Tenant in Common (TIC) Lending
SLG, along with the cooperative efforts of a regional bank, title companies, and TIC counsel, has spearheaded the first known institutional retail Tenant in Common loan program in the State of California.
SLG represents its lender clients in review of Tenant in Common agreements and loan documents for both fractional and joint/several financing to ensure the protection of lender rights. SLG has developed lender protection addendums to loan documents to help protect lenders’ interests when extending fractionalized financing on TIC properties in the San Francisco Bay Area and throughout California.
SLG provides a review of loan documents and agreements to protect its clients’ interests against potential problems that may arise due to fractionalized financing, including, but not limited to rent control restrictions, partition, bankruptcy, and owner-occupancy requirements. SLG provides guidance for lenders who are considering making TIC loans and continues to work with title companies and TIC counsel in order to further lender protections for lenders that are considering lending on individual TIC interests.
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The materials contained on this web site have been prepared as a public resource by Scheer Law Group, LLP, for informational and educational purposes only. The information is not legal advice and is neither intended to create, nor does receipt constitute, an attorney-client relationship. This web site contains general information on legal issues and is not a substitute for legal advice from a qualified attorney licensed in the appropriate jurisdiction. Please do not send confidential information or materials without first discussing directly, and entering into, an attorney-client relationship with us. * We are not the Marilyn Scheer Law Group. We are the Scheer Law Group, LLP and are located in San Rafael, CA and Aliso Viejo, CA. We have no affiliation or association whatsoever, with the Scheer Law Group, PC, aka the Marilyn Scheer Law Group PC, which is a Irvine based law firm.