Concerned about the risks involved with TIC financing? Not to fear!
Apparently, the record is excellent.
I’d say this is because the fractional TIC loan lenders have always maintained strict lending guidelines, i.e. great credit, solid savings, and a stable job! No, sub prime here!
Of course, you pay more for these loans but for a TIC buyer, they can offer safety & security as you are no longer tied to another person through the group loan.
If you own a multi-unit building, these loans are a great way to cash out of all or part of your property…
Check out the Chronicle article here: TIC loan record:Spotless.
