meet conventional lending requirements. Oakhill invests in first, second, and in exceptional cases third mortgages on residential properties such as single-family dwellings, duplexes, townhouses, condominium units, land or multiple family dwellings such as apartment buildings, including properties under construction. Oakhill also invests in mortgages on commercial and industrial properties including properties under construction. The Company invests in Mortgages primarily in the Greater Vancouver, Fraser Valley, Kelowna, Kamloops, White Rock, Squamish, Whistler, Nanaimo and Victoria Capital Regional District of British Columbia with terms of one year or less.
Shareholders will be entitled to receive dividends on a quarterly basis. Dividends may be taken as cash or reinvested as additional shares. Dividends reinvested as additional shares will qualify for future dividends.
Dividends are paid out as follows:
P1
Sept 1 – Feb 28
Dividend paid out by Mar 31st
P2
Mar 1 – Aug 31
Dividend paid out within 90 days of fiscal year end
PHONE604-579-0844
EMAIL[email protected]