Amenities Photos Map View Reviews FAQs. Condotel at 10% APR?? Mike Dawson. 00. NMLS #5645 These programs are available to only qualified borrow1105 S Ocean Blvd. This oceanfront resort is located at 1105 S Ocean Blvd, Myrtle Beach, SC 29577. A condotel is a. (843) 492-4030. 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. Condotels are typically high-rise buildings which are developed and operated as a luxury hotel and are usually found in major resorts and cities. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. 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. . Unit owners also have the option to place their. 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. Breakers Resort - Myrtle Beach Condos for Sale. 1207 S Ocean Blvd. 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. (843) 213-1720 (843) 213-17274066-A Taranto Loop UNIT 5101-A Myrtle Beach in Bella Vita Garden Homes - View all 39 photos. 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. CENTURY 21 THE HARRELSON GROUP. Investment property loans Commercial & Residential Condo Hotel Loans. We also offer. 2. . (843) 492-4030. Investment property loans Commercial & Residential Condo Hotel Loans. Richmond CONDOTEL Financing. » Hotels in Myrtle Beach. Easy to finance. . This article was provided by Oren Orkin of Capital Funding Mortgage Company, LLC, a residential and commercial lender that can provide financing for condo hotel units. Condo For Sale $159,900. Some Myrtle Beach real estate agencies can only show certain areas, but we are not restricted. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. Borrowers can also email me at gcho@gustancho. Please call us at (786) 220-1100 or email info@lendingbankers. We also offer our Condo/Condotel Lender List and Closed Sales Histories. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. Financing/Investment. When this occurs, we can offer. Condotel unit buyers and commercial real estate investors who have any questions on Condotel Financing and/or commercial loans, please contact us at 800-900-8569 or text us for a faster response. 1 bath. 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. For your protection, do not email your Account Number (s) or Social Security Number. Posted Dec 5 2022, 13:44. Developers Reconsider the ‘Condotel’. Call ☎ (800) 697-4371. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. . Teressa Carter: Cell 843-455-4787. Borrowers need a minimum credit score of 599 to qualify. A condotel allows you to be an owner without the stress of maintenance. 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. 4712 Cobblestone Dr. 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. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. 2207 S Ocean Blvd #809, Myrtle Beach, SC 29577. 4785 -. Long-Term Fixed or ARM Rates. 4 bds. Non-Warrantable Condos. is. . R. Breath taking views from unit 708, a direct oceanfront 2 bedroom 2 bath lockout condo in the highly desirable Bay View Resort. 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. Whether you're a first-time homebuyer or an experienced investor, our expert team is here to guide you through the mortgage process. North Myrtle Beach Branch. Coral Beach. 161 Posts 128 Votes. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. Condotel Financing Guidelines. If you're looking for monthly condo rentals in Myrtle Beach, SC, book today with Condo-World! Arrive. Indianapolis, IN. Subject property needs to be 100% residential (or livable) The units need. 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. Individual owners have units, but they have. * 5 Star Steak House Restaurant on-site. - Homes for sale presented by the Beach Pro Team: 843. Welcome. OK Myrtle Beach Hard Money Lender, BBB A+ Rated, Excellent Rehab Program for Fix-to-Flip Projects. . It sounds like Vegas. . . See BBB rating, reviews, complaints, contact information, & more. 1,501 sqft. Financing/Investment. 29577, Myrtle Beach, Horry County, SC. Morant’s proposed condotel, named “The Black Pearl of the Atlantic,” would be located near 30th Avenue South and South Ocean Boulevard, and feature 168 hotel rooms, 36 short-term rental. The major difference between a condo and a condotel is that short term, nightly rentals are available in the latter. In this article, we will explore the key. 1,654 sq ft. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. Nice residents and friendly staff. Department of Housing and Urban Development | 451 7th Street S. 08260, Wildwood Crest, Cape May County, NJ. CONDO FINANCING. is a licensed lender. Type: ManufacturedHome, Year Built: 2021. A condominium hotel, sometimes called a condotel, is a condominium but operated and managed like a hotel. $499,000. $590,000. 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. You can apply online or contact a mortgage specialist for more information. Dec. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. Welcome to your dream home at Apache Campground! This beautiful, new home is situated on a corner lot and offers plenty of space. Get in touch with a Myrtle Beach real estate agent who can help you find the home of your dreams in Myrtle Beach. com. . Questions: 803-998-1000. 455. com (800) 697-4371. Adam Benson The Sun News. 843. You can also use this residence for ready and steady rental income. It offers short-term rentals for occupants, and it also maintains a front desk. Here to help. An up to date guide to the Myrtle Beach real estate market including foreclosures and short sales. Condos and Homes for Sale in Myrtle Beach. 455. 1601934 MLS. 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. MORTGAGE CALCULATOR. Inquiries. Grand Strand Coastal Realty. These could have serious impacts on getting loans in South Carolina, especially in coastal beach towns like Myrtle Beach where highrise oceanfront condos are so integral to their economy. Qualification based on Property Income, Not Your Income. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 4785 -The average rent price in Myrtle Beach, SC, is $1,315. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. The largest property for sale is 3,174 sqft and smallest 307 sqft. . Refer to and input NMLS #237341 to see where American Financial Network, Inc. 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. 503. 813 2nd Ave N, North Myrtle Beach, SC 29582. Roy Dunn – Coastal Financing Guru. 5/5. 455. 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. Condotel properties must have a full. It offers in size, 1 beds and 1 baths. Owners use short-term rentals to generate income, listing them on platforms. . Myrtle Mike Thompson. net. 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. Sometimes one size doesn’t always fit all. 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. 3 br, 2 ba, 1930 Tot. LOAN. Lauderdale, FL, etc. Condotels International Inc. These rentals, including the outside marketing of them, are handled directly by the management company. This two bed, two bath second floor end unit features an open floor plan and is being sold fully furnished. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. The units are individually owned. U. Brighton Tower Overview. Many national, big named banks will not finance a condotel. Those. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. Fast Closing and Flexible Underwriting. North Myrtle Beach, SC 29582. This ground level 2-bedroom condo is located. 201 N 74th Ave. This ground level 2-bedroom condo is located. The most recent sale had a number of twists and turns. 1 Bed. 1,501 sqft. Posted in 2021, Myrtle Beach Real Estate, Myrtle Beach Rental Property. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. Enjoy the. Sand Dunes Resort Condos For Sale. Financing/Investment. We also offer. Free parking. Camelot By The Sea - Myrtle Beach Condos for Sale. 3bd. Our business is dedicated to providing those in beautiful Myrtle Beach with personalized, outstanding property management services. 1 Baths. 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. 7. New Changes To Condo Lending as of Dec 7th, 2020. Condotels at SurfMaster is 9. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. 00 or as much as $3,360. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. Get started with a free quote today. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. When this happens, I am able to obtain a regular,. 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%. com (800) 697-4371. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. MORTGAGE CALCULATOR. Loan Amounts to $417,000. View Hotel. - Homes for sale presented by the Beach Pro Team: 843. Fully equipped kitchen - Appliances, utensils, and more provided! Private oceanfront balcony off the living room. 1 Baths. 3 Baths. ft. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. Nov 23, 2023 - View the Best vacation rentals with Prices in North Myrtle Beach. Bay View Resort. 475 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. You can also use this residence for ready and steady rental income. A condo insurance policy protects what your homeowners association (HOA) doesn’t. 00. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 504 N Ocean Blvd Unit 708A&B, Myrtle Beach, SC 29577. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. LendSure Mortgage Corp. Condo For Sale In Myrtle Beach, South Carolina. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. Owner Financing Available - Myrtle Beach, SC Home for Sale. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». View Details. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. com®. Office: 800-872-4488. Our. Call ☎ (800) 697-4371. The CondoLux staff is very helpful on the phone and at the office. (843) 315-2535. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. Let’s assume that the cost to purchase a condo is $250,000, in order to break even the hotel would need to charge $250 per night for your condo and rent out at least 60% of the time. We also offer our Condo/Condotel Lender List and Closed Sales Histories. 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. Receive the Beach Pro Team’s current list of local. TRV69857---. The financing assumes a 20% down payment and 20-year term. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. (843) 796-1358. * Conveniently Located near Myrtle Beach & North Myrtle Beach courses & attractions. Financing CONDOSin Myrtle Beach. 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. Learn what factors lenders consider in underwriting a loan on a condo hotel unit. 455. 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!!. Get in touch with a North Myrtle Beach real estate agent who can help you find the home of your. 1 Baths. 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. Your email address will not be published. However, securing financing for such a unique property can be a complex process. North Myrtle Beach, SC 29582. Pet Friendly. Enjoy all the. If you would like more information on condos or condotels in the Myrtle Beach, SC area, reach out to me. UNIT #1101 North Myrtle Beach in North Shore Villa - View all 40 photos. 1905567 MLS. The dog-friendly winter rentals are available at reduced off-season rates. Real Estate Brad Emond July 8, 2020 Brad Emond Real Estate at Keller Williams Realty condotels , condotel , condo , condos ,. The dog-friendly winter rentals are available at reduced off-season rates. 2500 N Ocean Blvd. 5 days on Zillow. 2 Beds. Miami CONDOTEL Financing. Free Wifi. Myrtle Beach Condos with an Angle Oceanfront View. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. Welcome to 2500 N Ocean Blvd, this gorgeous oceanfront condo has endless views of the Atlantic Ocean. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Unfortunately, your hometown lender is not going to have such a program but the lenders on. Condo in Myrtle Beach. Indeed, when looking to rent in Myrtle Beach, SC, you can expect to pay as little as $570. 2 Beds. 9670 Shore Dr. Loan Process. 2 Baths. NEW - 4 HRS AGO FOR SALE BY OWNER. $242,900. com. Common questions are answered to help inform you about the way our ocean front condo market operates. 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. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. There are 1,691 properties for sale in the city of Myrtle Beach . Stay in touch with us at 843-999-0575 or email. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. However, securing financing for such a unique property can be a complex process. Any recommendations for lenders who offer 20% down on condotels. 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. Owners used as 2nd home. 5/5. The list is categorized by the types of loans each. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. 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. Try more general words. 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. . Pre-Sale Studio and 1 Bedroom Orlando Condo Hotel. For one, a condo mortgage usually requires extra steps and additional paperwork. - Homes for sale presented by the Beach Pro Team: 843. Anderson Ocean Club. Find the best offers for your search owner financing myrtle beach. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Website. The Preserve At Clam Farm: Folly Beach, SC. 1,654 sq ft. We offer 30- and 40-year fixed-rate mortgages, as well as 5/6 and 7/6 adjustable-rate mortgages (ARMs). 2013 New Condotel Financing; Loan Process. Condotel Financing Guidelines. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. Beach Pro Team, Gene Carter REALTOR. 4856 Magnolia North Carnation Circle, Unit: 304, Myrtle Beach, SC 29577. 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. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. Financing. Apply Now and Get a Quote Today! Get more details. Thanks in advance. THE EPITOME OF A LUXURY GOLF VACATION. S Unit 816, Myrtle Beach — Coral Beach $170,000. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. 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. 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. NMLS #5645 ǀ AZ Lender #BK-0906866 #MLB5645 On Q Financial, Inc. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Compare different loan programs, rates, and down payments for your new. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. With a private balcony, these level 3 condominiums are angle oceanfront units. com. Current condo mortgage rates. Leave a Comment. 00, with the average rent median estimated to be $1,250. 3 baths. Owner Financing - Myrtle Beach, SC Home for Sale. In this article, we will explore the key. 129 Cold Stream Cove Loop, Garden City Beach, SC 29576-9146. Learn more about local market trends & nearby amenities at realtor. info. Welcome. , Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455Myrtle Beach. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. I know most of them are those condoels which apparently is an old term, but looking for insight. It offers in size, 1 beds and 1 baths. The money you make from the rental can help you offset some of the costs and often create extra revenue. Help getting approved for a mortgage loan for a condo in Myrtle Beach SC (Also applies to all condos in SC). A condotel combines short-term living units like a hotel and ownership units like a condo. - Homes for sale presented by the Beach Pro Team: 843. Coral Beach Features and Amenities. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. . Do You Own Your Home? 2. $350,000. North Myrtle Beach, SC 29582. Another Myrtle Beach hotel with towering views of the Atlantic Ocean is for sale. Our Mortgage Experts. 955 Condos For Sale in Myrtle Beach, SC. View property. 2 bedrooms. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. LINENS & DEPARTURE MAID SERVICE INCLUDED IN RATES! Winter Rentals in North Myrtle Beach are from October to March. N Unit H, Myrtle Beach, SC 29572. Financing/Investment. Thu, 26 Oct 9:00 AM to 4:00 PM. com. North Myrtle Beach, SC 29582. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. I've touched base with a lender who offers 25% and another lender who has 30% down. There is no maximum loan size on Condotel Financing Mortgage Loans. Call ☎ (800) 697-4371. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. I am looking at Myrtle Beach for my first property. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. 1 bed. 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. 2 bds; 2 ba; 1,158 sqft - Condo for sale. Just as importantly, you should know that loans for condos usually come with slightly higher interest rates. Condotels are condominium projects, which are individually owned and operated as a hotel. 18, 2009. info@afbcarolinas. Condo For Sale $239,900. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). * Infinity Pool &. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. 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. I. 5/5. Financing Condos in Myrtle Beach Can Be Tricky.