Tenancy In Common

A Tenancy in Common (“TIC”) is a legal way of holding an undivided interest in real property, or more simply, allowing for a multi-unit building to be owned by multiple parties.  With TIC agreements and financing, each party has exclusive use and ownership of their unit.  There are several ways to finance TICs – group loans and fractional loans are the most common. 

There are different benefits associated with each type. With a Fractional TIC, you can now own a unit in a building that isn’t classified as a condominium, yet from a financing perspective, will feel that way.  Fractional TICs give owners the financial independence that has been associated with condos, without the need to wait for a condo conversion, a process which can take anywhere from 2 to 10 years depending on the specific requirements for the subject property. Fractional TIC loans are available for both owner occupied, second homes, and investment properties. 

All California Mortgage has been working with TICs for over 15 years and has the ability to bring the right financing package to each building/ownership situation. 

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