<div dir="ltr"><div>Hello, my client owns a commercial property with 2 others. There is no mortgage on the property. 2 of the owners will be bought out by my client's son, and the son needs to get a loan to purchase this partial interest. The desire is for my client to continue to be debt-free on her 1/3 interest, and for her son to be the sole person responsible for his loan.</div><div><br></div><div>The problem is, there is no bank who will make a loan to the son with only 2/3 of the property as collateral. </div><div><br></div><div>Has anyone dealt with this situation? How does a tenant-in-common normally get a loan (does he always need the other tenants-in-common to put up their interest in the property as collateral when he needs a loan?)</div><div><br></div><div>Thanks!</div><div><br></div><div><br></div><div><br></div><div><br></div><div><br></div><br clear="all"><div><br></div>-- <br><div class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif">Best regards,<u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif"> <u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif">Jennifer Y. Sohn<u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif">Attorney at Law<u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif">(Licensed in CA and WA)<u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif">Sohn Law PLLC<u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px"><font face="georgia, serif"><span style="background-image:initial;background-position:initial;background-repeat:initial">10900 NE 4th Street, Suite 1850</span><u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px"><font face="georgia, serif"><span style="background-image:initial;background-position:initial;background-repeat:initial">Bellevue, WA 98004</span><u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif">Tel: <a rel="nofollow" style="margin:0px;padding:0px;text-decoration:underline;color:rgb(25,106,212);outline:none;background:transparent">206.617.7874 / 425.633.2678</a><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif">Fax: <a rel="nofollow" style="margin:0px;padding:0px;text-decoration:underline;color:rgb(25,106,212);outline:none;background:transparent">425.732.9748</a> <u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif">Email: <a rel="nofollow" href="mailto:jennifer@sohn-law.com" style="margin:0px;padding:0px;color:rgb(25,106,212);outline:none;background:transparent" target="_blank"><span style="color:rgb(5,99,193)">jennifer@sohn-law.com</span></a><u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif"><a rel="nofollow" href="http://www.sohn-law.com/" style="margin:0px;padding:0px;color:rgb(25,106,212);outline:none;background:transparent" target="_blank"><span style="color:rgb(5,99,193)">http://www.sohn-law.com</span></a><u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif"> <u></u><u></u></font></p><p style="margin:0px;padding:0px;color:rgb(0,0,0);font-size:13px;background-image:initial;background-position:initial;background-repeat:initial"><font face="georgia, serif">Confidential. This electronic mail transmission and any accompanying documents contain information belonging to the sender which may be confidential and legally privileged. This information is intended only for the use of the individual or entity to whom this electronic mail transmission was sent as indicated above. If you are not the intended 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