Newly Renovated. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. . Forums > South Carolina > Myrtle Beach - Conway area: Condotel purchase on the beach - Myrtle Beach User Name: Remember Me: Password. Dec. SOUTHERN COAST INSURANCE GROUP INC 4420 Oleander Dr Ste 104 Myrtle Beach, SC 29577 Get Map Phone: 843-839-5076 Fax: 843-353-0785 Contact Us2 BDS | 2 BA | 1,100 SQFT. Island Vista Oceanfront Resort - Traveler rating: 4. Toll Free: 1-888-667-1772. Enjoy the. City-Data Forum > U. Condotels are condos that are run as resort properties and offer amenities such as check-in desks, maid services, room service, etc. 2 Bed. Qualification based on Property Income, Not Your Income. 75 (198) Superhost. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. The units are individually owned. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. High LTV and Interest-Only Options. This is a Condotel, and you must abide by the Wildwood Crest Ordinance which is located in Associated Docs. Our local team of experienced financial advisors will work with you to develop a customized financial plan tailored to help you. 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,. First Last. This oceanfront resort is located at 1105 S Ocean Blvd, Myrtle Beach, SC 29577. Portfolio Financing for Condos and Condotels. When you're ready to buy, we'll be here to help. info@afbcarolinas. We also offer our Condo/Condotel Lender List and Closed Sales Histories. Explore the Coral Beach condos for sale in Myrtle Beach SC. -1. 1 bath. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. Condo For Sale $239,900. Myrtle Beach, SC 29572Apache CampgroundResidential. The house always wins. $499,000. 2023. Bridge Financing. Qualification based on Property Income, Not Your Income. Now we’re seeking a publicly traded condotel management company. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach Downtown Oceanfront Condos Real Estate News, one of the 50 versions of our e-newsletter. Enjoy oceanfront views from this 7. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment. No Exp. Unit 50905, Myrtle Beach — Sea Mist $47,000. 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,. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Located in the heart of Myrtle Beach, The Caravelle Resort Myrtle Beach SC makes it easy to enjoy all of the delicious restaurants, golfing, adventure, shopping, and entertainment that the Grand Strand has to offer. Coveted. Learn what factors lenders consider in underwriting a loan on a condo hotel unit. . 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. I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. 3bd. Beach Cove Resort North Myrtle Beach. Call ☎ (800) 697-4371. Specific property information is deemed reliable but is not guaranteed. Discover genuine guest reviews for Condotels Golf Colony along with the latest prices and availability – book now. Best Western Ocean Sands Beach Resort - Traveler rating: 4/5. 0. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact . 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. 36 homes. 444. To be in. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. Enjoy laundry facilities, a patio, and a TV. Golf colony resort 5p. Print . 1 Beds. 107 Toby Ct. 1. 504 North Ocean Blvd #310, Myrtle Beach, SC 29577. is a licensed lender. Condo For Sale $199,900. Beach Colony. Beach Pro Team, Gene Carter REALTOR. (843) 444-LOAN (5626) [email protected] Reconsider the ‘Condotel’. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. The Ashworth Condos For Sale. Located on the 10th floor in the Palmetto building, this. com (800) 697-4371. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. Sea Mist Eff/1BA oceanview condo. Fast Closing and Flexible Underwriting. 2 Baths. 3 bds. . Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. Blissful Mortgage is your Condo Mortgage loan experts with 17 years of experience. $97 night. 455. Many banks and mortgage bankers used to finance condotels prior to the collapse and many condotel unit owners still have condotel financing loans with big banks such as Wells Fargo, Chase, Citibank, Bank of America, and other local, regional, and national banks at high-interest rates. Another question I get asked all the time is what is a condotel? Condotel versus condo? A condotel is a condo that can be rented by the night, by the week, o. 387 sq ft. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. TRV69318---. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. North Myrtle Beach, SC 29582. 6. Amenities Photos Map View Reviews FAQs. - Homes for sale presented by the Beach Pro Team: 843. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. Best-located and Equipped North Myrtle Beach Condos. North Myrtle Beach Waterfront/Oceanfront Condominiums for Sale. . VA Loans. Welcome to your dream home at Apache Campground! This beautiful, new home is situated on a corner lot and offers plenty of space. Contact Us Today To Get Started. 1 Beds. To view info on hundreds more resorts, go to our. The list is based on the Beach Pro Team's years of experience and expertise in condo financing. There are 2,731 real estate listings found in Myrtle Beach, SC. Bay View Resort - Myrtle Beach Condos for Sale. - Homes for sale presented by the Beach Pro Team: 843. 1 Baths. 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. In comes what we call our portfolio option for condotel financing. Also, STR properties (rental terms of less than 90 days) must be registered with a $1K initial registration fee, and a $500 annual renewal fee. Condotels are typically high-rise buildings which are developed and operated as a luxury hotel and are usually found in major resorts and cities. A condotel is just what it sounds like—a cross between a condominium and a hotel. THE EPITOME OF A LUXURY GOLF VACATION. Condo For Sale In Myrtle Beach, South Carolina. Myrtle Beach, SC 29579; Office: 800. com. 107 Toby Ct. Beach Cove Resort offers two and three bedroom oceanfront condos. 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. Sometimes one size doesn’t always fit all. . 455. Borrowers can also email me at gcho@gustancho. . Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. 904 62nd Ave. Located on the 10th floor in the Palmetto building, this. info@afbcarolinas. By Adam Benson. The financing assumes a 20% down payment and 20-year term. . The CondoLux staff is very helpful on the phone and at the office. Nice residents and friendly staff. Grand Strand Coastal Realty. 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. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. Long-Term Fixed or ARM Rates. Unfortunately, your hometown lender is not going to have such a program but the lenders on. 455. Categories > Condo Hotels for Sale in Waikiki. Although. CCNB offers special rates and terms for condotels in the Myrtle Beach area. (843) 800-8484. Blog Author and CEO. Unit 1-904, North Myrtle Beach — Yacht Club Villas $619,999. 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. is an equal housing lender. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. 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. 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. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. Condotels are condominium projects, which are individually owned and operated as a hotel. Had some noise complaints the first night but they where delt with. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). facebook;. 455. 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. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. . com. Bahama Sands Luxurious Oceanfront and Ocean View Condos. MORTGAGE CALCULATOR. Full pet policy & more. Posted in Myrtle Beach Condos For Sale, Myrtle Beach Real Estate. Condotel at 10% APR?? Mike Dawson. 1 bathrooms. And at Aaron Miller Insurance, we’re always here to help, contact us today! At Aaron Miller Insurance we’re here for you, and we’ll work to get you the best deal possible. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. 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. 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). We have the experience and knowledge to help you find the right condo insurance policy for your needs and budget. Financing Your New Home in Myrtle Beach. Beach Cove Resort - Traveler rating: 4/5. I hear countless stories of confusion and people being ripped off by real estate agencies, who don’t have. Bedroom in Myrtle Beach SC. What Is A Condotel In Myrtle Beach. 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. 2300 N Ocean Blvd. View Details. We also offer. Bella. Outdoor property amenities are not always available. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. Thanks in advance. Condotels are condos that are run as resort properties and offer amenities such as check-in desks,. Myrtle Beach, SC 29577. In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. Enjoy the. condo with a list price of $179000. Find out everything you need to know about Condotels. $387,000. Many property owners also use their Myrtle Beach condotel for personal use. 169 reviews. ★THE BEST location: mere steps to the beach, walkable to the famous Myrtle Beach Boardwalk, minutes from hundreds of shops, restaurants + attractions ★Spend time w/friends in the 16-person HOT TUB ★Seasonal beachfront pool bar, indoor/outdoor pool decks, hot tubs, lazy river ★FAMILY: Board games, pack n play,. 3 br, 2 ba, 1930 Tot. 4712 Cobblestone Dr. 1 bed. November 30, 2023. com. Qualification based on Property Income, Not Your Income. Condo For Sale $235,000. 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. Hopefully, now you understand why your regime fees will easily be $400 to $1500 a month (depending on what condo development) you own. Coral Beach Features and Amenities. facebook; linkedin;. 4066-C Taranto Loop UNIT 5203-C Myrtle Beach in Bella Vita Garden Homes - View all 22 photos. 813 2nd Ave N. Type: ManufacturedHome, Year Built: 2021. $590,000. Lauderdale, FL, etc. Myrtle Beach SC. After all annual fees are paid ie. It offers in size, 1 beds and 1 baths. Written by jpinkas on August 17, 2018. 3 Beds. Andrew Bay converge – Panama City Beach is a favorite of travelers seeking an affordable beach vacation with year round offerings. $805,449. . 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. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. The house always wins. 00 or as much as $3,360. 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. 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. $242,900. View 24 photos of this 2 bed, 2 bath, 1045 sqft. 5 million. One Ocean Place Bldg. Pet Friendly. View property. Fannie Mae does not mind nightly. 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. com. We offer a variety of mortgage options: Conventional Mortgages. - Homes for sale presented by the Beach Pro Team: 843. 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. 5/5. Apply Now and Get a Quote Today! Get more details. $590,000. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. Bars. 4785 -When it comes to planning for your financial future, there is no such thing as one-size fits all. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). Powered By Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. When this happens, I am able to obtain a regular,. 4712 Cobblestone Dr APT K-3, Myrtle Beach, SC 29577. It offers in size, 1 beds and 1 baths. North Myrtle Beach, SC 29582. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. 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. Minimum down payment of 15%. 5 baths. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. . Poster. There are some condos that are money machines, and will constantly be sending you checks month after month, and at the same time, we can assure you there are others that are alligators and will eat you alive. com (800) 697-4371. Popular attractions Grand Theatre and Magnolia Lake are located nearby. However, securing financing for such a unique property can be a complex process. The most recent sale had a number of twists and turns. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. High LTV and Interest-Only Options. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. 161 Seawatch Drive, Myrtle Beach, SC. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Provided Horry County. 4785 -Personal Banking. 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,. Condo in Myrtle Beach. Get started with a free quote today. * Extra Luxurious 1 - 7 Bedroom Condos & Homes. Teressa Carter: Cell 843-455-4787. 3910 Highway 17 South. 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. 455. 32 days on Zillow. The dog-friendly winter rentals are available at reduced off-season rates. 1 Beds. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. Bay View Resort - Myrtle Beach Condos for Sale. 5 miles from Condotels Golf Colony Resort. 1605 S Ocean Blvd, Myrtle Beach, SC. If you are interested in a condotel purchase loan or a condotel refinance mortgage loan please contact us at Non-QM Mortgage Brokers at 800-900-8569 or text us for a faster response. I know most of them are those condoels which apparently is an old term, but looking for insight. The good news is that finding an affordable and desirable property to rent in Myrtle Beach, SC -- whether it’s. (843) 315-2535. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. . This ground level 2-bedroom condo is located. OK Myrtle Beach Hard Money Lender, BBB A+ Rated, Excellent Rehab Program for Fix-to-Flip Projects. Condotels. A condohotel, or a condo hotel as it is also called, is a unique type of residential and rental property. 3 baths. Camelot By The Sea - Myrtle Beach Condos for Sale. A setup fee, or onboarding fee, is the first fee you might run into. Wells Fargo Bank. 201 N 74th Ave. A condotel is just what it sounds like—a cross between a condominium and a hotel. Receive the Beach Pro Team’s current list of local. Brittany Baker Poster Pro. Good value. . The Preserve At Clam Farm: Folly Beach, SC. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. 2ba. 2 Baths. Your email address will not be published. S. Property owners can generate higher returns than traditional mortgages and access more flexible loan terms. 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. The list is categorized by the types of loans each. North Myrtle Beach, SC 29582. . 4785 -. These could. A grassroots organization made up of legacy property owners in Atlantic Beach are suing town leaders and a developer with plans to build a $100 million high rise hotel along prized beachfront land. Condotel-Loans Condotel Loan. Check your spelling. 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. Breath taking views from unit 708, a direct oceanfront 2 bedroom 2 bath lockout condo in the highly desirable Bay View Resort. Investment Property - Myrtle Beach, SC Home for Sale. Myrtle Beach, SC 29579. 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…. 2nd Bedroom: 2 double beds, attached bath. Unit 704, Garden City Beach — One Ocean Place $408,500. Master bedroom has 2 closets. Sheraton Myrtle Beach Convention Center Hotel. The Grand Strand is known for its famous golf courses and country clubs. Condotel Mortgage Rates; Florida Condotel. Adam Benson The Sun News. Financing Condos in Myrtle Beach Can Be Tricky. Condotel properties must have a full. Condotel financing cannot be financed through conventional loans. 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. Beautiful, two bedroom two bathroom, direct oceanfront condo near the end of the building on the south side of The Jasmine tower in North Beach Resort. Investment property loans Commercial & Residential Condo Hotel Loans. Take a lesson or enjoy a tournament. com (800) 697-4371 facebook And we can tell you for a fact, yes you can! Buying a condo in Myrtle Beach can be a good investment in 2023. (843) 796-1358. Located on a very quiet street. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. APPLY NOW. is a licensed lender. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. Many national, big named banks will not finance a condotel. . Months. Anderson Ocean Club. Sand Dunes Resort Condos For Sale. Condotel Mortgage / Condo-Tel Financing / Condops. When people book a short-term rental, they typically. For one, a condo mortgage usually requires extra steps and additional paperwork. Units require at least a true 1 bedroom. Or email us at gcho@gustancho. Department of Housing and Urban Development | 451 7th Street S. 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. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. $159,900. 2. Refer to and input NMLS #237341 to see where American Financial Network, Inc. $350,000. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Unit 420, Myrtle Beach — Coral Beach $155,000. 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. The major difference between a condo and a condotel is that short term, nightly rentals are available in the latter. Financing/Investment. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. Please call us at (786) 220-1100 or email info@lendingbankers. . 386 sqft. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. 1105 S Ocean Blvd. 7/03/2020 - Zillow. Most of the Myrtle Beach oceanfront high rises are condotels. . 2300 N Ocean Blvd. Visit 444loan. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. Those. Archives Personal Finance. 161 Posts 128 Votes. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. RE/MAX SOUTHERN SHORES NMB. Jumbo Mortgages/Adjustable Rate Loans. Easy to finance. info@afbcarolinas.