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Updated almost 6 years ago on . Most recent reply

Lending on TIC Fractional Ownership
What terms are typical when purchasing a TIC property with multiple buyers who intend to occupy the property. For example 3 partners who each buy an equal share of a triplex with individual mortgages (ie fractional ownership), and then each of them occupy a unit. So, what are typical loan terms for own occ fractional buying as TIC with individual mortgages? Can one get a low down payment longterm fixed rate loan on fractional lending?