SirkinLaw Articles and Links
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.
Beso Homes
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]
Guarantee Mortgage
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 Nicole Shaefer at (916) 812-4800 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/Condo Association Management
HōmWorks
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
Leo McFadden
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)
Attorneys–Landlord/Tenant Matters
Jeffrey Woo
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)
John Zanghi
Assistance with lifetime leases for condo conversions under the Expedited Conversion program, as well as general landlord/tenant matters. (415-977-0444)
Daniel Bornstein
Assistance with lifetime leases for condo conversions under the Expedited Conversion program, as well as general landlord/tenant matters. (415-409-7611)
Andrew Zacks
General real estate litigation including TIC, condominium and landlord/tenant disputes. (415-956-8100)
Attorneys–HOA and Co-Owner Disputes
Mark Epstein
General real estate litigation including TIC and condominium owner disputes. (415-979-0500)
Kavita Sharma
General real estate litigation including TIC and condominium owner disputes. (415-678-1980)
Heather Wolnick
General real estate litigation including TIC and condominium owner disputes. (415-626-7744)
Andrew Zacks
General real estate litigation including TIC, condominium and landlord/tenant disputes. (415-956-8100)
Andrew Wiegel
General real estate litigation including TIC and condominium owner disputes. (415-552-8230)
Brian McCauley
General real estate litigation including TIC and condominium. (415-974-1515)
Frederick Hertz
Co-Ownership disputes including same-sex couples. (510-834-4114)
Fractional Ownership Consulting
Ragatz Associates
International consulting and market research for the resort real estate industry offering feasibility analysis for large fractional ownership and private residence club projects.
Fractional Business
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)
