Redwood Credit Union Sees Shared Property Ownership Lending Double in San Francisco as Buyers Seek More Affordable Homes
Redwood Credit Union Sees Shared Property Ownership Lending Double in San Francisco as Buyers Seek More Affordable Homes Redwood Credit Union (RCU) has seen a 103% increase in its tenancy-in-common (TIC) lending in San Francisco over the next two years as buyers seek more affordable homes. The TIC lending, which allows two or more people to own fractional interests in the same property, rose from $48.8 million to $99.3 million in the first half of 2026. The number of TIC units financed increased 79%, from 61 to 109. TICs sold for 19% less per square foot than condos in higher-priced San Francisco neighborhoods, at $1,163 versus $1.434. Redwood Credit Unions have accounted for roughly half of the San Francisco home purchases financed by RCU since the second half of 2024.
Published : 2 days ago by Redwood Credit Union in Business Finance
With San Francisco home prices remaining out of reach for many buyers, Redwood Credit Union has seen its tenancy-in-common (TIC) lending in the city more than double as buyers turn to shared property ... [2822 symbols]
