Pillar Capital

What does Pillar Capital offer?

Pillar Capital offers bridge loans and term loans secured on real estate and equipment, from $500,000 to $30 million over three to 36 months. It will take first or second position mortgages, advances up to 75% of asset value, and keeps covenants limited. The underwriting looks at what the asset is worth rather than what your income statement says, which is what makes it usable during a turnaround or a time sensitive purchase. Its website is pillarcapitalcorp.com, and it also lists equipment financing.

Who does Pillar Capital fund, and who do they decline?

Pillar funds Canadian businesses in any industry that own real estate or equipment with equity in it, with industrial, real estate, agriculture and logistics given as examples. Its stated purpose is to act when traditional lenders decline or move too slowly, so a weak year or a bank's timing is not a barrier if the collateral is there.

It does not publish decline criteria. The $500,000 floor and the asset requirement are the filters: a business with no property or equipment to pledge, or needing less, is not a fit. A bridge should also have an exit, such as a sale, a refinance or an expected inflow. Businesses outside Canada are not eligible.

What does it typically cost and how fast is it?

Pillar does not publish rates or fees; pricing is quoted per file. Asset based bridge loans are usually priced well above bank rates, often with a lender fee at closing, because they are short, fast and carry turnaround risk; our bridge loan page gives the typical range. Speed is described as fast but not quantified. Weigh the cost of the bridge against the cost of missing the opportunity or losing the asset, and plan the exit before you sign.

What will you need to apply?

Prepare the asset details: property titles, recent appraisals, existing mortgage statements and equipment lists with valuations. Add financial statements, a description of the purpose and the exit plan, bank statements and corporate documents. Our document checklist covers the baseline; the appraisals and exit plan are the extras for an asset based bridge.

How does Pillar Capital compare with similar lenders?

Garrington Capital lends $250,000 to $30 million against receivables, inventory and equipment on revolving lines in Canada and the US, which suits ongoing working capital rather than a short bridge. Accord Financial offers asset based lending, factoring and equipment finance from $5,000 to $30 million in Canada. Pillar is the one built around real estate collateral and short bridge terms, and it is the only one of the three that names second mortgages.

How to apply

Apply once on this site and matching shows whether Pillar Capital, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our MCP server. A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you.