HOW TO FINANCE TIC

A few days ago, I received a call from a real estate agent about two buyers—a couple and a friend—who wanted to purchase a two-unit TIC* building together. He reached out because I’ve written before about TIC financing options.

* Tenancy in common (TIC) allows multiple parties to hold ownership interests in a property, offering flexibility in ownership percentages. However, unlike joint tenancy, TIC does not grant rights of survivorship, meaning a deceased owner’s share passes to their estate rather than other co-owners.

While TIC loans are more limited today, there are still four banks that offer fractional TIC financing. Most have strict guidelines, but we work with one non-conforming lender that can go as low as 20% down and allows flexible income options such as bank statements, asset depletion, or DSCR—options conventional lenders don’t offer.

If you’re dealing with a similar TIC situation, call me: (415) 225-7920

Meanwhile, click here for a short video posted on my YouTube Channel.

Best wishes,

Manny Kagan,
President,
Pacific Bay Financial Corporation
Your professional mortgage broker since 1983