TIC mortgages are highly complex and require an expert to facilitate a successful close. When you buy a building, you buy it with a partner or partners. Everyone involved must qualify for the mortgage, regardless of your particular interest or share. For example, if a 4 unit building requires a mortgage of $1,000,000 and your share was 25 percent, you'd be responsible for the payments on $250,000. However, the full amount of the mortgage, or in this example $1,000,000, would appear on your credit report as the debt. When you qualify for a mortgage with other people, the total mortgage is pooled together at the time of the application.

Finding the right loan program in these situations is crucial and it can be confusing. The TIC Group partners with experts in TIC financing to help you coordinate a mortgage that is right for you.

By working with institutions that specialize in TIC lending, a variety of unique financing programs are available. Depending on credit scores, down payments, years to condo conversion, and other criteria, The TIC Group utilizes consultants to examine all of the available options. This allows all members of the group to decide upon the most ideal option while getting the best interest rate available.