Beach Cove Resort North Myrtle Beach. 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. 387 sq ft. In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. 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. 4785 -The average rent price in Myrtle Beach, SC, is $1,315. You’ve contracted to purchase and now all you have to do is go back to. You can apply online or contact a mortgage specialist for more information. 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. Are You or Your Spouse 62 Years of Age or Older? 3. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. . This one-time fee typically varies anywhere from $250-$500 per unit and it covers the cost of setting up your account with a property management company. $379,800. Many national, big named banks will not finance a condotel. [email protected] a larger selection of condo types - we lend on a wide variety of condo developments, including new construction and conversion projects. 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. Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage. Myrtle Beach, SC 29579; Office: 800. 4785 -1512 Taurus Ln. Roy Dunn – Coastal Financing Guru. 1 bd; 1 ba; 537 sqft - Condo for sale. 1% over the past year and Zillow predicts they will fall -2. Explore the Coral Beach condos for sale in Myrtle Beach SC. A condotel is a combination of a condominium and a hotel and is a unique type of property ownership. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). com (800) 697-4371. Condotel loans are available for up to $1. Guthrie "Always Mobile" (843) 446-3444. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. Miami CONDOTEL Financing. Indeed, when looking to rent in Myrtle Beach, SC, you can expect to pay as little as $570. You can also use this residence for ready and steady rental income. Source: acmg. The main point to consider when buying an oceanfront condo is the location. - Homes for sale presented by the Beach Pro Team: 843. Pre-Sale Studio and 1 Bedroom Orlando Condo Hotel. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. Give us a call 843-839-9870. Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort. 106 Birch N Coppice Dr. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. LINENS & DEPARTURE MAID SERVICE INCLUDED IN RATES! Winter Rentals in North Myrtle Beach are from October to March. Condotel Financing Guidelines. When autocomplete results are available use up and down arrows to review and enter to select. 1,169 Sq. Investment property loans Commercial & Residential Condo Hotel Loans. com®. Condo For Sale $235,000. . Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. Bridge Dale • 2 years ago. Refer to and input NMLS #237341 to see where American Financial Network, Inc. net. New Changes To Condo Lending as of Dec 7th, 2020. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. This ground level 2-bedroom condo is located in the popular Seagate Village. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. . Most posts I've seen on this topic are old. Qualification based on Property Income, Not Your Income. Website. 455. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. Nov 3, 2019 - Are looking to purchase a condo in Myrtle Beach, SC not knowing the difference is between a condotel and a condo and why it's important and really mattersIt is also just a short drive away from hundreds of restaurants, shops and other attractions. Long-Term Fixed or ARM Rates. 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. I've touched base with a lender who offers 25% and another lender who has 30% down. GREY AREA. Financing CONDOSin Myrtle Beach. CONDO RESOURCES. Contact Information. . 4066-C Taranto Loop UNIT 5203-C Myrtle Beach in Bella Vita Garden Homes - View all 22 photos. 1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. Sea Mist Eff/1BA oceanview condo. One Ocean Place is a highly sought after condominium complex in Garden City Beach. location of a barber shop, has sued a candidate running for council on Nov. Condo Financing and Condotel Mortgages. 13 Myrtle Beach Boardwalk Condos for Sale. Located on the 10th floor in the Palmetto building, this. 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 voted BEST RESORT ON. The HOA or the project’s legal documents require unit owners to share profits from the rental of units with the HOA, management company, or resort, or hotel rental company. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. 4525-D Girvan Dr. 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. 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,. Condotel financing cannot be financed through conventional loans. In this article, we will explore the key. Months. 18, 2009. More Details. - Homes for sale presented by the Beach Pro Team: 843. For your protection, do not email your Account Number (s) or Social Security Number. A 10% downpayment is required and there are no prepayment penalties. 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. com (800) 697-4371. Sometimes one size doesn’t always fit all. Regarding how you like to bank, we know one size doesn’t always fit all. 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. 29577, Myrtle Beach, Horry County, SC. . 1,654 sq ft. 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. His knowledge and expertise is second to none. North Beach Plantation. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Beach Cove Resort - Traveler rating: 4/5. Department of Housing and Urban Development | 451 7th Street S. Receive the Beach Pro Team’s current list of local condo and. We consider loan-to-value ratios of up to 65%. it's equipped with all. Trump International Hotel and Tower. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. - Homes for sale presented by the Beach Pro Team: 843. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. 455. $350,000. (843) 444-LOAN (5626) wp@444loan. 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. 2151 Bridgeview Ct. 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. S - Koa Campground in Myrtle Beach - 2 bd 2 ba 0 ½ ba. Print . 00. 60%. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. (843) 796-1358. Unit 704, Garden City Beach — One Ocean Place $408,500. 1 bedrooms. com. #D. Barefoot Rental Management 4999 Carolina Forest Blvd, Suite 12, Myrtle Beach, SC 29579. 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. 1 bathrooms. I know most of them are those condoels which apparently is an old term, but looking for insight. $189,000 and up - Condo Hotel. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Condotel Financing Myrtle Beach, etc. The average sq ft home size of South Carolina Beachfront Condos & Villas For Sale Myrtle Beach SC is 956 square feet. Financing Condos in Myrtle Beach Can Be Tricky. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. com. Or email us at gcho@gustancho. Financing for Condos. Regarding how you like to bank, we know one size doesn’t always fit all. Great location!!!! just minutes from the beach, broadway at the beach, tons of dining options and golf courses. FOR SALE BY OWNER 0. Brighton Tower Overview. . 4785 - Posted 3 years ago. $387,000. 30-year fixed. Stay in touch with us at 843-999-0575 or email. 455. Sand Dunes Resort Condos For Sale. Unit 50905, Myrtle Beach — Sea Mist $47,000. On a case by case scenario, even if the rental income is claimed on the schedule E, the property can be classified as a second home. 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. View property. St. Unit owners also have the option to place their. 613-610 5th Ave. 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. To view info on hundreds more resorts, go to our. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. 2300 N Ocean Blvd. 4. Bluewater Resort - Myrtle Beach Condos for Sale. Fast Closing and Flexible Underwriting. For one, a condo mortgage usually requires extra steps and additional paperwork. Borrowers can also email me at gcho@gustancho. Thanks in advance. 3 Beds. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. $242,900. Condo For Sale In Myrtle Beach, South Carolina. Developers Reconsider the ‘Condotel’. At MortgageDepot, we have access to a program designed especially for our clients who want to own a piece of paradise. Okay. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. Sheraton Myrtle Beach Convention Center Hotel. Get in touch with a Myrtle Beach real estate agent who can help you find the home of your dreams in Myrtle Beach. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. Condotels at SurfMaster is 9. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. The financing assumes a 20% down payment and 20-year term. (843) 628-3604. 6. Posted Dec 5 2022, 13:44. Borrowers can also email me at gcho@gustancho. 991 38th ave n, myrtle beach, sc, 29577. com (800) 697-4371. (843) 800-8484. 00 or as much as $3,360. Those. 2nd Bedroom: 2 double beds, attached bath. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. Stay at this business-friendly hotel in Murrells Inlet. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. 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. Credit Scores down. info. The Atlantic Beach Town Council will soon take a final vote to rezone land for the $80 million project. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. TRV69857---. Thanks so. By Adam Benson. . Bluewater Resort - Myrtle Beach Condos for Sale. 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. 2300 N Ocean Blvd. First Last. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. Refer to and input NMLS #237341 to see where American Financial Network, Inc. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. 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. Best Western Ocean Sands Beach Resort - Traveler rating: 4/5. Coral Beach Bldg. 2 Bed. Myrtle Beach. 4785 -Posted 3 years ago. Loan Application. This condo comes fully furnished and offers fantastic upgrades throughout. 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. Condotels International Inc. 813 2nd Ave N. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. In November 2023, the average monthly cash on cash return in Myrtle Beach is 3. Toll Free: 1-888-667-1772. 32 days on Zillow. …. $350,000. In Myrtle Beach, the lifestyle is relaxed and friendly and full of things to do – making it a wonderful place to vacation or to live. About the Condotels Golf Colony. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. 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. 1990 N Waccamaw Dr. Enjoy an in-room DVD player, a TV, and cable/satellite TV. View property. Current condo mortgage rates. A condotel allows you to be an owner without the stress of maintenance. Owners used as 2nd home. TRV66338---. Investment property loans Commercial & Residential Condo Hotel Loans. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. . View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. Bedroom in Myrtle Beach SC. Many property owners also use their Myrtle Beach condotel for personal use. 0033, [email protected] Edge Dr. 2ba. 1 bath. 2207 S Ocean Blvd #809, Myrtle Beach, SC 29577. CONDO FINANCING. Real Estate Brad Emond July 8, 2020 Brad Emond Real Estate at Keller Williams Realty condotels , condotel , condo , condos ,. We also offer our Condo/Condotel Lender List and Closed Sales Histories. Call ☎ (800) 697-4371. 19 Properties in Myrtle Beach from $119,000. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. 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. - Homes for sale presented by the Beach Pro Team: 843. CENTURY 21 THE HARRELSON GROUP. 3 Baths. . Florida for $50,000 close by the beach. 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. But in general, the general consensus among condotel mortgage. Our Myrtle Beach real estate agents can help you find new construction homes, resale real estate, primary residence, second home, 55 plus retirement, Oceanfront, Intracoastal Waterway, Golf Course, bank owned homes, or commercial property. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. Call ☎ (800) 697-4371. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. . Welcome. 4800 S Ocean Blvd. 5 million. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. Financing/Investment. Search our selection of vacation condos and homes from Litchfield Beach to the south-end of Myrtle Beach. 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. TRV69318---. With an average of 320 days of Florida sunshine each year – and 27 miles of sugar-white sands bordering the clear, emerald green waters where the Gulf of Mexico and St. Fast Closing and Flexible Underwriting. Nice residents and friendly staff. This unit features a full kitchen equipped with a full size fridge, rang. I am looking at Myrtle Beach for my first property. Frequency of contact may vary and message and data rates may apply. 3500 N Ocean Blvd. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. Wells Fargo Bank. 1003 S Ocean Blvd. We offer a variety of mortgage options: Conventional Mortgages. 4785 -. facebook; linkedin;. 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. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. The condotel must have at least 500 square feet of living area. 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. 455. It offers in size, 1 beds and 1 baths. View property. ) 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. I know most of them are those condoels which apparently is an old term, but looking for insight. It offers short-term rentals for occupants, and it also maintains a front desk. * Only AAA 4 Diamond, 5 Star Resort in the area. * Previously under contract and buyer could not qualify so BACK ON THE MARKET. Condos and Homes for Sale in Myrtle Beach. Many property owners also use their Myrtle Beach condotel for personal use. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. Condotels. 596 sq ft. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Some Myrtle Beach real estate agencies can only show certain areas, but we are not restricted. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. The largest property for sale is 3,174 sqft and smallest 307 sqft. 1,045 Sq Ft. On a case by case scenario, even if the rental income is claimed on the schedule E, the property can be classified as a second home. 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. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. It was a nice room close to the pool with a good open floor plan. com®. Myrtle Beach SC. 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. Mortgages for Condos and Condotel financing in Myrtle Beach. 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,. However, I'd really like to keep it at the 20% mark. Source: acmg. Coral Beach Bldg. 2. Bridge Financing. Even if we can’t help ourselves, we may be able to point you in the right direction. 29450, Mount Pleasant, Charleston County, SC. About the. 455. The money you make from the rental can help you offset some of the costs and often create extra revenue. 1 Bed. Indoor Pools. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. . Owner Financing Available - Myrtle Beach, SC Home for Sale. NEW - 4 HRS AGO FOR SALE BY OWNER. This Spectacular One of Kind 4-bedroom villa has been completely updated (New Baths , Kitchen, Floors and Smooth ceiling) ) plenty of space with great views of the waterwa. This ground level 2-bedroom condo is located. Forums > South Carolina > Myrtle Beach - Conway area: Condotel purchase on the beach - Myrtle Beach User Name: Remember Me: Password. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Page 2Pamela D. 1890 Auburn Ln, Myrtle Beach, SC 29575. . 5905 South Kings Hwy Unit A418, Myrtle Beach, SC 29575. 455. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. 2 Baths. Put our experience to work for you - our in-house condo team checks the financial soundness of the condo project. North Myrtle Beach, SC 29582. 2 bedroom, Wildwood Crest NJ 08260. 2 Beds. A condotel allows you to be an owner without the stress of maintenance. Compare different loan programs, rates, and down payments for your new. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. 4 bds. Island Vista Oceanfront Resort - Traveler rating: 4. 4 bedrooms. We also offer our Condo/Condotel Lender List and Closed Sales Histories. Individual owners have units, but they have. Here to help. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. A: 1515. com. 20%. For monthly updates on current listings and new closed sales, sign up for our Surfside Real Estate News, one of the 50 versions of our e-newsletter. At Bankoh Investment Services, we take the time to get-to-know you and understand your financial needs and goals. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family.