Okay. This home is only a few blocks from BUS 17 and only a 2 minute car-drive/5 minute golf-chart drive to the beach. There is no maximum loan size on Condotel Financing Mortgage Loans. com. 303% for a 15-year fixed, and 7. Browse photos and listings for the 33 for sale by owner (FSBO) listings in Myrtle Beach SC and get in touch with a seller after filtering down to the perfect home. November 1, 2023. 3 Beds. Myrtle Beach, SC 29572Apache CampgroundResidential. The project. Setup fee. Good value. A condotel combines short-term living units like a hotel and ownership units like a condo. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. Thanks so. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort. $350,000. A: 1515. 843. Panama City Condo Mortgage Rates; Panama City Beach Condotel Mortgage Rates; Panama City Beach Condo Mortgage Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (850) 495-30355300 N Ocean Blvd. 720 sqft. Long-Term Fixed or ARM Rates. THE EPITOME OF A LUXURY GOLF VACATION. . #D. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Outdoor property amenities are not always available. I am looking at Myrtle Beach for my first property. LOCATION. If you're looking for monthly condo rentals in Myrtle Beach, SC, book today with Condo-World! Arrive. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. To be in. -1. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. Contact Information. 2000 Highway 17 S. Coral Beach. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. Visit hotel website. net. What a unit owner owns is typically different than what a unit owner owns in a typical. Get a condo insurance quote online or call for advice. 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. 455. 29582, North Myrtle Beach, Horry County, SC. Financing for Condos. The financing assumes a 20% down payment and 20-year term. 1 bath. Investment properties are eligible for the Condotel program. Seaside Realty Company Broker In Charge, E-Pro Certified. 1890 Auburn Ln, Myrtle Beach, SC 29575. Dec. Powered By Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. This unit is at the Atlantica Resort, which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. Learn what factors lenders consider in underwriting a loan on a condo hotel unit. $242,900. Units require at least a true 1 bedroom. I've touched base with a lender who offers 25% and another lender who has 30% down. (843) 315-2535. 1990 N Waccamaw Dr. 219 Camber Rd, Huger, SC 29450. . Myrtle Beach City Manager John Pedersen previously told The Sun News such an exception would be made since many of Myrtle Beach’s hotels are condotels with rooms. Unit 1008, North Myrtle Beach — Prince Resort $355,000. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. 455. The list is categorized by the types of loans each lender can provide and includes the lender's name, phone number, email and website. Petersburg CONDOTEL Financing. Contact CondoLux’s Myrtle Beach Condo Sales Team or call (800) 624-6418, we represent vacation property all over the Grand Strand and your needs will be handled by the best professional who can service your. Hopefully, now you understand why your regime fees will easily be $400 to $1500 a month (depending on what condo development) you own. 00 or as much as $3,360. Get a Free Rate Quote Online! As a Myrtle Beach condotel lender, we specialize in offering financing for a wide range of condominiums, including condotels. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. On a case by case scenario, even if the rental income is claimed on the schedule E, the property can be classified as a second home. Leave a Comment. I hear countless stories of confusion and people being ripped off by real estate agencies, who don’t have. 455. Airport (MYR) airport, the closest popular airport to the property. Established in 1985, Barefoot Rental Management provides residential property management services in Myrtle Beach as well as Surfside, Garden City, Murrells Inlet, North Myrtle Beach, Conway, Carolina Forest, and Little River. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. Indeed, when looking to rent in Myrtle Beach, SC, you can expect to pay as little as $570. To view info on hundreds more resorts, go to our. 4785 -. is an equal housing lender. USDA. High LTV and Interest-Only Options. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. Our Myrtle Beach real estate agents can help you find new construction homes, resale real estate, primary residence, second home, 55 plus retirement, Oceanfront, Intracoastal Waterway, Golf Course, bank owned homes, or commercial property. 455. Jumbo Mortgages/Adjustable Rate Loans. 2 Beds. 1 Baths. net for more info or call 843. Fast Closing and Flexible Underwriting. A condominium hotel, sometimes called a condotel, is a condominium but operated and managed like a hotel. Unit owners also have the option to place their. Amenities Photos Map View Reviews FAQs. 1033 World Tour Blvd UNIT 105, Myrtle Beach, SC 29579. 2013 New Condotel Financing; Loan Process. This document expresses the opinion of Gene Carter, CDPE. Condotel Financing began to be a very popular idea around 2001, because of difficulty in funding a Condotel Loan higher than 50% of the Condotel purchase price. North Myrtle Beach Waterfront/Oceanfront Condominiums for Sale. 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. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. The dog-friendly winter rentals are available at reduced off-season rates. Ripley's Aquarium of Myrtle Beach. 36 homes. 2. - Homes for sale presented by the Beach Pro Team: 843. 40-Year Fixed IO. Myrtle Beach, SC 29579. 3bd. 3 Baths. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Get a Free Rate Quote Online! As a Myrtle Beach condotel lender, we specialize in offering financing for a wide range of condominiums, including condotels. Hard Rock Cafe Myrtle Beach. - Homes for sale presented by the Beach Pro Team: 843. Most posts I've seen on this topic are old. Sellers are permitted to pay up to 6% of closing costs. Fix and Flip Loans. 1516 Edge Dr. Welcome to 2500 N Ocean Blvd, this gorgeous oceanfront condo has endless views of the Atlantic Ocean. About the Condotels Golf Colony. Florida for $50,000 close by the beach. Easily calculate a Myrtle Beach mortgage for all types of home loans including; first mortgages, second home loans, condotel financing in myrtle beach, investment properties, land, FHA and VA loans. The money you make from the rental can help you offset some of the costs and often create extra revenue. Myrtle Beach, SC 29579; Office: 800. 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. Super comfortable and fully furnished, this u. Sea Watch Resort is close to some of Myrtle Beach’s most popular attractions, including Restaurant Row, the Tanger Outlet Mall, Barefoot Landing, and Restaurant Row. TRV66338---. Sand Dunes Resort Condos For Sale. Unit 50905, Myrtle Beach — Sea Mist $47,000. Sea Mist offers indoor & outdoor pools, a large water park, hot tub/spa, wading pool, lazy river, sun decks, mini golf, 90 seat movie t. Sheraton Myrtle Beach Convention Center Hotel. Bay View Resort is located on the board walk and is at the heart of Myrtle Beach in close proximity to top attractions such as the Sky-wheel, Pavillion, 2nd Ave Pier, and more!A condotel is a short-term rental unit in a condominium project generally found in resort-zoned and specific apartment-zoned areas. (843) 213-1720 (843) 213-17274066-A Taranto Loop UNIT 5101-A Myrtle Beach in Bella Vita Garden Homes - View all 39 photos. Check your spelling. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. Grand Theatre and Art Museum of Myrtle Beach are cultural highlights, and some of the area's attractions include SkyWheel Myrtle Beach and Wild Water and Wheels. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. Call ☎ (800) 697-4371. Nov 23, 2023 - View the Best vacation rentals with Prices in North Myrtle Beach. * 5 Star Steak House Restaurant on-site. Building or project needs to be more than or equal to 50% for commercial – this will be determined by the appraiser. Condo in Myrtle Beach. More Details. For your protection, do not email your Account Number (s) or Social Security Number. 2. ACMG offers 90% fixed or adjustable rate loans of amounts up to $417,000 to be used on second homes consisting of 1 Unit Properties, Condos and PUDs. 2ba. N Unit H, Myrtle Beach, SC 29572. 537 Sq. Call ☎ (800) 697-4371. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. Located on the 10th floor in the Palmetto building, this. 4785 - Home; Search MLS. Condotels at SurfMaster is 9. Newly Renovated. North Myrtle Beach. Do You Own Your Home? 2. NEW - 4 HRS AGO FOR SALE BY OWNER. BridgeWell Capital professionals often finance investments in 10 days or less; no matter your current credit, financial, or employment situation. 1105 S Ocean Blvd. Enjoy laundry facilities, a patio, and a TV. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. Prestwick, SC Home for Sale. Learn about Myrtle Beach Home Loans, First Mortgages, Second Home Loans, Condotels, FHA and VA Loans, Any Credit. Investment property loans Commercial & Residential Condo Hotel Loans. 455. Gene Carter: Cell 843-455-4785. com. (843) 315-2535. (843) 492-4030. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. Although. Or email us at gcho@gustancho. S. com (800) 697-4371. 1 bath 400 sq ft 201 74th Ave N #2636, Myrtle Beach, SC 29572 (843) 492-4030 Owner Financing - Myrtle Beach, SC Home for Sale OWNER FINANCING AVAILABLE!!!!! No. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. Take a lesson or enjoy a tournament. Condotel-Loans Condotel Loan. Condotel Mortgage Rates; Florida Condotel. Doug Shaw Memorial Stadium. These could. Long-Term Fixed or ARM Rates. Real Estate Investors and homebuyers can also subscribe to our newsletter at word condotel is relatively new to the real estate vocabulary, but it is an important term for buyers to understand if they are interested in purchasing a condo in a resort location. Lastly, most out-of-town lenders are not going to have a condotel loan program available in the event that the condo is accurately classified as a condotel. Owner Financing Available - Myrtle Beach, SC Home for Sale. 161 Posts 128 Votes. Choose an in-demand location. 1 Baths. Regarding how you like to bank, we know one size doesn’t always fit all. Beach Colony. At Bankoh Investment Services, we take the time to get-to-know you and understand your financial needs and goals. S Unit 816, Myrtle Beach — Coral Beach $170,000. Myrtle Beach, a scenic oceanfront community in South Carolina, offers both guests and residents miles of beaches, inland waterways, more than 100 golf courses, and activities for all ages. Full pet policy & more. - Homes for sale presented by the Beach Pro Team: 843. Indoor Pools. 1 Baths. If you decide to invest in a short-term rental property in a condotel, here are four tips for getting started: 1. There are 2,731 real estate listings found in Myrtle Beach, SC. 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. Best-located and Equipped North Myrtle Beach Condos. Monthly Real Estate News; Local News. 9670 Shore Dr. $242,900. View 28 photos of this 1 bed, 1 bath, 581 sqft. Condo for Sale in South Myrtle Beach, SC: Gorgeous Direct Oceanfront 1br/1ba Furnished 3rd floor unit in Landmark Resort! This unit features updates including Brand new 50 inch tv in the living room and 40 inch tv in the bedroom, air conditioning units less than 3 years old, tile floors throughout, Quartz countertops, updated kitchen cabinets, fixtures, outlets, bedding, furniture, bed, and. 1 Baths. Known for its 60-mile stretch of beach called “The Grand Strand,” Myrtle Beach was first incorporated as a town in 1938 with a population of 5000 and then transformed into a city in 1957. 455. I have to admit, first of all, that it's been close to 20 years since I've been to Myrtle Beach, although for a 20 year period of time prior, I visited MB almost every year. Trump International Hotel and Tower. - Homes for sale presented by the Beach Pro Team: 843. Explore the Coral Beach condos for sale in Myrtle Beach SC. 1515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. LINENS & DEPARTURE MAID SERVICE INCLUDED IN RATES! Winter Rentals in North Myrtle Beach are from October to March. I own a condotel unit in Myrtle Beach, SC and have found that they are not a source of ‘easy money’ based on rental income. Provided Horry County. Embrace the true meaning of a Coastal Living lifestyle with these beautiful New Construction Villas, about 1 Mile to the Beach and move in ready! Visit our Fur. In addition to the requirements above, any project with one or more of the following characteristics is ineligible. Live like a pampered guest in a Honolulu. We have a list of the best greens in the state and country. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. 813 2nd Ave N. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Nestled in the heart of Myrtle Beach next door to the famous Sea Mist Resort and Landmark Resorts guests can find an oasis where family, fun, surf, and sun all go hand in hand. . Financing/Investment. owner financing available! no need for traditional condotel financing hassles! direct oceanfront full 1 bdrm, 2 queen beds plus murphy bed-full kitchen! coral beach resort is continually v Contact Us. Bridge Dale • 2 years ago. By Adam Benson. Questions: 803-998-1000. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. facebook; linkedin;. 2ba. #7 of 8 condos in Garden City Beach. 4785 - Posted 3 years ago. The Best Courses, The Best Accommodations, The Best Prices. 4 bedrooms. Contact us today and let Alpha. One Ocean Place Bldg. . 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,. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. Come and. com. Until, you find out, usually the week before closing, the underwriter for the lender, says they don’t do condotels, they only finance condos! Seen it happen hundreds of times with inexperienced real estate agents and consumers. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. it's equipped with all. Condotels are condominium projects, which are individually owned and operated as a hotel. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. com. . Myrtle Beach - Click Below For Columbia. Read More. Reasons To Refinance; Pre-Approval; Unlike hotels, where a corporation owns the whole hotel, in condotels each unit is sold separately similar to a condo. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. Bridge Financing. We also offer our Condo/Condotel Lender List and Closed Sales Histories. Another Myrtle Beach hotel with towering views of the Atlantic Ocean is for sale. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Blog Author and CEO. The major difference between a condo and a condotel is that short term, nightly rentals are available in the latter. com. 1 Listings from $649,900. Expanded Investor Loans. DSCR calculations as low as zero are eligible for the program. 9. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. 1,000 Sq Ft. Trump International Hotel and Tower. Lauderdale, FL, etc. North Myrtle Beach, SC 29582. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. com®. W. Financing/Investment. This ground level 2-bedroom condo is located in the popular Seagate Village. 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 pending) and more. Condo Financing and Condotel Mortgages. This ground level 2-bedroom condo is located. The Atlantic Beach Town Council will soon take a final vote to rezone land for the $80 million project. Seaside Inn Resort is close to Barefoot Landing, Ocean Drive’s Main Street, The Tanger Outlets and the many shops, restaurants and attractions of North Myrtle Beach. Condotel Financing Guidelines. 161 Seawatch Drive, Myrtle Beach, SC 29572. Don't. For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. The HOA or the project’s legal documents require unit owners to share profits from the rental of units with the HOA, management company, or resort, or hotel rental company. CONDO FINANCING. Unit 5, Myrtle Beach — Birch N' Coppice $275,000. Portfolio Financing for Condos and Condotels. Or email us at gcho@gustancho. The condotel must have at least 500 square feet of living area. 1,045 Sq Ft. 974% for a 5-year adjustable-rate mortgage (ARM). info@afbcarolinas. North Myrtle Beach, SC 29582. 1 bathrooms. *A $250 refundable cash security deposit is required upon check-in for this unit type. . 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. Condo For Sale $239,900. Quiet cul de sac location. com (800) 697-4371. Bay View Resort - Myrtle Beach Condos for Sale. [email protected]. Call 1-866-383-5345 or find a mortgage. Many national, big named banks will not finance a condotel. 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. With an average of 320 days of Florida sunshine each year – and 27 miles of sugar-white sands bordering the clear, emerald green waters where the Gulf of Mexico and St. Condotels International Inc. Now Specializing in Small HOA Property Management (843) 467-8106 Seven Days a Week Property Management for Myrtle Beach & Murrells Inlet Read More Renters? Apply Online with our Convenient Form Rental ApplicationA condotel is a combination of a condominium and a hotel and is a unique type of property ownership. During the pandemic, rates on 30-year fixed mortgages fell below 3 percent. Investment property loans Commercial & Residential Condo Hotel Loans. We also offer our Condo/Condotel Lender List and Closed Sales Histories. A condotel essentially is a condo that can be rented either by the night, the week, the month or multiple months, and is similar to that of a resort as the building has a front desk where people can walk up to book or rent a unit. Now we’re seeking a publicly traded condotel management company. 29577, Myrtle Beach, Horry County, SC. Qualification based on Property Income, Not Your Income. MLS# 2305975 / Sold. Trackback from your site. Loan Products. View 28 photos of this 1 bed, 1 bath, 581 sqft. Add in the area’s relatively low cost of living, and it’s not surprising to see. Learn more about local market trends & nearby amenities at realtor. 4066-C Taranto Loop UNIT 5203-C Myrtle Beach in Bella Vita Garden Homes - View all 22 photos. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). location of a barber shop, has sued a candidate running for council on Nov. Call ☎ (800) 697-4371. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. $350,000. NMLS #5645 These programs are available to only qualified borrow1105 S Ocean Blvd. - Condo for sale. $590,000. Welcome. 2013 New Condotel Financing; Loan Process. Coral Beach Bldg. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. 2 Beds. Patricia Grand Resort Hotel welcomes two dogs up to 20 lbs in designated rooms for an additional fee of $20 per pet, per night (up to $150 per week). Owners used as 2nd home. 1 Baths. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. Condotels are condominium projects, which are individually owned and operated as a hotel. Receive the Beach Pro Team’s current list of local.