Current condo mortgage rates. 4785 -Personal Banking. High LTV and Interest-Only Options. com. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. But what is a condominium hotel or condotel? A condo-hotel is a new trend in the Myrtle Beach. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. 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. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. 3 bedroom, North Myrtle Beach SC 29582. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». Learn more about local market trends & nearby amenities at realtor. Provided Horry County. S Unit 816, Myrtle Beach — Coral Beach $170,000. 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. 5/5. 4525-D Girvan Dr. net. I hear countless stories of confusion and people being ripped off by real estate agencies, who don’t have. Richmond CONDOTEL Financing. 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. Forums > South Carolina > Myrtle Beach - Conway area: Condotel purchase on the beach - Myrtle Beach User Name: Remember Me: Password. Best Western Ocean Sands Beach Resort - Traveler rating: 4/5. Gene Carter: Cell 843-455-4785. TRUE Private Money! Close in as little as 10 Days, No FICO Min. 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. One Ocean Place is a highly sought after condominium complex in Garden City Beach. 2500 N Ocean Blvd. A perfect beach retreat, Heron Pond is a condo complex on the north end of Myrtle Beach and a short walk to the ocean. Condo For Sale $159,900. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. 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. 3500 N Ocean Blvd (Prince Resort I), 3601 N Ocean Blvd (Prince Resort II), North Myrtle Beach, SC 29582. 1605 S Ocean Blvd, Myrtle Beach, SC. 3bd. ft. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. 843. Nice residents and friendly staff. 2000 Highway 17 S. See pricing and listing details of Daytona Beach real estate for sale. Condotels at SurfMaster is 9. Become a member or tee off for the day at a variety of courses from Pawleys Island to North Myrtle Beach. Financing Condos in Myrtle Beach Can Be Tricky. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). Much nicer than our friends place down the road in ocean village. is an equal housing lender. North Myrtle Beach, SC 29582. 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. Posted Mar 20 2023, 12:00. Our services encompass condotel loans and loans for non-warrantable condo projects. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. 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. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. 1 Baths. I. 2023. 161 Seawatch Drive, Myrtle Beach, SC 29572. Financing/Investment. Myrtle Beach, SC 29579; Office: 800. Investment property loans Commercial & Residential Condo Hotel Loans. 455. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. 1890 Auburn Ln, Myrtle Beach, SC 29575. (843) 315-2535. 1,039 Myrtle Beach SC Condos for Sale. . 455. Building or project needs to be more than or equal to 50% for commercial – this will be determined by the appraiser. Coral Beach. It sounds like Vegas. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. Sometimes one size doesn’t always fit all. W. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. 4785 -. 444. Condotel-Loans Condotel Loan. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. 4785 -. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. 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. Master bedroom has 2 closets. info. 13 Myrtle Beach Boardwalk Condos for Sale. Located on the 10th floor in the Palmetto building, this. Pre-Sale Studio and 1 Bedroom Orlando Condo Hotel. Columbia, SC 29210. FOR SALE BY OWNER 0. 1321 S Ocean Boulevard, North Myrtle Beach, SC 29582. Most posts I've seen on this topic are old. Condo Financing and Condotel Mortgages. 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. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. Beach Cove Resort offers two and three bedroom oceanfront condos. The house always wins. (843) 492-4030. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. Welcome. 1,000 Sq Ft. 2009. Inquiries. 00. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. 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. com®. 5 million. 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. Loan Process. Financing/Investment. Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. Condotel Mortgage / Condo-Tel Financing / Condops. You can also use this residence for ready and steady rental income. Top Rated. MORTGAGE CALCULATOR. . Unit 420, Myrtle Beach — Coral Beach $155,000. Camelot By The Sea - Myrtle Beach Condos for Sale. This ground level 2-bedroom condo is located. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. NMLS #5645 These programs are available to only qualified borrow1105 S Ocean Blvd. Monthly Real Estate News; Local News. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. Contact Information. 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. A new modern luxury condo hotel is now being offered on the tree-lined shores of serene Lake Austin, with access to a local resort with…. 1 bathrooms. . is a licensed lender. Easily calculate a Myrtle Beach mortgage for all types of home loans including; first mortgages, second home loans, condotel financing in myrtle beach, investment. Buying a condo is a lifestyle choice. Learn about Myrtle Beach Home Loans, First Mortgages, Second Home Loans, Condotels, FHA and VA Loans, Any Credit. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. 4 bds. Unit 1008, North Myrtle Beach — Prince Resort $355,000. Sqft, n/a. 4785 -Posted 3 years ago. info. 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. City-Data Forum > U. com to schedule your consultation. Although. it's equipped with all. 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. November 1, 2023. And that. * Infinity Pool &. 5 baths. . Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. 3 beds. View property. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Condo Financing and Condotel Mortgages. net. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. . I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. Fannie Mae does not mind nightly. No appointments necessary. 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. We also offer our Condo/Condotel Lender List and Closed Sales Histories. 2. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. 107 Toby Ct. Those. 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. Bridge Financing. Trackback from your site. Compare different loan programs, rates, and down payments for your new. Newly Renovated. Dec. com. Coral Beach Bldg. 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. Indoor Pools. This ground level 2-bedroom condo is located in the popular Seagate Village. Source: acmg. In this article, we will explore the key. Condotel loans are available for up to $1. Sheraton Myrtle Beach Convention Center Hotel. Condotel Financing began to be a very popular idea around 2001, because of difficulty in funding a Condotel Loan higher than 50% of the Condotel purchase price. (843) 444-LOAN (5626) Home. info@afbcarolinas. 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. 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. - Condo for sale. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. 386 sqft. 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. facebook;. Born in the talons of Jim Crow, Atlantic Beach was established in 1934 after entrepreneur George Tyson gave the county a $2,000 down payment for development rights on 47 acres between 29th and. $350,000. 10 days on Zillow. 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 Oceanfront Condotel STR Case Study. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. This ground level 2-bedroom condo is located in the popular Seagate Village. 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. 303% for a 15-year fixed, and 7. Warrantable condos are one that a homebuyer can finance using a conventional mortgage, after having been approved under a set of guidelines set by government-sponsored enterprises Fannie Mae and Freddie Mac. 1 Beds. In the 1960s, Folly Beach was quite a tourist destination and a new Oceanfront Plaza was built to replace the Oceanfront Hotel and Pavilion, which burned down in 1957. Financing Condos in Myrtle Beach Can Be Tricky. 4066-C Taranto Loop UNIT 5203-C Myrtle Beach in Bella Vita Garden Homes - View all 22 photos. 107 Toby Ct. The units are individually owned. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. 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. LendSure Mortgage Corp. 813 2nd Ave N. Call ☎ (800) 697-4371. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Jumbo Loans. 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. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. Prestwick, SC Home for Sale. By Adam Benson. Individual owners have units, but they have. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Blog Author and CEO. Myrtle Beach in Crystal Lake - View all 2 photos. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. UNIT #1101 North Myrtle Beach in North Shore Villa - View all 40 photos. Owner Financing Available - Myrtle Beach, SC Home for Sale. November 30, 2023. 2 Baths. APPLY NOW. 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,. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact . Blog Author and CEO. 00, with the average rent median estimated to be $1,250. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. Refer to and input NMLS #237341 to see where American Financial Network, Inc. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. Foreign National Loans. 24 The Sandbar Hotel at 1804 S. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. . NEW - 4 HRS AGO FOR SALE BY OWNER. 169 reviews. 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. Discover genuine guest reviews for Condotels Golf Colony along with the latest prices and availability – book now. Sometimes one size doesn’t always fit all. Embrace the true meaning of a Coastal Living lifestyle with these beautiful New Construction Villas, about 1 Mile to the Beach and move in ready! Visit our Fur. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. They grossed roughly $44k in 2021 and had done $44k last year through October. 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. Asset Depletion. 60%. Questions: 803-998-1000. Ocean Blvd. LOAN. Best-located and Equipped North Myrtle Beach Condos. 1990 N Waccamaw Dr. Brighton Tower Overview. 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. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. Page 2Pamela D. 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). 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. Now we’re seeking a publicly traded condotel management company. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. Located on the 10th floor in the Palmetto building, this. Owners used as 2nd home. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. 1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. Myrtle Beach, SC 29579; Office: 800. CENTURY 21 THE HARRELSON GROUP. 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. 5905 South Kings Hwy Unit A418, Myrtle Beach, SC 29575. 2 Bed. 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,. Island Vista Oceanfront Resort - Traveler rating: 4. Mortgage rates for condos and other types of properties have been volatile in recent years. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. This ground level 2-bedroom condo is located. His knowledge and expertise is second to none. In this article, we will explore the key. Receive the Beach Pro Team’s current list of local condo and. 1 bd; 1 ba; 537 sqft - Condo for sale. Super comfortable and fully furnished, this u. Long-Term Fixed or ARM Rates. Most of the Myrtle Beach oceanfront high rises are condotels. High LTV and Interest-Only Options. Beach Cove Resort North Myrtle Beach. It offers short-term rentals for occupants, and it also maintains a front desk. 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. net. Financing/Investment. After all annual fees are paid ie. The Ashworth Resort 102 N Ocean Blvd North Myrtle Beach, SC. Popular attractions Blackmoor Golf Club and The International Club of Myrtle Beach are located nearby. Check your spelling. Loans made or arranged pursuant to California Financing Law. Airport (MYR) airport, the closest popular airport to the property. 596 sq ft. 1 Baths. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. Adam Benson The Sun News. 12230 World Trade Drive Suite 250 San Diego, CA 92128. 7, 2023. 32 days on Zillow. . - Homes for sale presented by the Beach Pro Team: 843. 161 Seawatch Drive, Myrtle Beach, SC. Type: ManufacturedHome, Year Built: 2021. Learn what factors lenders consider in underwriting a loan on a condo hotel unit. 475 sq ft. Enjoy laundry facilities, a patio, and a TV. I know most of them are those condoels which apparently is an old term, but looking for insight. 504 North Ocean Blvd #310, Myrtle Beach, SC 29577. . RE/MAX SOUTHERN SHORES NMB. However, securing financing for such a unique property can be a complex process. 1207 S Ocean Blvd. Each condotel is a part of a large-scale property that operates similar to a hotel, with a wide range of amenities and resort-style features. North Myrtle Beach, SC 29582. 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. About the. - Homes for sale presented by the Beach Pro Team: 843. 1 Beds. Financing Your New Home in Myrtle Beach. Myrtle Beach - Click Below For Columbia; Columbia, SC - Click Below for Myrtle Beach; 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN. Condo For Sale In Myrtle Beach, South Carolina. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. The dog-friendly winter rentals are available at reduced off-season rates. South Bay Inn & Suites: 520 N. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. 2nd Bedroom: 2 double beds, attached bath. 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. #K-3. . CONDO SPECIALISTS. [email protected] a larger selection of condo types - we lend on a wide variety of condo developments, including new construction and conversion projects. Myrtle Beach, SC 29579; Office: 800. Financing a myrtle beach condotel. Unit 704, Garden City Beach — One Ocean Place $408,500. It offers in size, 1 beds and 1 baths. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. JLL, a Chicago-based global real estate company, announced Oct. 3rd Bedroom: 1 king bed, hallway bath. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. 1 bath. Subject property needs to be 100% residential (or livable) The units need. 1,654 sq ft. Doug Shaw Memorial Stadium. Condotel financing cannot be financed through conventional loans. Myrtle Beach SC. Read More. Get a quote Or, call 1-855-347-3939. APPLY NOW. Qualification based on Property Income, Not Your Income. This unit is at the Atlantica Resort, which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. 2000 Hwy 17 S. The units are individually owned. Wells Fargo Bank. (843) 945-1880. 4. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. com (800) 697-4371. Mortgages for Condos and Condotel financing in Myrtle Beach. RE/MAX SOUTHERN SHORES NMB. Bay View Resort. Website. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy.