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. com to schedule your consultation. Browse photos and listings for the 33 for sale by owner (FSBO) listings in Myrtle Beach SC and get in touch with a seller after filtering down to the perfect home. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. The dog-friendly winter rentals are available at reduced off-season rates. Condotels. Qualification based on Property Income, Not Your Income. Seaside Realty Company Broker In Charge, E-Pro Certified. 1 Beds. Myrtle Beach, a scenic oceanfront community in South Carolina, offers both guests and residents miles of beaches, inland waterways, more than 100 golf courses, and activities for all ages. 9670 Shore Dr. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. These could. 991 38th ave n, myrtle beach, sc, 29577. Call ☎ (800) 697-4371. Months. Discover genuine guest reviews for Condotels at Coldstream Cove along with the latest prices and availability – book now. 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. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. Long-Term Fixed or ARM Rates. 6 Listings from $218,000. I am looking at Myrtle Beach for my first property. A condotel is just what it sounds like—a cross between a condominium and a hotel. Beach Cove Resort offers two and three bedroom oceanfront condos. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. CONDO SPECIALISTS. 161 Seawatch Drive, Myrtle Beach, SC 29572. . 201 N 74th Ave. This ground level 2-bedroom condo is located. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. 4817 Magnolia Lake Dr APT 301, Myrtle Beach, SC 29577. 1 Beds. 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. View Hotel. The condo can even be 5 miles from the “check-in desk”. $239,900. North Myrtle Beach, SC 29582 (843) 444-LOAN (5626) wp@444loan. The Ashworth Condos For Sale. Condotel loans are available for up to $1. 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. Call ☎ (800) 697-4371. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. Super comfortable and fully furnished, this u. com (800) 697-4371. Sometimes one size doesn’t always fit all. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. 161 Seawatch Drive, Myrtle Beach, SC. 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. There are some condos that are money machines, and will constantly be sending you checks month after month, and at the same time, we can assure you there are others that are alligators and will eat you alive. 00, with the average rent median estimated to be $1,250. Call ☎ (800) 697-4371. Trump International Hotel and Tower. This unit features a full kitchen equipped with a full size fridge, rang. North Myrtle Beach, SC 29582. info. Many national, big named banks will not finance a condotel. 5/5. 1st Bedroom: 1 king bed, attached bath. 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. Beach Cove Resort - Traveler rating: 4/5. Bridge Financing. Brittany Baker Poster Pro. especially in a popular tourist destinations like Myrtle Beach. 3 Beds. 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. 2013 New Condotel Financing; Loan Process. Maximum 75% LTV. Sea Mist Eff/1BA oceanview condo. Indianapolis, IN. SEARCH OUR SITE. The house always wins. Source: acmg. S Unit 816, Myrtle Beach — Coral Beach $170,000. However, I'd really like to keep it at the 20% mark. com (800) 697-4371. 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. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. U. #K-3. CONDO FINANCING. LINENS & DEPARTURE MAID SERVICE INCLUDED IN RATES! Winter Rentals in North Myrtle Beach are from October to March. Miami CONDOTEL Financing. Beach Park Resort - Myrtle Beach Condos for Sale. Owner Financing available for qualified buyers. Source: acmg. Condotels have hotel-like amenities and services – unlike the conventional condominiums. There are 2,731 real estate listings found in Myrtle Beach, SC. Blissful Mortgage is your Condo Mortgage loan experts with 17 years of experience. Loan Amounts to $417,000. RE/MAX SOUTHERN SHORES NMB. 08260, Wildwood Crest, Cape May County, NJ. Visit 444loan. BridgeWell Capital professionals often finance investments in 10 days or less; no matter your current credit, financial, or employment situation. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. The Best Courses, The Best Accommodations, The Best Prices. Try more general words. 1,045 Sq Ft. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. Doug Shaw Memorial Stadium. Just as importantly, you should know that loans for condos usually come with slightly higher interest rates. 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. Blog Author and CEO. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. The CondoLux staff is very helpful on the phone and at the office. You can contact the owner directly at. 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. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. I hear countless stories of confusion and people being ripped off by real estate agencies, who don’t have. Lastly, most out-of-town lenders are not going to have a condotel loan program available in the event that the condo is accurately classified as a condotel. One Ocean Place is a highly sought after condominium complex in Garden City Beach. After all annual fees are paid ie. Any recommendations for lenders who offer 20% down on condotels. The unit is currently rented third-party through Hosteeva. Put our experience to work for you - our in-house condo team checks the financial soundness of the condo project. Condotel properties must have a full. An up to date guide to the Myrtle Beach real estate market including foreclosures and short sales. #7 of 8 condos in Garden City Beach. 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. The house always wins. 3 baths. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. Minimum down payment of 15%. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 7/03/2020 - Zillow. 455. Financing Your New Home in Myrtle Beach. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 18, 2009. . A Condotel Loan (condo hotel, condo-tel, Condo Hotel Financing, etc…. 3 Baths. 40-Year Fixed IO. Myrtle Beach Boardwalk, SC Home for Sale. However, securing financing for such a unique property can be a complex process. 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. Blissful Mortgage Condo loans. 720 sqft. - Homes for sale presented by the Beach Pro Team: 843. com. 201 74th Ave N #2731, Myrtle Beach, SC 29572. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. 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. 8 Listings from $174,900. 2318867 MLS. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. 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. There are some condos that are money machines, and will constantly be sending you checks month after month, and at the same time, we can assure you there are others that are alligators and will eat you alive. Condotels have hotel-like amenities and services – unlike the conventional condominiums. We also offer our Condo/Condotel Lender List and Closed Sales Histories. com (800) 697-4371. No Exp. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. 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. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. Condotel Mortgage Rates; Florida Condotel. Sometimes one size doesn’t always fit all. Camelot By The Sea - Myrtle Beach Condos for Sale. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. 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. 00. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. Find out everything you need to know about Condotels. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. This oceanfront resort is located at 1105 S Ocean Blvd, Myrtle Beach, SC 29577. 2ba. Full pet policy & more. 2. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. A setup fee, or onboarding fee, is the first fee you might run into. For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. 1105 S Ocean Blvd. 5 days on Zillow. 9670 Shore Dr. Every lender has its own lending requirements on condotel financing. Posted in Myrtle Beach Condos For Sale, Myrtle Beach Real Estate. 2301 S Ocean Blvd, North Myrtle Beach, SC 29582. 00 or as much as $3,360. 2009. Myrtle Beach, SC 29579; Office: 800. . TRV69857---. 455. com (800) 697-4371. Now, with a population of 30k permanent residents and. A perfect beach retreat, Heron Pond is a condo complex on the north end of Myrtle Beach and a short walk to the ocean. 3 bds. . 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,. Pre-Sale Studio and 1 Bedroom Orlando Condo Hotel. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. TRV69318---. 0. 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. November 30, 2023. Check your spelling. (843) 444-LOAN (5626) [email protected] Reconsider the ‘Condotel’. Whether you are looking for exciting watersports or to dance the night away at Broadway at the Beach, The Caravelle. LOCATION. It offers in size, 1 beds and 1 baths. Myrtle Beach, SC 29579; Office: 800. 5905 South Kings Hwy Unit A418, Myrtle Beach, SC 29575. 4785 -. However, securing financing for such a unique property can be a complex process. Condo For Sale In Myrtle Beach, South Carolina. If you decide to invest in a short-term rental property in a condotel, here are four tips for getting started: 1. The list is categorized by the types of loans each. 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. GREY AREA. View 28 photos of this 1 bed, 1 bath, 581 sqft. Leave a Comment. RDunn@remn. $805,449. Mortgages. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. 3500 N Ocean Blvd (Prince Resort I), 3601 N Ocean Blvd (Prince Resort II), North Myrtle Beach, SC 29582. 3 Beds. condo with a list price of $214900. Do You Own Your Home? 2. Fast Closing and Flexible Underwriting. Low-Down-Payment loans : FHA. Golf colony resort 5p. . As the best rated local lender since 1983, we offer a wide range of financing options tailored to your needs. $244,900. Discussion of potential solutions. ft. 745 sq ft. It sounds like Vegas. View 24 photos of this 2 bed, 2 bath, 1045 sqft. DSCR calculations as low as zero are eligible for the program. Financing/Investment. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. $387,000. MLS# 2305975 / Sold. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. The money you make from the rental can help you offset some of the costs and often create extra revenue. Camelot By The Sea - Myrtle Beach Condos for Sale. com. To be in. Seaside Inn Resort is close to Barefoot Landing, Ocean Drive’s Main Street, The Tanger Outlets and the many shops, restaurants and attractions of North Myrtle Beach. * 5 Star Steak House Restaurant on-site. Owner Financing available for qualified buyers. 1,501 sqft. 19 Properties in Myrtle Beach from $119,000. 30 Year Fixed. Get a quote Or, call 1-855-347-3939. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. Long-Term Fixed or ARM Rates. 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. Condo Financing and Condotel Mortgages. A condotel is a combination of a condominium and a hotel and is a unique type of property ownership. Condotels are condos that are run as resort properties and offer amenities such as check-in desks,. View property. Unit 1008, North Myrtle Beach — Prince Resort $355,000. Borrowers must have owned any property type in the past 24. . Myrtle Beach and the surrounding areas are a perfect location for a vacation or. Individual owners have units, but they have. Another Myrtle Beach hotel with towering views of the Atlantic Ocean is for sale. 2 reviews. 503. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. 3bd. This document expresses the opinion of Gene Carter, CDPE. 2 Baths. Qualification based on Property Income, Not Your Income. This home is only a few blocks from BUS 17 and only a 2 minute car-drive/5 minute golf-chart drive to the beach. LOAN. 32 days on Zillow. 1321 S Ocean Boulevard, North Myrtle Beach, SC 29582. An Atlantic Beach town council candidate spent six years in federal prison following a 2007 conviction on multiple drug charges in Virginia, according to court records. In addition to the requirements above, any project with one or more of the following characteristics is ineligible. NEW - 4 HRS AGO FOR SALE BY OWNER. Guthrie "Always Mobile" (843) 446-3444. (843) 945-1880. (843) 492-4030. Financing a myrtle beach condotel. In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. , Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455We would like to show you a description here but the site won’t allow us. 00. 1,654 sq ft. Quiet cul de sac location. The following are the criteria in which properties would be allowed for condotel financing: The units need to have a full kitchen and a separate bedroom. (843) 315-2535. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. Easily calculate a Myrtle Beach mortgage for all types of home loans including; first mortgages, second home loans, condotel financing in myrtle beach, investment. Locally, we have a handful of local lenders, with very. Condo For Sale $159,900. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. Receive the Beach Pro Team’s current list of local. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. 161 Posts 128 Votes. The median list price per square foot in Myrtle Beach is $178, which is higher than the Myrtle Beach-Conway-North Myrtle Beach Metro average of $137. Minimum down payment of 15%. …. Free Wifi. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. 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. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. 33. com. Nov 23, 2023 - View the Best vacation rentals with Prices in North Myrtle Beach. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. Questions: 803-998-1000. Condo For Sale In Myrtle Beach, South Carolina. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. Written by Jerry Pinkas on June 8, 2018. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). Roy Dunn – Coastal Financing Guru. Individual owners have units, but they have. Trump International Hotel and Tower. . 2 bds; 2 ba; 1,158 sqft - Condo for sale. The dog-friendly winter rentals are available at reduced off-season rates. NMLS #5645 These programs are available to only qualified borrow1105 S Ocean Blvd. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. High LTV and Interest-Only Options. 475 sq ft. W. 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…. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. 20% “Regular” condos. 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. However, securing financing for such a unique property can be a complex process. For one, a condo mortgage usually requires extra steps and additional paperwork. 3 Baths. Coral Beach Features and Amenities. Those. NEW - 4 HRS AGO FOR SALE BY OWNER. 2 units occupied and the third is having work done on it now. $189,000 and up - Condo Hotel. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. Unit owners also have the option to place their. net. Myrtle Beach / Columbia; Myrtle Beach / Columbia. $159,900. 2023. The. 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. 1990 N Waccamaw Dr. With a private balcony, these level 3 condominiums are angle oceanfront units. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. Website. 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. There is a lot of bad advice on the internet about condotels. Expanded Investor Loans. 904 62nd Ave. Beach Cove Resort North Myrtle Beach. condotel financing situation is “as good as it gets!” A little-known “secret” is that condotels (condos in developments with check.