A condohotel, or a condo hotel as it is also called, is a unique type of residential and rental property. Individual owners have units, but they have. Stunning views you won't want to miss from this oceanfront condo at Prince Resort in the Cherry Grove section of North Myrtle Beach! This two-bedroom, two-bathroom unit o. 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. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. Coral Beach. Gene Carter, CDPE Myrtle Beach Real Estate Sales 1-800-872-4488 GeneCarter@BeachProTeam. 2ba. » Hotels in Myrtle Beach. Of particular interest to many are "condotels," condos that operate like a hotel with staff, maid services, and offer another option for those looking to invest. Compare different loan programs, rates, and down payments for your new. The project. * Only AAA 4 Diamond, 5 Star Resort in the area. Dec. Licensed SC Realtor for more than 35 years !!Does anyone have any advice or gotchas to look out for when buying a beach condo in a hotel to use as a rental unit with the hotel managers onsite? Think myrtle beach type rooms. 1890 Auburn Ln, Myrtle Beach, SC 29575. 455. The Best Courses, The Best Accommodations, The Best Prices. 1. Condo For Sale In Myrtle Beach, South Carolina. 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. Beach Park Resort - Myrtle Beach Condos for Sale. High LTV and Interest-Only Options. condo with a list price of $179000. These could. Bahama Sands Luxurious Oceanfront and Ocean View Condos. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Categories > Condo Hotels for Sale in Waikiki. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. See BBB rating, reviews, complaints, contact information, & more. Receive the Beach Pro Team’s current list of local. Gene Carter, CDPE Myrtle Beach Real Estate Sales 1-800-872-4488 [email protected] condotel is a hybrid between a condominium and a hotel that lets owners enjoy the unit (and the property’s on-site amenities) themselves as well as generate income by offering it as a short-term rental property. SEARCH OUR SITE. Don’t miss out on this rare opportunity to live in the well sought after Birch N Coppice community! This 3-bedroom 2-full bathroom end. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». net. Mortgage rates for condos and other types of properties have been volatile in recent years. Pick the perfect place where watching the ocean from your balcony completely soothes your soul and encourages you to sit for hours and meditate. Financing for Condos. 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. See pricing and listing details of Daytona Beach real estate for sale. Former Atlantic Beach town manager William Booker, who owns the 3310 Highway 17 S. CONDO RESOURCES. 4785 -When it comes to planning for your financial future, there is no such thing as one-size fits all. Many property owners also use their Myrtle Beach condotel for personal use. . 4. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. Myrtle Beach, SC 29579; Office: 800. 4800 S Ocean Blvd. 3 Beds. User Stats. 186 Fresh Drive. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. Investment property loans Commercial & Residential Condo Hotel Loans. Get in touch with a North Myrtle Beach real estate agent who can help you find the home of your. 1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. Bay View Resort. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Condotel at 10% APR?? Mike Dawson. 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. Type: ManufacturedHome, Year Built: 2021. Call ☎ (800) 697-4371. - Homes for sale presented by the Beach Pro Team: 843. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. View property. A: 1515. Trackback from your site. One Ocean Place Bldg. Financing/Investment. Financing/Investment. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. is a licensed lender. Easy to finance. Toll Free: 1-888-667-1772. 2 Beds. A condotel is just what it sounds like—a cross between a condominium and a hotel. 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. Add in the area’s relatively low cost of living, and it’s not surprising to see. Try adding more details such as location. is a licensed lender. 2 Baths. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. This unit features a full kitchen equipped with a full size fridge, rang. . 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,. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. Live like a pampered guest in a Honolulu. Most of the Myrtle Beach oceanfront high rises are condotels. No appointments necessary. #K-3. 1516 Edge Dr. When you're ready to buy, we'll be here to help. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. Specific property information is deemed reliable but is not guaranteed. With a private balcony, these level 3 condominiums are angle oceanfront units. (843) 444-LOAN (5626) Home. 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. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. . Myrtle Beach, SC 29579. The rent is split between management and the owner in the range of 40%-60% in favour of the owner, but can often be as high. 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. 161 Seawatch Drive, Myrtle Beach, SC 29572. 1,501 sqft. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. Located on a very quiet street. 33. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Even if you don’t fall into one of these categories but still need a mortgage, reach out for a conversation to see if we can help. 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. The units are individually owned. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. Property owners can generate higher returns than traditional mortgages and access more flexible loan terms. Financing/Investment. Leave a Comment. Minimum down payment of 15%. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. 9670 Shore Dr. 2000 Highway 17 S. 4856 Magnolia North Carnation Circle, Unit: 304, Myrtle Beach, SC 29577. Owner Financing Available - Myrtle Beach, SC Home for Sale. Super comfortable and fully furnished, this u. 30-year fixed. condo with a list price of $179000. Maximum 75% LTV. 00. . After all annual fees are paid ie. . Condo Financing and Condotel Mortgages. I found Condotel Financing at competitive rates Types of Mortgages Available Principle & Interest Mortgage Options. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. 2000 Hwy 17 S. Sand Dunes Resort Condos For Sale. It was a nice room close to the pool with a good open floor plan. The Ashworth Resort 102 N Ocean Blvd North Myrtle Beach, SC. com to schedule your consultation. The list is based on the Beach Pro Team's years of experience and expertise in condo financing. Bridge Dale • 2 years ago. Building or project needs to be more than or equal to 50% for commercial – this will be determined by the appraiser. Beach Pro Team, Gene Carter REALTOR. Demise Of Condotel Financing After Real Estate Meltdown. 386 sqft. (843) 796-1358. 6. - Homes for sale presented by the Beach Pro Team: 843. Popular attractions Grand Theatre and Magnolia Lake are located nearby. 4817 Magnolia Lake Dr APT 301, Myrtle Beach, SC 29577. After all annual fees are paid ie. 37 ACRES. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact . Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 00. South Carolina Beachfront Condos & Villas For Sale listings have an average sales price of $342,818 ranging in price from $24,000 to $1,599,000. 1 Baths. com. Receive the Beach Pro Team’s current list of local condo and. A perfect beach retreat, Heron Pond is a condo complex on the north end of Myrtle Beach and a short walk to the ocean. 2000 Highway 17 S. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. Richmond CONDOTEL Financing. We also offer. 1,039 Myrtle Beach SC Condos for Sale. Owner Financing available for qualified buyers. TRUE Private Money! Close in as little as 10 Days, No FICO Min. Just as importantly, you should know that loans for condos usually come with slightly higher interest rates. Myrtle Beach, SC. 3 Baths. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. 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. Condotel Financing Guidelines. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. Overbuilding. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. 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. info. OK Myrtle Beach Hard Money Lender, BBB A+ Rated, Excellent Rehab Program for Fix-to-Flip Projects. Great location!!!! just minutes from the beach, broadway at the beach, tons of dining options and golf courses. Malibu Pointe Beach Club: 5 Listings from $285,000: Mar Vista Grande: 3 Listings from $769,500: North Beach Plantation: 17 Listings from $250,000: Prince Resort: 1 Listings from $372,900: Tilghman Beach And Golf Resort: 27 Listings from $320,000: More Myrtle Beach Condos for SaleBuying or selling a foreclosed condo in Myrtle Beach Area, SC,? Let The Harrelson Group help you in all your Myrtle Beach Area, SC foreclosed condominium needs. Search the web for: condotels condotels north myrtle beachClick 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. net. I am looking at Myrtle Beach for my first property. SEARCH OUR SITE. . 475 sq ft. 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. Write a review. $350,000. , Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455Myrtle Beach. which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. Condotels at SurfMaster is 9. Learn more about local market trends & nearby amenities at realtor. Camelot By The Sea - Myrtle Beach Condos for Sale. 3 Beds. 3 bds. 1st Bedroom: 1 king bed, attached bath. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Financing Your New Home in Myrtle Beach. $189,000 and up - Condo Hotel. Columbia SC. Become a member or tee off for the day at a variety of courses from Pawleys Island to North Myrtle Beach. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. 7/03/2020 - Zillow. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. Currently, the condotel purchase market in South Beach, Panama. Bluewater Resort - Myrtle Beach Condos for Sale. Ocean Blvd. It offers in size, 1 beds and 1 baths. This document expresses the opinion of Gene Carter, CDPE. How to Avoid a Loan Denial New Changes To Condo Lending as of Dec 7th, 2020. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. Condotels have hotel-like amenities and services – unlike the conventional condominiums. Trump International Hotel and Tower. NEW - 4 HRS AGO FOR SALE BY OWNER. JLL, a Chicago-based global real estate company, announced Oct. 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. Highly likely to recommend Gene Carter has sold five condo's in Myrtle Beach for our partnership in the last 3 years, the last closing 7/1/2020. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy ed-Full Kitchen!! Coral Beach Resort is Continually voted BEST RESORT ON THE BEACH!!. There are 630 real estate listings found in North Myrtle Beach, SC. 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. location of a barber shop, has sued a candidate running for council on Nov. CCNB offers special rates and terms for condotels in the Myrtle Beach area. Condotel-Loans Condotel Loan. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. com (800) 697-4371. Written by Jerry Pinkas on June 8, 2018. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. 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. Find oceanfront condos for sale in Myrtle Beach, SC like a real estate agent! Exclusive access to condominium listings near the ocean in Myrtle Beach, South Carolina!Myrtle Beach. 7. Buying a condo is a lifestyle choice. 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. 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. You can also use this residence for ready and steady rental income. Medieval Times Dinner & Tournament. I. 201 74th Ave N #2731, Myrtle Beach, SC 29572. 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. A: 1515. Financing Condos in Myrtle Beach. 10 days on Zillow. The main point to consider when buying an oceanfront condo is the location. Beach Cove Resort North Myrtle Beach. . North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. 1 bd; 1 ba; 537 sqft - Condo for sale. 745 sq ft. 3910 Highway 17 South. (843) 444-LOAN (5626) wp@444loan. 475 sq ft. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. 3 baths. This is a unique option because rather than selling the loan to Fannie Mae, we fund and service the loan, meaning you will receive your monthly mortgage statement from us, and make payments to us. 00 or as much as $3,360. First Last. If you decide to invest in a short-term rental property in a condotel, here are four tips for getting started: 1. When this happens, I am able to obtain a regular,. 2013 New Condotel Financing; Loan Process. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. The following are the criteria in which properties would be allowed for condotel financing: The units need to have a full kitchen and a separate bedroom. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. First Last. LOCATION. 965 Condos For Sale in Myrtle Beach, SC. Call ☎ (800) 697-4371. 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. 08260, Wildwood Crest, Cape May County, NJ. 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. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Foreign National Loans. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. Unit 839/840, Myrtle Beach $299,900. . The team at Gustan Cho Associates are specialists in condotel financing in Florida and. Was approved for $80k to purchase a beach rental property to come and find out that the loan cannot be used to finance a condotel. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. Contact Information. Condotel financing terms. $242,900. Adam Benson The Sun News. com. 1 Baths. DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. 1 Beds. Whether you are looking for exciting watersports or to dance the night away at Broadway at the Beach, The Caravelle. Maximum 75% LTV. 5/5. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. Compare hotel prices from hundreds of travel sites and get great deals. NMLS #5645 These programs are available to only qualified borrow1105 S Ocean Blvd. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. NEW - 4 HRS AGO FOR SALE BY OWNER. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. To view info on hundreds more resorts, go to our. Typically, each of the units within a condotel is sold to an individual owner. Best Western Ocean Sands Beach Resort - Traveler rating: 4/5. Receive the Beach Pro Team’s current list of local. 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. Common questions are answered to help inform you about the way our ocean front condo market operates. 7, 2023. 32 days on Zillow. Investment property loans Commercial & Residential Condo Hotel Loans. Check your spelling. 1% over the past year and Zillow predicts they will fall -2. Unit 50905, Myrtle Beach — Sea Mist $47,000. 161 Seawatch Drive, Myrtle Beach, SC. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. Guthrie "Always Mobile" (843) 446-3444. 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. Owner financing available beycome. [email protected] a larger selection of condo types - we lend on a wide variety of condo developments, including new construction and conversion projects. M - F 8am -5pm. …. 1 bed. 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. 2. An Atlantic Beach town council candidate spent six years in federal prison following a 2007 conviction on multiple drug charges in Virginia, according to court records. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. . The most recent sale had a number of twists and turns. 1105 S Ocean Blvd. Financing a myrtle beach condotel. $189,000 and up - Condo Hotel. Find out everything you need to know about Condotels. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Read More. When autocomplete results are available use up and down arrows to review and enter to select. Thanks in advance. North Myrtle Beach Branch. Spend your time in the warmer weather enjoying this Beautiful home located in the permanent section of the KOA Campground!At Fidelity Home Group, we are Condotel Financing Florida mortgage experts! The Condotel also known as the Condo Hotel is quickly becoming popular in Florida as an investment opportunity. View our North Myrtle Beach real estate area information to learn about the weather, local school districts, demographic data, and general information about North Myrtle Beach, SC. 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. The. A new modern luxury condo hotel is now being offered on the tree-lined shores of serene Lake Austin, with access to a local resort with…. Condotel financing cannot be financed through conventional loans. 1,045 Sq Ft. Show more. - Homes for sale presented by the Beach Pro Team: 843. Full pet policy & more. Generally, I am able to review the condo project, and determine that the out-of-market lender is incorrectly classifying the condo project as a condotel. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. Even if we can’t help ourselves, we may be able to point you in the right direction. 8 Listings from $174,900. Print . I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626) 1830 Marion St. 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. Apply Now and Get a Quote Today! Get more details. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. . 4785 -. 3 beds. Learn what factors lenders consider in underwriting a loan on a condo hotel unit. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. Enjoy an in-room DVD player, a TV, and cable/satellite TV. #D. Units require at least a true 1 bedroom. W. . 60%. $242,900. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. Sea Mist Eff/1BA oceanview condo. Condo For Sale In Myrtle Beach, South Carolina. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. In this article, we will explore the key.