National Cooperative Bank continues to lead the way with pricing and products for TIC (Tenants In Common) loans in San Francisco and Los Angeles.
A Tenant in Common refers to an arrangement in which two or more people co-own a parcel of real estate without “right of survivorship”. Each buyer owns an undivided percentage of interest in the building with the exclusive right to occupy one of the units.
TIC loans (for San Francisco, CA and Los Angeles, CA properties only)
Low closing costs
75-80% loan-to-value ratio on purchases and refinances