Lending on TIC Fractional Ownership

[Brian G.]

What terms are typical when purchasing a TIC property with multiple buyers who intend to occupy the property. For example 3 partners who each buy an equal share of a triplex with individual mortgages (ie fractional ownership), and then each of them occupy a unit. So, what are typical loan terms for own occ fractional buying as TIC with individual mortgages? Can one get a low down payment longterm fixed rate loan on fractional lending?