As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Investment property loans Commercial & Residential Condo Hotel Loans. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. M - F 8am -5pm. Many property owners also use their Myrtle Beach condotel for personal use. Condotel Mortgage Rates; Florida Condotel. A condotel is a. Mortgages. Myrtle Beach SC. 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,. 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. Credit Scores down. About the. (843) 213-1720 (843) 213-17274066-A Taranto Loop UNIT 5101-A Myrtle Beach in Bella Vita Garden Homes - View all 39 photos. Maximum 75% LTV. 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. Direct oceanfront corner lockout now available at Boardwalk Beach Resort in the heart of Myrtle Beach! This renovated, turnkey 2 bedroom, 3 full. Call 1-866-383-5345 or find a mortgage. 3 Beds. Department of Housing and Urban Development | 451 7th Street S. 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. NEW - 4 HRS AGO FOR SALE BY OWNER. 2 reviews. » Hotels in Myrtle Beach. 720 sqft. 1105 S Ocean Blvd. Most of the Myrtle Beach oceanfront high rises are condotels. Myrtle Beach. About the Condotels Golf Colony. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. 4785 -. Regarding how you like to bank, we know one size doesn’t always fit all. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. $350,000. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. 3 bds. Atlantic Beach voters will have big decisions to make at next month’s polls as they opt for a new mayor and flip the council by at least one new member on the panel. Condo For Sale In Myrtle Beach, South Carolina. Pet Friendly. Categories > Condo Hotels for Sale in Waikiki. The average sq ft home size of South Carolina Beachfront Condos & Villas For Sale Myrtle Beach SC is 956 square feet. Financing for Condos. 3 baths. Most posts I've seen on this topic are old. Trump International Hotel and Tower. His knowledge and expertise is second to none. Individual owners have units, but they have. The Atlantic Beach Town Council will soon take a final vote to rezone land for the $80 million project. Another Myrtle Beach hotel with towering views of the Atlantic Ocean is for sale. Loans made or arranged pursuant to California Financing Law. Read More. The major difference between a condo and a condotel is that short term, nightly rentals are available in the latter. 2 Baths. Financing CONDOSin Myrtle Beach. FOR SALE BY OWNER 0. Columbia SC. Unit 420, Myrtle Beach — Coral Beach $155,000. Contact Information. Looking for reasons to do it or not do it. Condo For Sale In Myrtle Beach, South Carolina. $97 night. facebook; linkedin;. 107 Toby Ct. ACMG offers 90% fixed or adjustable rate loans of amounts up to $417,000 to be used on second homes consisting of 1 Unit Properties, Condos and PUDs. 2% within the next year. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. 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. (843) 628-3604. Locally, we have a handful of local lenders, with very. Breakers Resort - Myrtle Beach Condos for Sale. Bay View Resort. Myrtle Beach, SC 29579. By Adam Benson. As the best rated local lender since 1983, we offer a wide range of financing options tailored to your needs. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Master bedroom has 2 closets. However, I'd really like to keep it at the 20% mark. Non-Warrantable Condos. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. LINENS & DEPARTURE MAID SERVICE INCLUDED IN RATES! Winter Rentals in North Myrtle Beach are from October to March. It’s complicated (but we can make it easy for you). Special offer. 20%. 2013 New Condotel Financing; Loan Process. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. Okay. 537 Sq. Overbuilding. Some Myrtle Beach real estate agencies can only show certain areas, but we are not restricted. Write a review. - Homes for sale presented by the Beach Pro Team: 843. $379,800. 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, rates start in the low 5s, 3/1, 5/1, 7/1, 30 and 15 year terms available. Borrowers can also email me at gcho@gustancho. 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. Richmond CONDOTEL Financing. This condo comes fully furnished and offers fantastic upgrades throughout. facebook; linkedin;. 2 Bed. com. Condotels are typically high-rise buildings which are developed and operated as a luxury hotel and are usually found in major resorts and cities. com. However, securing financing for such a unique property can be a complex process. 4 bedrooms. 1 Baths. Call Us: (843) 839-2430. These could. Owner Financing available for qualified buyers. Visit hotel website. Enjoy laundry facilities, a patio, and a TV. 613-610 5th Ave. 2318867 MLS. Units require at least a true 1 bedroom. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Condotel-Loans Condotel Loan. Seaside Realty Company Broker In Charge, E-Pro Certified. Those. 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. The condo can even be 5 miles from the “check-in desk”. What Is A Condotel In Myrtle Beach. You can contact the owner directly at. Call ☎ (800) 697-4371. Building or project needs to be more than or equal to 50% for commercial – this will be determined by the appraiser. Brighton Tower Overview. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. 1 bath. Put our experience to work for you - our in-house condo team checks the financial soundness of the condo project. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. 3rd Bedroom: 1 king bed, hallway bath. 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. Bella. Live like a pampered guest in a Honolulu. The units are individually owned. Gene Carter, CDPE Myrtle Beach Real Estate Sales 1-800-872-4488 GeneCarter@BeachProTeam. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. com (800) 697-4371. 5 million. Owner Financing Available - Myrtle Beach, SC Home for Sale. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Condo For Sale $159,900. Condo Financing and Condotel Mortgages. The house always wins. Stay in touch with us at 843-999-0575 or email. ft. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. Popular attractions Blackmoor Golf Club and The International Club of Myrtle Beach are located nearby. CONDO SPECIALISTS. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. Questions: 803-998-1000. CONDO FINANCING. 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. Myrtle Beach, SC 29579; Office: 800. . 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. You don’t have to mow the lawn or worry about shoveling snow. Which condo hotels in North Myrtle Beach are good for families?1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. . With more than 400 properties, Garden City Realty has a beach rental. 2 bedrooms. Myrtle Beach Oceanfront Condotel STR Case Study. Marriott's OceanWatch Villas at Grande Dunes - Traveler rating: 4. Contact us today at 843-232-7321!5905 South Kings Hwy Unit A418, Myrtle Beach, SC 29575. 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. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. Unit owners also have the option to place their unit in the hotels rental program where it is rented out like any other hotel room. There are 1,691 properties for sale in the city of Myrtle Beach . Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. info@afbcarolinas. Condotel: A condominium project that is operated as a hotel with a registration desk, cleaning service and more. Bluewater Resort - Myrtle Beach Condos for Sale. NMLS #5645 ǀ AZ Lender #BK-0906866 #MLB5645 On Q Financial, Inc. Anderson Ocean Club. We have a list of the best greens in the state and country. 1 Baths. 1,169 Sq. Petersburg CONDOTEL Financing. No appointments necessary. Call ☎ (800) 697-4371. 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. net. Direct oceanfront corner lockout now available at Boardwalk Beach Resort in the heart of Myrtle Beach! This renovated, turnkey 2 bedroom, 3 full bathroom condo can accomm. Seller willing to owner finance! Introducing this ocean view efficiency condo in the most fun place to stay in Myrtle Beach. We also offer our Condo/Condotel Lender List and Closed Sales Histories. 1 Bed. com. Enjoy all the. 813 2nd Ave N, North Myrtle Beach, SC 29582. 201 N 74th Ave. $350,000. Golf colony resort 5p. North Myrtle Beach Waterfront/Oceanfront Condominiums for Sale. 1105 S Ocean Blvd. Loan Application. 4785 -Personal Banking. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. 8 Listings from $174,900. 1,000 Sq Ft. 4. 9670 Shore Dr. I have to admit, first of all, that it's been close to 20 years since I've been to Myrtle Beach, although for a 20 year period of time prior, I visited MB almost every year. 4817 Magnolia Lake Dr APT 301, Myrtle Beach, SC 29577. So I was wondering what the reasoning was behind such a high interest rate on condos? 10% is super high. 475 sq ft. Bay View Resort - Myrtle Beach Condos for Sale. Barefoot Commons Branch. 1 Beds. U. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact . THE EPITOME OF A LUXURY GOLF VACATION. 503. Financing. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. Full pet policy & more. 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 understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. North Myrtle Beach, SC 29582 (843) 444-LOAN (5626) wp@444loan. 1 bedrooms. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. High LTV and Interest-Only Options. Fast Closing and Flexible Underwriting. Blog Author and CEO. 3 Beds. The Brighton Tower is an upscale 21-story oceanfront condominium tower in Kingston Plantation, a 145 acre world-class resort located in the Arcadian section between Myrtle Beach and North Myrtle Beach. You’ve contracted to purchase and now all you have to do is go back to. Myrtle Beach / Columbia; Myrtle Beach / Columbia. Bridge Financing. net. 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. Guthrie "Always Mobile" (843) 446-3444. 455. Teressa Carter: Cell 843-455-4787. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Unit 839/840, Myrtle Beach $299,900. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). Learn what factors lenders consider in underwriting a loan on a condo hotel unit. Personal Banking. . 2151 Bridgeview Ct. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. 1,045 Sq Ft. With a private balcony, these level 3 condominiums are angle oceanfront units. (866) 803-2853. Minimum down payment of 15%. For those who need condotel financing, please contact us at Gustan Cho Associates at 262-878-1965 or text me on my cell for faster response at 800-900-8569. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. S Unit 816, Myrtle Beach — Coral Beach $170,000. City-Data Forum > U. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. When this occurs, we can offer. Free Wifi. This oceanfront resort is located at 1105 S Ocean Blvd, Myrtle Beach, SC 29577. 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. 3 Baths. No Exp. (843) 796-1358. Even if we can’t help ourselves, we may be able to point you in the right direction. 20% “Regular” condos. Unit 704, Garden City Beach — One Ocean Place $408,500. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. Call ☎ (800) 697-4371. North Myrtle Beach. 1210 Absolute 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. For your protection, do not email your Account Number (s) or Social Security Number. Apply. Jumbo Loans. The condotel must have at least 500 square feet of living area. 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. ABC Mortgage Company is located in Myrtle Beach, serving Horry County, Georgetown County along with the rest of the state of South Carolina. 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. com. com. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. Most posts I've seen on this topic are old. Sheraton Myrtle Beach Convention Center Hotel. Unit 1-904, North Myrtle Beach — Yacht Club Villas $619,999. Atlantic Beach voters will have big decisions to make at next month’s polls as they opt for a new mayor and flip the council by at least one new member on the panel. You can apply online or contact a mortgage specialist for more information. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. The list is categorized by the types of loans each lender can provide and includes the lender's name, phone number, email and website. . Monthly Real Estate News; Local News. 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. There are 2,731 real estate listings found in Myrtle Beach, SC. See pricing and listing details of Daytona Beach real estate for sale. 4525-D Girvan Dr. Ocean Blvd. November 30, 2023. 1033 World Tour Blvd UNIT 105, Myrtle Beach, SC 29579. 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. MLS# 2305975 / Sold. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. 2. Current condo mortgage rates. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Reasons To Refinance; Pre-Approval; Unlike hotels, where a corporation owns the whole hotel, in condotels each unit is sold separately similar to a condo. 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. . 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. Qualification based on Property Income, Not Your Income. Investor. . 40-Year Fixed IO. TRV69318---. Mortgage rates for condos and other types of properties have been volatile in recent years. $244,900. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Investment properties are eligible for the Condotel program. 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. com. Financing Condos in Myrtle Beach. 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. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. 4785 -1512 Taurus Ln. 5 days on Zillow. Coral Beach Bldg. S. Contact us today and let Alpha. I am looking at Myrtle Beach for my first property. * Conveniently Located near Myrtle Beach & North Myrtle Beach courses & attractions. 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. Whether you're a first-time homebuyer or an experienced investor, our expert team is here to guide you through the mortgage process. info@afbcarolinas. We have the experience and knowledge to help you find the right condo insurance policy for your needs and budget. 444. Wells Fargo Bank. Beach Colony. Unit owners also have the option to place their unit in the hotels rental program where it is rented out like any other hotel room. 201 74th Ave N #2731, Myrtle Beach, SC 29572. View Details. 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. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. 1,654 sq ft. Condotels have hotel-like amenities and services – unlike the conventional condominiums. 3bd. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. 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!!. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. Easy to finance. Real Estate Brad Emond July 8, 2020 Brad Emond Real Estate at Keller Williams Realty condotels , condotel , condo , condos ,. Show more. 9700 Kings Rd. 3 bds; 2 ba; 1,501 sqft - For sale by owner. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. APPLY NOW. 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. Loan Amounts to $417,000. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Financing/Investment. Beach Cove Resort - Traveler rating: 4/5. They grossed roughly $44k in 2021 and had done $44k last year through October. Coveted. Borrowers can also email me at gcho@gustancho. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. 2 Beds. 2 mi (16-min drive) away from the Myrtle Beach Intl. Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. After all annual fees are paid ie. Many property owners also use their Myrtle Beach condotel for personal use. 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. 1516 Edge Dr. 504 North Ocean Blvd #310, Myrtle Beach, SC 29577. During the pandemic, rates on 30-year fixed mortgages fell below 3 percent. If you're looking for monthly condo rentals in Myrtle Beach, SC, book today with Condo-World! Arrive. Posted in 2021, Myrtle Beach Real Estate, Myrtle Beach Rental Property. . . Typically, each of the units within a condotel is sold to an individual owner. 1,501 sqft. No appointments necessary. . This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. 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. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Outdoor property amenities are not always available. 13 Myrtle Beach Boardwalk Condos for Sale. 12230 World Trade Drive Suite 250 San Diego, CA 92128. Thanks in advance. Qualification based on Property Income, Not Your Income. 745 sq ft. 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. 4785 - Home; Search MLS.