TIC Craze hits Southern California
Tenancies-in-common or TIC’s, are the newest and most exciting thing to hit the real estate market in some time as this form of co-ownership allows several people to buy and occupy multi-unit structures.
The TIC market has exploded in San Francisco which has allowed major lenders to provide partially assumable and rollover financing for purchasers of these deals.
Because of the demand, fractional financing has become available to foster resale fluidity within this niche market.
The TIC market is gaining momentum in wake of soaring median home prices and the affordability factor of living in the state of California where home ownership is nearly out-of-reach for for many first-time home buyers.
