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Preheat oven to 350 degrees F. Line 7-inch round springform pan with parchment paper.
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Into large bowl, pour oil and slowly add milk while whisking. Continue to whisk until mixture is emulsified. Add remaining wet ingredients and mix well.
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In separate bowl, sift together dry ingredients.
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To bowl with wet mixture, whisk in dry ingredients until combined.
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Pour batter into pan and smooth out evenly.
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Bake 30-40 minutes or until toothpick inserted in center comes out clean. Let cake cool completely, about 45 minutes.
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To mixing bowl, add solidified portion of chilled coconut cream. With hand mixer, beat into thick whipped cream.
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Add powdered sugar, lemon zest and lemon juice to cream and beat until mixed.
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Spread whipped cream on cake.