RE/MAX Gateway
Mark Bolender

RE/MAX Gateway
Venice. Santa Clarita. Santa Monica. Malibu. Venice

Category: bikes

The Revolutionary Millenial Breakthrough to Affording a Home

Does it feel as though you’re never going to be able to purchase a home? Millennials have been going through a housing crisis for years — fewer than 13% of millennials have been able to purchase their own homes in the United States. But that doesn’t mean that you have to give up your dream of owning property. More and more, millennials are coming to a realization: that fractal ownership could be the way. Not only is tenants in common buying open to many individuals, but it still allows you to take advantage of many special financing programs.

Purchasing a Home as Tenants in Common

Fractional ownership is a trend that can make it possible for any individual to own a home — or, at least, part of one. Rather than renting an apartment, a couple could instead endeavor to purchase a home with another couple. This splits the cost of the home four ways, rather than two ways or even one way. Further, it still conveys all the benefits of homeownership. Homeowners will be able to modify their properties as they please, can build equity rather than paying rent, and can sell their property for profit if it accumulates value.

Fractional ownership is one of the most versatile of all affordability crisis solutions, because multiple buyers are not treated any differently from an individual buyer when procuring financing. Whether you are a single buyer or purchasing a home with five other individuals, you can still be considered an owner occupant and you can still be able to procure virtually any type of conventional or special financing.

Owners don’t have to be couples; tenants in common buying can be completed with friends and family members. Anyone who passes the mortgage financial and credit checks will be accepted. From then on, the property will usually be owned by all involved individuals — often with shares distributed based on the amount that each individual paid in for the down payment.

America has already gone through a trend of developing too large homes that can house far more than a single family. Millennials can now take advantage of this trend by joining multiple families and still getting everything they want out of their property.

The Advantages of Fractional Ownership in Financing

When you don’t have a down payment, you often have to rely upon low down payment financing programs. These programs usually require you to be an owner occupant. Fractional ownership allows for this. And not all of the individuals need to be owner occupants; as an example, a couple could sign up alongside a relative, even if the relative isn’t intending on purchasing a home. For the relative, they will still receive their equity share of the property, and can consider it a financial investment.

Financing is available right now for fractional ownership with 5% down and a max combined loan amount of $1,136,150. As long as participants have a minimum FICO score of 680, they may be able to qualify — and they must intend to use the residence as a primary residence for at least one of the borrowers. Both single family homes and condominiums can be financed through equity sharing, and financing options are available with no PMI and no prepayment penalty.

Millennials no longer need to feel as though they will never be able to purchase a home. There are many financing options available, especially if they are willing to “think outside the box” and utilize new, revolutionary tools such as fractional ownership. There are currently a multitude of loan programs available, ranging from interest only programs to 80% loans with a 10% carry back. There are even loans available with no minimum FICO requirements or minimum requirements of as low as 620.

Magical Montana Avenue in Santa Monica

Magical Montana Avenue

As if in a world of its own, this beachy, tree-lined boulevard is moments from the sparkling blue Pacific, in a bubbling village of high end real estate, bursting with good vibes.  Montana Avenue is the soul of Santa Monica, a resort town hosting visitors from around the world.  Most famous for the chic enclave between 7th and 17th Streets, it is bedecked in distinctive fashion and specialty shops, and smathered with eclectic dining experiences.  The glamorous, open air niche with a European feel, entices you back time after time after time.  Don’t miss the annual sidewalk sales where you can find savings as much as 75% off, accompanied with fun, food and music for the whole family while you shop.  Check back with us for future dates of this popular event.  Montana Avenue, it’s where the locals go to play, from sunrise to sunset, but chances are, you will find yourself amongst a celebrity or two, just sayin…

With over 150 establishments, here are some of the favorites in each category:


Forma Modern Italian cuisine with a Delighful Cheese Bar

R+D Kitchen Adventurous American Fare

Blue Plate California Style Comfort food & Smoothies

Locanda Portofino Southern Italian in a Romantic Ambience with over 400 Wines

Margo’s Sophisticated New American

Sushi Sho Casual Japanese

Rori’s Housemade Organic Icecream

Greens Up Build Your Own Salads & Pressed Juices

Sweet Lady JaneGourmet Custom Cakes & Baked Goods, Catering & much more

Father’s Office Gastropub with over 50 Craft Beers

Art’s Table New American

Rosti Tuscan Kitchen Casual Italian with Tuscan Flavors & Large Portions

Spazio Caffe Trendy Authentic Italian Expresso Bar, Gourmet Eats

Louise’s Italian with a California Flare in a Family Ambience

Kye’s Smoothies, Shakes & Burritos

John Kelly Chocolate Gourmet Fudge in 19 Flavors & Luxurious Chocolates

Andrew’s Artisan Cheese Shop, Picnic Baskets, Olive Oils, Wines

Nothing Bundt Cakes Nostalgic Bundt and Bundtini Cakes

Menchies Frozen Yogurt Paradise

Pulse Cafe Organic Boba & Shakes, Bowls & Wraps

Pradeep Flavors of India combined with California Vegetables

Beaming Organic Superfood Cafe


Chico’s Women’s Clothing, Wrinkle Free Travelers Collection

Estell Boutique Elegant European Designs in Natural Fabrics & Soft Knits for Women

Claire V. Designer Claire Vivier Accessories

Citron Men & Women’s Fashions, Lots of Separates

J.Jill Relaxed Styles for Women

Savannah Voguish Women’s Clothing & Shoes

Boca Latest Trends to Classic Styles for Women

Boca Man Men’s Clothing Boutique Carries Popular Brands

Cozzi Cozzi Mod Sundresses, Cardigans, Jewelry

Planet Blue Bohemian Women’s Clothing, Swimwear & Accessories

Cami and Jax Luxury Swimwear Designed by Two Sisters

Sweaty Betty Fitness Attire

Heavenly Couture Couture Fashion & Assessories at Affordable Prices

Texture The Sweater Store and More, Finest American & European Knitwear

Luxygem Women’s Fashions

Gemelli Men’s Clothing

LF Stores Young Women Fashions & Assessories

Frankies on the Park Tween Girls & Their Individuality

Pink Chicken Stylish Children’s Fashions

Peek Kids Children’s Boutique


Yoga Works Notorious Yoga Studio…The Original Location

Massage Envy Wellness Boutique, Masssage & Facials

Skin LaundryLaser & Light Therapy, Skin Care Products

Benefit Boutique Makeup Artists & Services

Pilates Place Authentic Pilates Studio has Private, Duo & Group Sessions M7 Fitness Spa & Fitness, Pilates, Yoga, Meditation, Reiki, Boxing, Ballet & More

Revolution Fitness Indoor “Stadium Spinning” Studio with Core Barre & Yoga

Olive and June Chic Nail Salon offers Massage Add-Ons

Malin and Goetz Apothecary Shop, Purveyors of Fine Unisex Lotions & Potions

Body Fitness Personal Training & Weight Loss Programs for Women & Men

Kare Plastic Surgery Contemporary Plastic & Reconstructive Surgery & Skin Care

Cha Spa Chinese Teas, Massages & Music

UpRise Classical Pilates and Wellness Center

Tracy’s Nails Nail Salon


Ten Women Galley Art Gallery, Coop of Local Artists

Aero Movie Theatre Independent Films, Occasionally with Guest Speakers

Public Library Montana Avenue Branch of Santa Monica Public Library

Larkellen Gift & Lifestlye Boutique, Handmade Goods from Local & World Artisans

Ele Keats Jewelry Jewelry Retailer

Shade Store Window Coverings, Shades & Blinds

Moondance Jewelry Gallery

Brentwood General Gift Baskets, Holiday Decorations, Cards

Balloon Celebration Balloon Creations & Party Supplies

Limonaia Gifts, Candles, Cards, Totes

Quilted Monkey Home Furnishings for the Whole Family

Papyrus Cards, Paper Creations, Stationary


Stroll through the pleasant streets neighboring Montana Avenue and experience ultra diverse architecture, from Seaside Estates to Craftsman Houses to Beach Bungalows. Homes north of Montana in the 90402 (Santa Monica) zip code are considered to be among the most expensive in Los Angeles County, ranging from 2.5 million to 30 million. South of Montana are mainly businesses, condos and single family homes.


Montana Avenue is a breezy walk or bike ride from the Santa Monica Pier or the Third Street Promenade.  Jump on a Breeze Bikeshare, or visit with the Hop On Hop Off bus.

Montana Avenue actually stretches from Ocean Avenue in Santa Monica, California to the West L.A. Veterans Administration at Bringham Avenue in Brentwood. It continues East of the Veterans Administration in the Brentwood Glen neighborhood to Veteran Avenue at UCLA when it becomes Gayley Avenue. Gayley Avenue later becomes Midvale Avenue at its intersection with Wilshire Boulevard.

If You Are Driving: Head West on the 10 Fwy or Wilshire Boulevard from LACMA. Drive North on Lincoln Ave from LAX. Or take the 405 South from the Getty Center. Off at Sunset Blvd.

About Us

Picture of Mark Bolender

Mark Bolender

Cal DRE# 01065007

661-714-0510661-714-0510 mobile

Mark Bolender has been a driving force for good, in the Southern California real estate scene for 30 years. His innovations in service, technology and transparency has given him a rewarding career with many clients. "Calm, cool and collected" best describes him. Detailed and caring define his character. His first hand knowledge of the housing industry, inventory, architecture, design and Southern California culture blends with his seasoned experience. He loves advocating for people and negotiating on their behalf. Mark feels strongly about assisting people in finding real estate that will enhance and enrich one's life. After all Mark says, where you live determines one's self worth, happiness and grounded-ness.


This Zillow Premier Agent doesn't have any reviews yet. Visit and write a review