Redwood Credit Union says its tenancy-in-common lending in San Francisco grew 103%, from $48.8 million in the second half of 2024 to $99.3 million in the first half of 2026.

Why it matters: With SF prices climbing, shared ownership is becoming a common way for people to buy into the city.

By the numbers

  • The number of TIC units financed rose 79%, from 61 to 109.
  • TICs made up 53.5% of the San Francisco home purchases RCU funded over that period.
  • In higher-priced neighborhoods, TICs sold for $1,163 per square foot versus $1,434 for condos, 19% less, and spent about the same time on the market.

What a TIC is

In a TIC, two or more people own shares of one property, and each owner usually has exclusive use of a specific unit. RCU described tenants of a six-unit building who used TIC loans to buy the building together when the owner needed to sell.

"TICs have become an increasingly important part of that conversation," said CEO Brett Martinez. Santa Rosa-based RCU has $10.3 billion in assets.