Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. . Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. 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. Golf colony resort 5p. CONDO FINANCING. net. (843) 272-8400. #K-3. 5 million. Provided Horry County. 08260, Wildwood Crest, Cape May County, NJ. Lauderdale, FL, etc. Non-Warrantable Condos. Bars. Receive the Beach Pro Team’s current list of local condo and. 386 sqft. Required fields are marked *Stay at this hotel in Surfside Beach. You can apply online or contact a mortgage specialist for more information. 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. condo with a list price of $179000. For your protection, do not email your Account Number (s) or Social Security Number. $590,000. 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. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. 4785 - Home; Search MLS. ) Purchase, R&T and C/O Refinance; Full Documentation Only; 680 FICO Minimum; Fixed 30 & 15; ARM: 3/1, 5/1, 7/1; 80% LTV to $625K max. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. 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. * Premiere Fitness Center. North Myrtle Beach, SC 29582. Call ☎ (800) 697-4371. 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. User Stats. View 28 photos of this 1 bed, 1 bath, 581 sqft. After all annual fees are paid ie. Condo Financing and Condotel Mortgages. 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. Fully equipped kitchen - Appliances, utensils, and more provided! Private oceanfront balcony off the living room. 4785 -. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. $239,900. If you’re submitting a credit card application electronically via this inquiry form, please leave that field blank and a CCNB representative will contact you once they’re in receipt. 2 Bed. Those. 2ba. (843) 492-4030. Owner Financing Available - Myrtle Beach, SC Home for Sale. FOR SALE BY OWNER 0. Written by Jerry Pinkas on June 8, 2018. Call ☎ (800) 697-4371 info@afbcarolinas. Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage. View property. His knowledge and expertise is second to none. 3 baths. 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. Condotel Loans. 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. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Condo Financing and Condotel Mortgages. Bluewater Resort - Myrtle Beach Condos for Sale. A condominium hotel, sometimes called a condotel, is a condominium but operated and managed like a hotel. The list is categorized by the types of loans each lender can provide and includes the lender's name, phone number, email and website. This condo comes fully furnished and offers fantastic upgrades throughout. 1210 Absolute Beach. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. There are 630 real estate listings found in North Myrtle Beach, SC. 7100 N Ocean Blvd #1126, 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. Stay in touch with us at 843-999-0575 or email. MORTGAGE CALCULATOR. $189,000 and up - Condo Hotel. Or email us at gcho@gustancho. 1990 N Waccamaw Dr. Does Condotels at SurfMaster have an airport shuttle?According to a study that evaluated condo-hotels in the Florida state and projected returns over a five-year period from 2006 to 2011 the return rate is usually 1%. - Homes for sale presented by the Beach Pro Team: 843. Discussion of potential solutions. There is a lot of bad advice on the internet about condotels. Investment property loans Commercial & Residential Condo Hotel Loans. 3 baths. Archives Personal Finance. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. - Homes for sale presented by the Beach Pro Team: 843. High LTV and Interest-Only Options. Do You Own Your Home? 2. 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. A condotel is just what it sounds like—a cross between a condominium and a hotel. Check your spelling. A condotel is just what it sounds like—a cross between a condominium and a hotel. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Categories > Condo Hotels for Sale in Waikiki. 3bd. (843) 444-LOAN (5626) Home. 107 Toby Ct. 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. . Owners use short-term rentals to generate income, listing them on platforms. 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. $242,900. . No Need For Traditional Condotel Financing Hassles! Direct Oceanfront. 19 Properties in Myrtle Beach from $119,000. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 33. Just as importantly, you should know that loans for condos usually come with slightly higher interest rates. Read More. The Caravelle Resort: 6900 N. 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. Website. Bridge Dale • 2 years ago. Financing Your New Home in Myrtle Beach. $350,000. U. View our Myrtle Beach real estate area information to learn about the weather, local school districts, demographic data, and general information about Myrtle Beach, SC. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. Condo for Sale in Myrtle Beach, SC: Beautifully decorated furnished 3 bedroom 2 bath 1st floor end unit with screen porch overlooking the pond & fountain. 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. Pick the perfect place where watching the ocean from your balcony completely soothes your soul and encourages you to sit for hours and meditate. The units are individually owned. And we can tell you for a fact, yes you can! Buying a condo in Myrtle Beach can be a good investment in 2023. Sellers are permitted to pay up to 6% of closing costs. facebook; linkedin;. Financing for Condos. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact . 75 (198) Superhost. Units require at least a true 1 bedroom. . Richmond CONDOTEL Financing. Financing Condos in Myrtle Beach Can Be Tricky. Discover genuine guest reviews for Condotels at Coldstream Cove along with the latest prices and availability – book now. Currently, the condotel purchase market in South Beach, Panama. S. Coveted. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. 974% for a 5-year adjustable-rate mortgage (ARM). CCNB offers special rates and terms for condotels in the Myrtle Beach area. Portfolio Financing for Condos and Condotels. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. info@afbcarolinas. 3 beds. It sounds like Vegas. 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. Located on the 10th floor in the Palmetto building, this. Visit 444loan. . CONDO FINANCING. 12230 World Trade Drive Suite 250 San Diego, CA 92128. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. Demise Of Condotel Financing After Real Estate Meltdown. Powered By Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. Financing/Investment. North Myrtle Beach, SC 29582 (843) 444-LOAN (5626) wp@444loan. Financing/Investment. This 3 bedroom, 2 bathroom condo at The Palms in Myrtle Beach has en. - Homes for sale presented by the Beach Pro Team: 843. Master bedroom has 2 closets. The residents of South Carolina pay an average of $579 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible. Building or project needs to be more than or equal to 50% for commercial – this will be determined by the appraiser. Poster. - Homes for sale presented by the Beach Pro Team: 843. The money you make from the rental can help you offset some of the costs and often create extra revenue. Breakers Resort - Myrtle Beach Condos for Sale. Newly Renovated. MLS# 2305975 / Sold. Type: ManufacturedHome, Year Built: 2021. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. 2013 New Condotel Financing According to Zillow, the median home value in Myrtle Beach is $167,958 and home values have gone up 2. Dec. Many national, big named banks will not finance a condotel. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. facebook; linkedin;. No Exp. Welcome to your own private oasis with stunning ocean views! This one bedroom, one bathroom, condo in the Grande Cayman Resort offers the perfect blend of of comfort, style, and convenience. The house always wins. This unit features a full kitchen equipped with a full size fridge, rang. St. North Myrtle Beach, SC 29582. 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). 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. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. 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). Depart. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. Condotels have hotel-like amenities and services – unlike the conventional condominiums. Enjoy all the. Hopefully, now you understand why your regime fees will easily be $400 to $1500 a month (depending on what condo development) you own. Condo For Sale In Myrtle Beach, South Carolina. NMLS #5645 ǀ AZ Lender #BK-0906866 #MLB5645 On Q Financial, Inc. Popular attractions Grand Theatre and Magnolia Lake are located nearby. 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. Condo Financing and Condotel Mortgages. Breakers Resort - Myrtle Beach Condos for Sale. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. 504 North Ocean Blvd #310, Myrtle Beach, SC 29577. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. 1207 S Ocean Blvd. Call ☎ (800) 697-4371. Department of Housing and Urban Development | 451 7th Street S. 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. New Changes To Condo Lending as of Dec 7th, 2020. Print . 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,. 201 N 74th Ave. Myrtle Beach Oceanfront Condotel STR Case Study. 30-year fixed. R. When this occurs, we can offer. . Patricia Grand Resort Hotel. 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. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. RE/MAX SOUTHERN SHORES NMB. Barefoot Commons Branch. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment goals. Myrtle Beach, SC 29572Apache CampgroundResidential. View Hotel. 37 ACRES. 2. This unit features a full kitchen equipped with a full size fridge, rang. 5 million. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. Financing/Investment. 3910 Highway 17 South. 5 million dollar two bedroom, two bathroom oceanfront condotel unit in Hawaii. . 904 62nd Ave. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. In addition to the requirements above, any project with one or more of the following characteristics is ineligible. Condotel Mortgage Rates; Florida Condotel. Condo For Sale In Myrtle Beach, South Carolina. Condotel Financing and Non-Warrantable Condo Loans are Portfolio Mortgages are available with us at Florida Commercial Real Estate Loan Group. Investment Property - Myrtle Beach, SC Home for Sale. Condo Financing and Condotel Mortgages. Fast Closing and Flexible Underwriting. Myrtle Beach, SC has numerous condotel units that are incredible and can be incredibly lucrative for you, but you have to know where to find them and what to look for. - Homes for sale presented by the Beach Pro Team: 843. 455. Maximum 75% LTV. Long-Term Fixed or ARM Rates. Long-Term Fixed or ARM Rates. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. (843) 444-LOAN (5626) wp@444loan. - Homes for sale presented by the Beach Pro Team: 843. 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. Trump International Hotel and Tower. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. . Myrtle Beach, SC 29579; Office: 800. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. Although. 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. 8 Listings from $174,900. We have the experience and knowledge to help you find the right condo insurance policy for your needs and budget. Special offer. Bay View Resort. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. 2 Beds. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. Try more general words. Is this Your. . 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. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. * Previously under contract and buyer could not qualify so BACK ON THE MARKET. Dec. The condo can even be 5 miles from the “check-in desk”. (843) 796-1358. View Tripadvisor's 53,350 unbiased reviews and great deals on house rentals in North Myrtle Beach, SCCoral Beach is a condominium community located in Myrtle Beach that offers a wide range of amenities to fit any lifestyle. 1601934 MLS. . No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. Myrtle Beach Condos with an Angle Oceanfront View. 60%. com (800) 697-4371. Apply. 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. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. LOCATION. Borrowers need a minimum credit score of 599 to qualify. Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort. LOCATION. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. 3 bds. #7 of 8 condos in Garden City Beach. Myrtle Beach, SC 29579; Office: 800. Thanks in advance. 3 bds; 2 ba; 1,501 sqft - For sale by owner. Borrowers must have owned any property type in the past 24. (843) 796-1358. 1 Beds. Condotel Financing Guidelines. 32 days on Zillow. Mortgage rates for condos and other types of properties have been volatile in recent years. (843) 315-2535. [email protected] a larger selection of condo types - we lend on a wide variety of condo developments, including new construction and conversion projects. Beach Park Resort - Myrtle Beach Condos for Sale. Condotel: A condominium project that is operated as a hotel with a registration desk, cleaning service and more. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. Florida for $50,000 close by the beach. Locally, we have a handful of local lenders, with very. Quiet cul de sac location. com. 991 38th ave n, myrtle beach, sc, 29577. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. Owner Financing This property will be on the market for a limited time This gorgeous 4-bedroom, 3 bath home is located in Francis Marions. However, securing financing for such a unique property can be a complex process. 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. Qualification based on Property Income, Not Your Income. Investor. The condo can even be 5 miles from the “check-in desk”. Add in the area’s relatively low cost of living, and it’s not surprising to see. MORTGAGE CALCULATOR. Breath taking views from unit 708, a direct oceanfront 2 bedroom 2 bath lockout condo in the highly desirable Bay View Resort. Condotels are condominium projects, which are individually owned and operated as a hotel. Condotels International Inc. 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. 1 Baths. It was completed in 2000. 2013 New Condotel Financing; Loan Process. (843) 800-8484. Call Us: (843) 839-2430. Book Bay Watch Resort & Conference Center, North Myrtle Beach on Tripadvisor: See 2,665 traveler reviews, 1,320 candid photos, and great deals for Bay Watch Resort & Conference Center, ranked #12 of 55 hotels in North Myrtle Beach and rated 4. 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. 1890 Auburn Ln, Myrtle Beach, SC 29575. And that. The Preserve at the Clam Farm's 62 luxury three- and four-bedroom townhouse condominiums, an ERA Tides Realty… read moreFrom the tiny, tight-knit town of Loris to the bustling boardwalk of The Beach, the 14 unique communities of Myrtle Beach offer their own attractions, atmosphere, perks, and properties, all with access to the sandy shores of the Atlantic and mild year-round temperatures. 1 Baths. To be in. About the Condotels Golf Colony. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. 106 Birch N Coppice Dr. Doug Shaw Memorial Stadium. You can also use this residence for ready and steady rental income. Seaside Realty Company Broker In Charge, E-Pro Certified. 9700 Kings Rd. Source: acmg. Refer to and input NMLS #237341 to see where American Financial Network, Inc. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. Had some noise complaints the first night but they where delt with. It offers short-term rentals for occupants, and it also maintains a front desk. Qualification based on Property Income, Not Your Income. Myrtle Beach II 8216 Devon Ct Suite 102 Myrtle Beach, SC 29572 ; NE Ohio 1991 Crocker Road, Suite #204 West Lake, OH 44145 ; 888-653-5052; NY MTG Expert. Try adding more details such as location. 7, 2023. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. Condotels. Camelot By The Sea - Myrtle Beach Condos for Sale. If you’re submitting a credit card application electronically via this inquiry form, please leave that field blank and a CCNB representative will contact you once they’re in receipt. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. 1105 S Ocean Blvd. The list is categorized by the types of loans each. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. Easily calculate a Myrtle Beach mortgage for all types of home loans including; first mortgages, second home loans, condotel financing in myrtle beach, investment. A 10% downpayment is required and there are no prepayment penalties. Forums > South Carolina > Myrtle Beach - Conway area: Condotel purchase on the beach - Myrtle Beach User Name: Remember Me: Password. 1 bedrooms. ABC Mortgage Company is located in Myrtle Beach, serving Horry County, Georgetown County along with the rest of the state of South Carolina. Guthrie "Always Mobile" (843) 446-3444. Specific property information is deemed reliable but is not guaranteed. So I was wondering what the reasoning was behind such a high interest rate on condos? 10% is super high. 4817 Magnolia Lake Dr APT 301, Myrtle Beach, SC 29577. Unit 1008, North Myrtle Beach — Prince Resort $355,000. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. 455. No appointments necessary. 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. Welcome to 2500 N Ocean Blvd, this gorgeous oceanfront condo has endless views of the Atlantic Ocean. By Adam Benson. M - F 8am -5pm. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment. You can also use this residence for ready and steady rental income. Ocean Blvd. Our local team of experienced financial advisors will work with you to develop a customized financial plan tailored to help you. 1,654 sq ft. S Unit 816, Myrtle Beach — Coral Beach $170,000. 5905 S Kings Hwy Unit A418, Myrtle Beach, SC 29575 is for sale. com (843) 446-4663. 955 Condos For Sale in Myrtle Beach, SC. 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. $379,800. Your email address will not be published. Myrtle Beach in Crystal Lake - View all 2 photos. - Condo for sale. 3 Beds. TRV69318---.