Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. . The largest property for sale is 3,174 sqft and smallest 307 sqft. 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. Long-Term Fixed or ARM Rates. LendSure Mortgage Corp. 4. Does Condotels at SurfMaster have an airport shuttle?According to a study that evaluated condo-hotels in the Florida state and projected returns over a five-year period from 2006 to 2011 the return rate is usually 1%. . Myrtle Beach. A condotel allows you to be an owner without the stress of maintenance. Most posts I've seen on this topic are old. $350,000. 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. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. 475 sq ft. 426%. You can contact the owner directly at. Whether you are looking for exciting watersports or to dance the night away at Broadway at the Beach, The Caravelle. Learn what factors lenders consider in underwriting a loan on a condo hotel unit. 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. 455. Thu, 26 Oct 9:00 AM to 4:00 PM. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). Take a lesson or enjoy a tournament. 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. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. . 1025 Highway 17 South. Myrtle Beach Oceanfront Condotel STR Case Study. Owner Financing - Myrtle Beach, SC Home for Sale. 4785 -Posted 3 years ago. . No Need For Traditional Condotel Financing Hassles! Direct Oceanfront. Fix and Flip Loans. . Welcome to your own private oasis with stunning ocean views! This one bedroom, one bathroom, condo in the Grande Cayman Resort offers the perfect blend of of comfort, style, and convenience. 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. 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. 2 units occupied and the third is having work done on it now. These rentals, including the outside marketing of them, are handled directly by the management company. Or you can find a $1. Gene Carter: Cell 843-455-4785. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. 5 million. Financing. Fannie Mae does not mind nightly. Lauderdale, FL, etc. Archives Personal Finance. This two bed, two bath second floor end unit features an open floor plan and is being sold fully furnished. . Bay View Resort - Myrtle Beach Condos for Sale. The CondoLux staff is very helpful on the phone and at the office. 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,. A grassroots organization made up of legacy property owners in Atlantic Beach are suing town leaders and a developer with plans to build a $100 million high rise hotel along prized beachfront land. A condohotel, or a condo hotel as it is also called, is a unique type of residential and rental property. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Explore the Coral Beach condos for sale in Myrtle Beach SC. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. Receive the Beach Pro Team’s current list of local condo and. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Coral Beach. Trump International Hotel and Tower. 40-Year Fixed IO. Prestwick, SC Home for Sale. Located on the new Myrtle Beach Boardwalk in South Myrtle Beach, Bay View Resort features 2, 3 and 5-bedroom condos in a 25-story. 9670 Shore Dr. 2ba. Myrtle Beach SC. com. We also offer. Toll Free: 1-888-667-1772. Or email us at gcho@gustancho. 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. condo with a list price of $179000. 444. * Extra Luxurious 1 - 7 Bedroom Condos & Homes. 1,654 sq ft. High LTV and Interest-Only Options. Print . Condo Financing and Condotel Mortgages. 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. After all annual fees are paid ie. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. Investor. CCNB offers special rates and terms for condotels in the Myrtle Beach area. 00. Beach Pro Team, Gene Carter REALTOR. The Ashworth Resort 102 N Ocean Blvd North Myrtle Beach, SC. Sellers are permitted to pay up to 6% of closing costs. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. Borrowers can also email me at gcho@gustancho. com to schedule your consultation. 9700 Kings Rd. . Owner Financing Available - Myrtle Beach, SC Home for Sale. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. Top Rated. 3 bds; 2 ba; 1,501 sqft - For sale by owner. Prestwick, SC Home for Sale. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. Sometimes one size doesn’t always fit all. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. 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. 201 74th Ave N #2731, Myrtle Beach, SC 29572. View 24 photos of this 2 bed, 2 bath, 1045 sqft. 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. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. If you think that condotel ownership may be for you, we can help you apply for competitive condotel financing in Miami or the surrounding region. Financing a myrtle beach condotel. Learn more about local market trends & nearby amenities at realtor. Great location!!!! just minutes from the beach, broadway at the beach, tons of dining options and golf courses. 5 million. Source: acmg. 4 bds. TRV69318---. Regarding how you like to bank, we know one size doesn’t always fit all. We offer a variety of mortgage options: Conventional Mortgages. $350,000. 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. Unit 704, Garden City Beach — One Ocean Place $408,500. 18, 2009. Myrtle Beach, SC 29579. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. Department of Housing and Urban Development | 451 7th Street S. Discussion of potential solutions. 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. 3 Beds. 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. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. Help getting approved for a mortgage loan for a condo in Myrtle Beach SC (Also applies to all condos in SC). 201 N 74th Ave. Myrtle Beach / Columbia; Myrtle Beach / Columbia. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. Thanks in advance. condo with a list price of $214900. No appointments necessary. Qualification based on Property Income, Not Your Income. 30 Year Fixed. 5/5. Financing/Investment. 3 bedroom, North Myrtle Beach SC 29582. Personal Banking. (843) 492-4030. - Homes for sale presented by the Beach Pro Team: 843. Blissful Mortgage Condo loans. 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. 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. Located on the 10th floor in the Palmetto building, this. $379,800. 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. 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. 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. Required fields are marked *Stay at this hotel in Surfside Beach. 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. Search the web for: condotels condotels north myrtle beachClick 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. Office: 800-872-4488. 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. Ocean Blvd. Written by Jerry Pinkas on June 8, 2018. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. 2 bathrooms. In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. 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. 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. If you would like more information on condos or condotels in the Myrtle Beach, SC area, reach out to me. Visit 444loan. We have the experience and knowledge to help you find the right condo insurance policy for your needs and budget. Property owners can generate higher returns than traditional mortgages and access more flexible loan terms. 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. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. S Unit 816, Myrtle Beach — Coral Beach $170,000. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. 2013 New Condotel Financing; Loan Process. Seaside Realty Company Broker In Charge, E-Pro Certified. Unit 839/840, Myrtle Beach $299,900. 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. MORTGAGE CALCULATOR. Financing/Investment. 1207 S Ocean Blvd. 3rd Bedroom: 1 king bed, hallway bath. 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. Bridge Dale • 2 years ago. 29450, Mount Pleasant, Charleston County, SC. 3bd. CENTURY 21 THE HARRELSON GROUP. Blissful Mortgage is your Condo Mortgage loan experts with 17 years of experience. Morant’s proposed condotel, named “The Black Pearl of the Atlantic,” would be located near 30th Avenue South and South Ocean Boulevard, and feature 168 hotel rooms, 36 short-term rental. 37 ACRES. Myrtle Beach, SC 29579; Office: 800. Richmond CONDOTEL Financing. Condo For Sale In Myrtle Beach, South Carolina. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. com. Premium. The list is categorized by the types of loans each. Pre-Sale Studio and 1 Bedroom Orlando Condo Hotel. 2 Baths. Owner Financing available for qualified buyers. Posted Mar 20 2023, 12:00. What a unit owner owns is typically different than what a unit owner owns in a typical. Indoor Pools. A perfect beach retreat, Heron Pond is a condo complex on the north end of Myrtle Beach and a short walk to the ocean. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. Financing Condos in Myrtle Beach Can Be Tricky. ★THE BEST location: mere steps to the beach, walkable to the famous Myrtle Beach Boardwalk, minutes from hundreds of shops, restaurants + attractions ★Spend time w/friends in the 16-person HOT TUB ★Seasonal beachfront pool bar, indoor/outdoor pool decks, hot tubs, lazy river ★FAMILY: Board games, pack n play,. View Hotel. 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. Myrtle Mike Thompson. 813 2nd Ave N, North Myrtle Beach, SC 29582. Investment property loans Commercial & Residential Condo Hotel Loans. View our Myrtle Beach real estate area information to learn about the weather, local school districts, demographic data, and general information about Myrtle Beach, SC. Contact us today and let Alpha. Source: activerain. 2 reviews. 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. However, securing financing for such a unique property can be a complex process. Then there is an HO-6 policy, which is a small interior (walls in) policy you’ll. 00 or as much as $3,360. Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage. 455. 2 bedroom, Wildwood Crest NJ 08260. The major difference between a condo and a condotel is that short term, nightly rentals are available in the latter. Airport (MYR) airport, the closest popular airport to the property. A 10% downpayment is required and there are no prepayment penalties. com (800) 697-4371. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. - Homes for sale presented by the Beach Pro Team: 843. Patricia Grand Resort Hotel. The Grand Strand is known for its famous golf courses and country clubs. 745 sq ft. 1515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. 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. ft. $244,900. Fast Closing and Flexible Underwriting. With more than 400 properties, Garden City Realty has a beach rental. Myrtle Beach, SC 29579; Office: 800. 455. Condo Financing and Condotel Mortgages. Mortgages. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Monthly Real Estate News; Local News. 3910 Highway 17 South. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. Inquiries. Currently, the condotel purchase market in South Beach, Panama. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. We also offer our Condo/Condotel Lender List and Closed Sales Histories. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. 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. 33. * 5 Star Steak House Restaurant on-site. 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. 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. 1890 Auburn Ln, Myrtle Beach, SC 29575. 1 Beds. Call ☎ (800) 697-4371. At Movement Mortgage, we do offer condotel financing if the building is indeed a true condotel. Owner Financing This property will be on the market for a limited time This gorgeous 4-bedroom, 3 bath home is located in Francis Marions. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. 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. The most recent sale had a number of twists and turns. 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. Owner Financing available for qualified buyers. Columbia, SC 29210. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. 2 Baths. 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. 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!!. 4785 -Personal Banking. Condotel-Loans Condotel Loan. The financing assumes a 20% down payment and 20-year term. 20%. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. Doug Shaw Memorial Stadium. Source: activerain. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. Ocean Blvd. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator; Blogs. 5 million dollar two bedroom, two bathroom oceanfront condotel unit in Hawaii. Unit 1002, Myrtle Beach — The Palms $549,999. 2 Baths. November 1, 2023. Regarding how you like to bank, we know one size doesn’t always fit all. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. There is no maximum loan size on Condotel Financing Mortgage Loans. So I was wondering what the reasoning was behind such a high interest rate on condos? 10% is super high. . info@afbcarolinas. See BBB rating, reviews, complaints, contact information, & more. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. Welcome. 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. But what is a condominium hotel or condotel? A condo-hotel is a new trend in the Myrtle Beach. condotel financing situation is “as good as it gets!” A little-known “secret” is that condotels (condos in developments with check. 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. - Homes for sale presented by the Beach Pro Team: 843. 2. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. Maximum 75% LTV. Condotel Financing and Non-Warrantable Condo Loans are Portfolio Mortgages are available with us at Florida Commercial Real Estate Loan Group. The Caravelle Resort: 6900 N. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. Leave a Comment. Myrtle Beach, SC 29579; Office: 800. For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. Refer to and input NMLS #237341 to see where American Financial Network, Inc. 10 days on Zillow. Owner financing available beycome. 1 Beds. Real Estate investment in Myrtle Beach, SC. About the. Condos and Homes for Sale in Myrtle Beach. Are You or Your Spouse 62 Years of Age or Older? 3. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. 201 74th Ave N #2731, Myrtle Beach, SC 29572. In comes what we call our portfolio option for condotel financing. 386 sqft. 1 Baths. North Myrtle Beach Waterfront/Oceanfront Condominiums for Sale. $590,000. 2ba. Or email us at gcho@gustancho. Call ☎ (800) 697-4371. Click on any of the resorts below for current listings, floor plans, numbering grids, overviews, lists of amenities, and pictures - over 90 oceanfront and resort condo developments in. Don't. Bella. 3bd. washer and dryer recently. 2 bedrooms. Call ☎ (800) 697-4371. First Last. Teressa Carter: Cell 843-455-4787. The units are individually owned. 2 Beds. Non-Warrantable Condos. View Tripadvisor's 53,350 unbiased reviews and great deals on house rentals in North Myrtle Beach, SCCoral Beach is a condominium community located in Myrtle Beach that offers a wide range of amenities to fit any lifestyle. Individual owners have units, but they have. 4785 - Posted 3 years ago. especially in a popular tourist destinations like Myrtle Beach. We consider loan-to-value ratios of up to 65%. When this happens, I am able to obtain a regular,. North Myrtle Beach, SC 29582. DSCR calculations as low as zero are eligible for the program. is an equal housing lender. An up to date guide to the Myrtle Beach real estate market including foreclosures and short sales. Newly Renovated. Many national, big named banks will not finance a condotel. 455. 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. You’ve contracted to purchase and now all you have to do is go back to. Our. CONDO RESOURCES. . 475 sq ft. 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. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. We specialize in Condo Loans Financing for Warranted Condo Loans, Non-Warranted Condo Loans, Condotel Condo Loans, Primary Condo Loans and DSCR investment Condo loans for long and short term rentals. Website. (843) 444-LOAN (5626) wp@444loan. . - Homes for sale presented by the Beach Pro Team: 843. 3 Baths. Miami CONDOTEL Financing. 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…. Even if we can’t help ourselves, we may be able to point you in the right direction.