By Adam Benson. com. net. condo with a list price of $179000. Many property owners also use their Myrtle Beach condotel for personal use. Unit 420, Myrtle Beach — Coral Beach $155,000. Sellers are permitted to pay up to 6% of closing costs. Investment Property - Myrtle Beach, SC Home for Sale. Blog Author and CEO. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. Camelot By The Sea - Myrtle Beach Condos for Sale. View our MLS Listings and find your dream vacation condo, beach house, or investment land in Myrtle Beach 1-844-339-87661515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. It was a nice room close to the pool with a good open floor plan. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. The units are individually owned. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. 974% for a 5-year adjustable-rate mortgage (ARM). Bay View Resort - Myrtle Beach Condos for Sale. SEARCH OUR SITE. Please call us at (786) 220-1100 or email info@lendingbankers. Personal Banking. * Premiere Fitness Center. Trump International Hotel and Tower. This efficiency ocean view unit has a spectacular view down The Myrtle Beach coastline with a North Sunrise view. Full pet policy & more. com; Mon-Fri 8am - 5pm Sat-Sun Closed; Car Insurance; Home Insurance; Life Insurance; Motorcycle Insurance; Condo & HO6; Flood Insurance; Golf Cart Insurance; Renter's Insurance; Contact Us. Receive the Beach Pro Team’s current list of local. 5 million dollar two bedroom, two bathroom oceanfront condotel unit in Hawaii. Condotel loans are available for up to $1. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Subject property needs to be 100% residential (or livable) The units need. In this article, we will explore the key. A condotel is just what it sounds like—a cross between a condominium and a hotel. Condo Financing and Condotel Mortgages. - Homes for sale presented by the Beach Pro Team: 843. Another Myrtle Beach hotel with towering views of the Atlantic Ocean is for sale. Owner Financing Available - Myrtle Beach, SC Home for Sale. Choose an in-demand location. 3500 N Ocean Blvd. Unit 839/840, Myrtle Beach $299,900. About the. If you would like more information on condos or condotels in the Myrtle Beach, SC area, reach out to me. Real Estate investment in Myrtle Beach, SC. . No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. 3 Beds. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. 219 Camber Rd, Huger, SC 29450. Refer to and input NMLS #237341 to see where American Financial Network, Inc. $189,000 and up - Condo Hotel. Myrtle Beach SC. Condotels are typically high-rise buildings which are developed and operated as a luxury hotel and are usually found in major resorts and cities. 1 bath. 2 Baths. No Exp. Apply Now and Get a Quote Today! Get more details. not a Non-Warrantable Condo loan) will fund up to 70% LTV nationwide, full documentation, 12 months PITI on all properties owned at close required, 680 min fico,. Take a lesson or enjoy a tournament. Beach Pro Team, Gene Carter REALTOR. washer and dryer recently. Stay at this business-friendly hotel in Murrells Inlet. Popular attractions Blackmoor Golf Club and The International Club of Myrtle Beach are located nearby. Discover genuine guest reviews for Condotels Golf Colony along with the latest prices and availability – book now. com. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. Nov 23, 2023 - View the Best vacation rentals with Prices in North Myrtle Beach. The largest property for sale is 3,174 sqft and smallest 307 sqft. The Grand Strand is known for its famous golf courses and country clubs. 720 sqft. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. Atlantic Beach voters will have big decisions to make at next month’s polls as they opt for a new mayor and flip the council by at least one new member on the panel. Breakers Resort - Myrtle Beach Condos for Sale. See BBB rating, reviews, complaints, contact information, & more. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. Let’s assume that the cost to purchase a condo is $250,000, in order to break even the hotel would need to charge $250 per night for your condo and rent out at least 60% of the time. It sounds like Vegas. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. The condotel units can be placed on a rental program with the management who can rent the units out for short or long-term rentals. Myrtle Beach / Columbia; Myrtle Beach / Columbia. info@afbcarolinas. 30-year fixed. MLS# 2305975 / Sold. There is a lot of bad advice on the internet about condotels. Okay. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. After extensive searching, you have found a great gulf front condominium with a strong onsite rental program, and restaurant, indoor and outdoor pools and lots of other great amenities. 4785 - Posted 3 years ago. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. Source: activerain. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. You can apply online or contact a mortgage specialist for more information. Amenities Photos Map View Reviews FAQs. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. These could. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). 1 Baths. net. Bridge Dale • 2 years ago. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. 4800 S Ocean Blvd. Doug Shaw Memorial Stadium. * Extra Luxurious 1 - 7 Bedroom Condos & Homes. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. #K-3. Beach Park Resort - Myrtle Beach Condos for Sale. 18, 2009. One Ocean Place Bldg. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. U. . Coral Beach. Ocean Blvd. 00 or as much as $3,360. 3 Baths. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. Asking Prices range from $100,000 to $16,995,000 with an average price of $1,417,970 and an average price per square foot of $1,300. Florida for $50,000 close by the beach. The list is categorized by the types of loans each. The list is based on the Beach Pro Team's years of experience and expertise in condo financing. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. Forums > South Carolina > Myrtle Beach - Conway area: Condotel purchase on the beach - Myrtle Beach User Name: Remember Me: Password. Low-Down-Payment loans : FHA. Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort. Mortgage rates for condos and other types of properties have been volatile in recent years. Condotel at 10% APR?? Mike Dawson. For those who need condotel financing, please contact us at Gustan Cho Associates at 262-878-1965 or text me on my cell for faster response at 800-900-8569. 1516 Edge Dr. - Homes for sale presented by the Beach Pro Team: 843. 1003 S Ocean Blvd. Indianapolis, IN. OK Myrtle Beach Hard Money Lender, BBB A+ Rated, Excellent Rehab Program for Fix-to-Flip Projects. com (843) 446-4663. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. . 4712 Cobblestone Dr APT K-3, Myrtle Beach, SC 29577. Beach Colony. North Myrtle Beach. North Myrtle Beach, SC 29582 (843) 444-LOAN (5626) wp@444loan. Dec. Beautiful 3 bedroom/2 bathroom home in the prestigious gated golf course community of Prestwick, located very close to the beach about 1/4 mile away. Find out everything you need to know about Condotels. The units are individually owned. 75 (198) Superhost. First Last. Office: 800-872-4488. 29450, Mount Pleasant, Charleston County, SC. Although. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. Easily calculate a Myrtle Beach mortgage for all types of home loans including; first mortgages, second home loans, condotel financing in myrtle beach, investment. not a Non-Warrantable Condo loan) will fund up to 70% LTV nationwide, full documentation, 12 months PITI on all properties owned at close required, 680 min fico, rates start in the low 5s, 3/1, 5/1, 7/1, 30 and 15 year terms available. Questions: 803-998-1000. Financing a myrtle beach condotel. In comes what we call our portfolio option for condotel financing. com (800) 697-4371. Welcome. Best Western Ocean Sands Beach Resort - Traveler rating: 4/5. 2151 Bridgeview Ct. . Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 2 bedroom, Wildwood Crest NJ 08260. 5/5. 455. An. . - Homes for sale presented by the Beach Pro Team: 843. This oceanfront resort is located at 1105 S Ocean Blvd, Myrtle Beach, SC 29577. Condotel Financing Guidelines. * Only AAA 4 Diamond, 5 Star Resort in the area. , Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455Myrtle Beach. For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. Bay View Resort - Myrtle Beach Condos for Sale. The good news is that finding an affordable and desirable property to rent in Myrtle Beach, SC -- whether it’s. Get in touch with a North Myrtle Beach real estate agent who can help you find the home of your. At Movement Mortgage, we do offer condotel financing if the building is indeed a true condotel. com. Much nicer than our friends place down the road in ocean village. Hard Rock Cafe Myrtle Beach. 1105 South Ocean Blvd, Myrtle Beach, SC 29577. Unlike other real estate sectors, which are suffering from capital and financing problems, the market for condotels was flat-out overbuilt — and that takes years to correct. net. Myrtle Beach - Click Below For Columbia; Columbia, SC - Click Below for Myrtle Beach; 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN. Explore the Coral Beach condos for sale in Myrtle Beach SC. 1033 World Tour Blvd UNIT 105, Myrtle Beach, SC 29579. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. Pet Friendly. You can also use this residence for ready and steady rental income. Condo Financing and Condotel Mortgages. We have a list of the best greens in the state and country. There are 630 real estate listings found in North Myrtle Beach, SC. Myrtle Beach was the 2nd biggest golf town in America behind Orlando for years, and we haven't even touched on what Hilton Head means to the SC economy. Financing/Investment. Good value. . They grossed roughly $44k in 2021 and had done $44k last year through October. The Atlantic Beach Town Council will soon take a final vote to rezone land for the $80 million project. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. Come and. We consider loan-to-value ratios of up to 65%. A: 1515. com (800) 697-4371. Refer to and input NMLS #237341 to see where American Financial Network, Inc. Those. Contact Information. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Financing/Investment. 386 sqft. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. U. Owner Financing available for qualified buyers. 4785 -The average rent price in Myrtle Beach, SC, is $1,315. A condotel allows you to be an owner without the stress of maintenance. . . Apply Now and Get a Quote Today! Get more details. Investing in a condotel (a condominium that operates as a hotel) can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach,. 29582, North Myrtle Beach, Horry County, SC. com or visit us at Myrtle Beach, situated in South Carolina, will be the perfect choice for you and your family. (843) 903-3550. 4785 -. I hear countless stories of confusion and people being ripped off by real estate agencies, who don’t have. 1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. 201 N 74th Ave. A condotel allows you to be an owner without the stress of maintenance. 12230 World Trade Drive Suite 250 San Diego, CA 92128. 1,654 sq ft. not a Non-Warrantable Condo loan) will fund up to 70% LTV nationwide, full documentation, 12 months PITI on all properties owned at close required, 680 min fico,. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. Investment properties are eligible for the Condotel program. Super comfortable and fully furnished, this u. Department of Housing and Urban Development | 451 7th Street S. S - Koa Campground in Myrtle Beach - 2 bd 2 ba 0 ½ ba. 3 beds. Condo For Sale In Myrtle Beach, South Carolina. More Details. Call ☎ (800) 697-4371. Myrtle Beach in Crystal Lake - View all 2 photos. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. Welcome. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Sheraton Myrtle Beach Convention Center Hotel. ft. com. Condotel Mortgage / Condo-Tel Financing / Condops. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all active and. 813 2nd Ave N, North Myrtle Beach, SC 29582. For monthly updates on current listings and new closed sales, sign up for our Surfside Real Estate News, one of the 50 versions of our e-newsletter. We specialize in Condo Loans Financing for Warranted Condo Loans, Non-Warranted Condo Loans, Condotel Condo Loans, Primary Condo Loans and DSCR investment Condo loans for long and short term rentals. North Myrtle Beach, SC 29582. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). . 503. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. It offers in size, 1 beds and 1 baths. Stay in touch with us at 843-999-0575 or email. Maximum 75% LTV. Each condotel is a part of a large-scale property that operates similar to a hotel, with a wide range of amenities and resort-style features. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. Financing/Investment. These rentals, including the outside marketing of them, are handled directly by the management company. Bluewater Resort - Myrtle Beach Condos for Sale. Condotels are condominium projects, which are individually owned and operated as a hotel. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. Any recommendations for lenders who offer 20% down on condotels. (843) 315-2535. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking at other properties, including standard condos. Do You Own Your Home? 2. 2ba. S Unit 816, Myrtle Beach — Coral Beach $170,000. 4 bds. Regarding how you like to bank, we know one size doesn’t always fit all. If you think that condotel ownership may be for you, we can help you apply for competitive condotel financing in Miami or the surrounding region. 1605 S Ocean Blvd, Myrtle Beach, SC. Anderson Ocean Club. Seller willing to owner finance! Introducing this ocean view efficiency condo in the most fun place to stay in Myrtle Beach. Compare hotel prices from hundreds of travel sites and get great deals. 1 Beds. info@afbcarolinas. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. This document expresses the opinion of Gene Carter, CDPE. Andrew Bay converge – Panama City Beach is a favorite of travelers seeking an affordable beach vacation with year round offerings. Poster. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. In addition to the requirements above, any project with one or more of the following characteristics is ineligible. Camelot By The Sea - Myrtle Beach Condos for Sale. The main point to consider when buying an oceanfront condo is the location. Show more. Condotel loans are available for up to $1. . Investing in a condotel (a condominium that operates as a hotel) can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach. Touch device users, explore by touch or with swipe gestures. Enjoy laundry facilities, a patio, and a TV. Located on a very quiet street. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. 1105 S Ocean Blvd. LOCATION. 1 Baths. However, securing financing for such a unique property can be a complex process. . DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. . Loans made or arranged pursuant to California Financing Law. We also offer our Condo/Condotel Lender List and Closed Sales Histories. Prestwick, SC Home for Sale. it's equipped with all. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. 00%. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. com®. Contact GET THE CASH YOU NEED WITH A REVERSE MORTGAGE! 1. The units are individually owned. In the 1960s, Folly Beach was quite a tourist destination and a new Oceanfront Plaza was built to replace the Oceanfront Hotel and Pavilion, which burned down in 1957. Many of those visitors that come, buy and sell real estate which generates hundreds of millions of dollars in tax revenue for the state of SC. This one-time fee typically varies anywhere from $250-$500 per unit and it covers the cost of setting up your account with a property management company. property tax, personal property tax (furniture tax), rental commission (the rental company in my resort charges 40% of gross rentals), all fees associated with each rental ie. 537 Sq. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. - Condo for sale. Condotels. 2 units occupied and the third is having work done on it now. When this occurs, we can offer. 107 Toby Ct. What Is A Condotel In Myrtle Beach. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. If you need a Condo Hotel purchase mortgage loan or a Condo Hotel refinance mortgage loan, please contact us at Gustan Cho Associates at 1. Airport (MYR) airport, the closest popular airport to the property. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. A setup fee, or onboarding fee, is the first fee you might run into. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. $590,000. $97 night. I know most of them are those condoels which apparently is an old term, but looking for insight. Pick the perfect place where watching the ocean from your balcony completely soothes your soul and encourages you to sit for hours and meditate. 2009. 455. (843) 945-1880. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. 1890 Auburn Ln, Myrtle Beach, SC 29575. Condo Financing and Condotel Mortgages. 19 Properties in Myrtle Beach from $119,000. You can also use this residence for ready and steady rental income. View Hotel. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. Unit owners also have the option to place their. New Changes To Condo Lending as of Dec 7th, 2020. Enjoy all the. Blog Author and CEO. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. Welcome to Alpha Mortgage, the trusted name in home loans and mortgage solutions. Source: activerain. The dog-friendly winter rentals are available at reduced off-season rates. $242,900. 1,045 Sq Ft. $239,900. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Asking Prices range from $100,000 to $16,995,000 with an average price of $1,417,970 and an average price per square foot of $1,300. 4785 -. Receive the Beach Pro Team’s current list of local condo and. com to schedule your consultation. Myrtle Mike Thompson. Just as importantly, you should know that loans for condos usually come with slightly higher interest rates. Borrowers can also email me at gcho@gustancho. 4785 -Posted 3 years ago. Unit owners also have the option to place their unit in the hotels rental program where it is rented out like any other hotel room. We also offer our Condo/Condotel Lender List and Closed Sales Histories. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. Unfortunately, your hometown lender is not going to have such a program but the lenders on. 3 bds. - Homes for sale presented by the Beach Pro Team: 843. Each condotel is a part of a large-scale property that operates similar to a hotel, with a wide range of amenities and resort-style features. 1905567 MLS. Our Mortgage Experts. For your protection, do not email your Account Number (s) or Social Security Number. We offer a variety of mortgage options: Conventional Mortgages. You can contact the owner directly at. CONDO SPECIALISTS. This unit features a full kitchen equipped with a full size fridge, rang. which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. 455. Fix and Flip Loans. 5/5. Condotel Financing Guidelines. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach Downtown Oceanfront Real Estate News, one of the 50 versions of our e-newsletter. His knowledge and expertise is second to none. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. Financing/Investment. Bridge Financing. Barefoot Commons Branch. Learn more about local market trends & nearby amenities at realtor. Nice residents and friendly staff. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. Richmond CONDOTEL Financing.