Fractional Ownership Platforms
The following sites facilitate vacation home co-ownership by offering fractional ownership purchase and sale opportunities and then helping co-owners operate, manage and maintain their usage calendars, finances, and co-owned homes. Each of these companies is a current or past SirkinLaw client.
We’ve modernized and simplified the decades-old practice of DIY co-ownership. Watch our video to learn how owning property in a fully managed LLC allows you to enjoy the benefits of second home ownership without all the hassles.
With Kocomo, a home is co-owned by no more than eight families while we act as a neutral third-party administrator to ensure transparency and fairness.
Savvilla helps second home buyers find a compatible co-purchaser to co-own a second home as Tenants In Common (“TIC”). Each home has a comprehensive home-specific operating agreement that ensures a rewarding co-ownership experience.
Fractal is reinventing second-home ownership. Co-own fully managed luxury properties across Europe starting from 1/8 of the cost.
You only use your vacation home when you’re on vacation. Why buy the whole thing? With Ember, now you can buy luxury vacation homes in portions—and only pay a fraction of the cost.
Enjoy more “bang for your buck” in purchase power. Arrive, at your vacation, on vacation, ready to relax because the work is all done. Less hassle, more fun, and when you’re ready to spend your precious time somewhere else, simply sell your share.
Wecasa’s co-ownership model let’s you enjoy all of the benefits of owning a vacation home for a fraction of the cost and none of the headache.
Sauville Shared Luxury
We created a fully managed co-ownership model that allows that allows homeowners to experience all of the joys of second-home ownership without any of the downsides.
We’re creating unforgettable experiences across a portfolio of 10 vacation homes in desirable destinations in the US.
Co-own your dream vacation home for a fraction of the cost and no hassle.
The Coveted Group
The Coveted Group specializes in the planning, funding, marketing, and sales of unique deeded fractional real estate projects.
Fractional vacation home ownership opportunities in Utah and Colorado–launching soon.
Have your dream destination? Don’t just visit, stay there. Own partially, enjoy fully – co-own your holiday home with Arrilo.
We offer property co-ownership so you can enjoy Paris for four weeks per year and savor the city’s joie de vivre at a fraction of the cost of whole home ownership.
Own a fraction of a property and enjoy the benefits of a dream home in France without the hassle of homeownership.
Fractional France offers you the opportunity to invest in a luxurious fractional ownership Paris apartment.
Equity Sharing and Alternative Home Financing Platforms
The following sites offer platforms for equity sharing and other non-loan funding sources for home owners and home buyers. Many of these platforms also offer investors opportunities to participate in the funding of owner-occupied single-family homes. Each of these companies is a current or past SirkinLaw client.
Our Homeownership-as-a-Service platform connects Aspiring Owners with homes offered by Property Owners. Aspiring Owners become co-owner partners who build equity at a pace they can afford, while Property Owners benefit from improved returns.
Balance empowers you to access equity in your home to pay off your entire mortgage and get up to $50k cash out.
Buy your home brick by brick. Zero debt. No surprises. Fractional ownership. A revolutionary new way of owning your home.
Equity sharing marketplace for home buyers and investors–launching soon.
Enabling property owners access to the value in their property without loans and property investors the chance to build a portfolio of tokenized fractional residential real estate.
Homeslice Real Estate
Homeslice crowdfunds down payments for first-time homebuyers in exchange for a slice of home equity.
Landed gives you the infrastructure and guidance to launch and manage your own down payment assistance program. Our platform unites technology, policy, and shared interest to enable sustainable, positive change at both the individual and community level.
Our program is a standard lease agreement combined with a co-investment agreement of the house at a pre-determined price.
Reducing the cost of homeownership for buyers and investors through fractional ownership cutting real estate into bite-sized chunks everyone can afford.
Crowdfunding and Tokenized Real Estate Investment Platforms
The following sites offer platforms for crowdfunded and/or tokenized real estate investments. Each of these companies is a current or past SirkinLaw client.
Red Swan Home3
Tokenized, Fractional Real-Estate Ownership provides Dividends, Early Liquidity and Builds Wealth.
A “home equity exchange” that lets owners of residential properties sell “shares” of the value of their properties to investors, who get income and appreciation in return.
Individual Fractional Lending For TICs
Meriwest Credit Union
A new entry into the TIC loan market, offering 30 and 15 year fixed rate fractional financing for TICs throughout California with no minimum unit size. Contact Henry Jeanes at 415-990-5620 or [email protected]
Recognized TIC financing expert offering 30-year fixed-rate fractional TIC financing. Financing available for TICs throughout California, with no minimum unit square footage. Contact Gordon Friedman at 415-793-5106 or [email protected]
National Cooperative Bank
Fractional TIC loans for Norther and Southern California properties. NCB recently introduced 30-year fixed rate TIC mortgages. For consumer loans, contact Jeremy Morgan Sr. Loan Officer/VP 866-622-6446 ext. 3425 or [email protected]. For developer financing contact Larry Mathe Sr. Vice-President 703-302-1909 or [email protected]
Bank of Marin
The first lender to introduce fractional TIC loans (in 2002). Offering consumer and developer financing for Norther California. Contact Marie Jacobs at [email protected] or 415-884-4558
Sterling Bank & Trust, FSB
Largest TIC fractional lender (by far), offering both consumer and developer financing for Northern and Southern California properties. Contact Alex Kim at (714) 944-2532 or [email protected]
Patelco Credit Union
Fractional TIC loans for Norther California properties. Contact John Ybarra at 1-925-577-0578
Bank of San Francisco
Fractional TIC loans for Norther California properties. Contact Samuel Clonmell at (415) 489-7137 or [email protected]
Redwood Credit Union
Fractional TIC loans for Norther California properties. Contact Dustin Campana at (707) 576-5404 or [email protected]
All California Mortgage
All California Mortgage is a full service mortgage company specializing in residential and commercial real estate loans, including TIC financing. Contact Ann Bassi at 415-235-7298 or [email protected]; or contact Gannon Tidwell at 415-292-2601 and [email protected]
TIC Escrow/Title Services
Nick has been handling TIC sales transactions and related issues since 1998. He is uniquely qualified in this area. He can be reached at 415-385-7332 or [email protected].
TIC/Condo Association Management
HōmWorks specializes in bookkeeping services for TIC’s and small to mid size ‘self managed’ Condo homeowners association. They developed a financial support process from TIC development through unit sale and new co-tenant integration. Additionally they take on existing TIC’s that are looking for an independent party to help them with their bookkeeping needs. They’ll work with the Title company on unit sales, set you up on QuickBooks Pro, review the DRE Budget or build an Operating Budget for you, calculate HOA dues and Property Tax shares, collect the monthly payments and pay your HOA expenses. Once a month they will report back to the TIC co-tenants with account balances, and reports showing income and expenses and which co-owners are in arrears.
HōmWorks also specialize in Property Tax reviews and audits where they will review current and past property tax bills and notices in order to determine the appropriate share for each unit. Additionally they have an excellent relationship with the San Francisco Assessor’s Office to work out issues such as over assessments and incorrect taxations. You can reach out to them at: (415) 912-0582 or email at: [email protected]
Ted Dubasik CPA
Ted has extensive experience managing the finances of TIC groups and small condominium associations in both Northern and Southern California. His services include setup for new associations, monthly bookkeeping and reporting, budget preparation, electronic dues invoicing and collection, bill payment, property tax calculations, annual reporting, and income tax filings. Contact Ted at 415-670-9272 or [email protected].
Condominium Conversion Building Inspection
Former SF building inspector who will perform a pre-conversion inspection to provide opinion as to what items will appear on City building inspection report and suggest ways to prepare property for the condominium conversion inspection. (415-225-5709)
Assistance with lifetime leases for condo conversions under the Expedited Conversion program, as well as general landlord/tenant matters. Also, general real estate litigation including TIC, condominium and landlord/tenant disputes. (415 765-6255)
Assistance with lifetime leases for condo conversions under the Expedited Conversion program, as well as general landlord/tenant matters. (415-977-0444)
Assistance with lifetime leases for condo conversions under the Expedited Conversion program, as well as general landlord/tenant matters. (415-409-7611)
General real estate litigation including TIC, condominium and landlord/tenant disputes. (415-956-8100)
Attorneys–HOA and Co-Owner Disputes
General real estate litigation including TIC and condominium owner disputes. (415-979-0500)
General real estate litigation including TIC and condominium owner disputes. (415-678-1980)
General real estate litigation including TIC and condominium owner disputes. (415-626-7744)
General real estate litigation including TIC, condominium and landlord/tenant disputes. (415-956-8100)
General real estate litigation including TIC and condominium owner disputes. (415-552-8230)
General real estate litigation including TIC and condominium. (415-974-1515)
Co-Ownership disputes including same-sex couples. (510-834-4114)
Fractional Ownership Consulting
International consulting and market research for the resort real estate industry offering feasibility analysis for large fractional ownership and private residence club projects.
Factional ownership consultation services from Sherman Potvin, and opportunity to purchase his book Fractionalize to Maximize.
Organizations and Publications
Promoting Home Ownership Through Condominium Conversion
A complete and well-considered discussion of two competing proposals for liberalization of San Francisco’s condominium conversion restrictions, released in 2004 (649 KBytes, PDF)
San Francisco Housing Databook
A very thorough and informative study of San Francisco’s housing stock and how it is used, commissionned by the San Francisco Board of Supervisors in 2000 and released in 2002 (3550 KBytes, PDF)
Our Housing Crisis: A Developer’s Perspective
A cogent argument that allowing more density is the only was to increase housing affordability (260 KBytes, PDF)