Portfolio Financing for Condos and Condotels. This ground level 2-bedroom condo is located in the popular Seagate Village. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. * Extra Luxurious 1 - 7 Bedroom Condos & Homes. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. $242,900. An. 475 sq ft. Barefoot Rental Management 4999 Carolina Forest Blvd, Suite 12, Myrtle Beach, SC 29579. We offer 30- and 40-year fixed-rate mortgages, as well as 5/6 and 7/6 adjustable-rate mortgages (ARMs). 4785 -. 8 Listings from $174,900. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. Bay View Resort - Myrtle Beach Condos for Sale. Thanks in advance. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. View property. 4 bds. 1515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. 2 Baths. 1025 Highway 17 South. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. Long-Term Fixed or ARM Rates. North Beach Plantation. Seller willing to owner finance! Introducing this ocean view efficiency condo in the most fun place to stay in Myrtle Beach. S. Columbia, SC 29210. This article was provided by Oren Orkin of Capital Funding Mortgage Company, LLC, a residential and commercial lender that can provide financing for condo hotel units. 2 units occupied and the third is having work done on it now. Long-Term Fixed or ARM Rates. com®. 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. 1 Beds. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. 303% for a 15-year fixed, and 7. 1 Baths. Myrtle Beach, SC 29579; Office: 800. Most of the Myrtle Beach oceanfront high rises are condotels. Written by jpinkas on August 17, 2018. A 10% downpayment is required and there are no prepayment penalties. 2 Baths. View property. LOCATION. Brittany Baker Poster Pro. Beach Cove Resort North Myrtle Beach. Financing a myrtle beach condotel. condo with a list price of $214900. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. 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. 18, 2009. Find the best offers for your search owner financing myrtle beach. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. . Colorado Springs CONDOTEL Financing. Condotel-Loans Condotel Loan. Fannie Mae does not mind nightly. Enjoy an in-room DVD player, a TV, and cable/satellite TV. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. A condotel combines short-term living units like a hotel and ownership units like a condo. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. Get a quote Or, call 1-855-347-3939. No appointments necessary. Investment property loans Commercial & Residential Condo Hotel Loans. 2. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. MORTGAGE CALCULATOR. . 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. Although. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. The financing assumes a 20% down payment and 20-year term. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment. NEW - 4 HRS AGO FOR SALE BY OWNER. 2 Beds. Dec. . In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. 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. Condo For Sale $239,900. - Homes for sale presented by the Beach Pro Team: 843. Beach Park Resort - Myrtle Beach Condos for Sale. Bedroom in Myrtle Beach SC. Borrowers can also email me at gcho@gustancho. Ocean Blvd. CONDO FINANCING. November 30, 2023. More Details. 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. * Conveniently Located near Myrtle Beach & North Myrtle Beach courses & attractions. 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. Common questions are answered to help inform you about the way our ocean front condo market operates. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. Owner Financing available for qualified buyers. com (800) 697-4371. Receive the Beach Pro Team’s current list of local condo and. 1321 S Ocean Boulevard, North Myrtle Beach, SC 29582. Call ☎ (800) 697-4371 info@afbcarolinas. Condotels are condos that are run as resort properties and offer amenities such as check-in desks,. 1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. Outdoor property amenities are not always available. CONDO SPECIALISTS. N Unit H, Myrtle Beach, SC 29572. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. The condotel must have at least 500 square feet of living area. com (800) 697-4371 facebook And we can tell you for a fact, yes you can! Buying a condo in Myrtle Beach can be a good investment in 2023. (843) 628-3604. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. The Preserve At Clam Farm: Folly Beach, SC. $590,000. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. So I was wondering what the reasoning was behind such a high interest rate on condos? 10% is super high. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. 201 N 74th Ave. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. The list is categorized by the types of loans each. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. 24 The Sandbar Hotel at 1804 S. 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. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. Financing Your New Home in Myrtle Beach. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. 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. Many national, big named banks will not finance a condotel. Try adding more details such as location. I found Condotel Financing at competitive rates Types of Mortgages Available Principle & Interest Mortgage Options. Gene Carter: Cell 843-455-4785. 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. Real Estate Brad Emond July 8, 2020 Brad Emond Real Estate at Keller Williams Realty condotels , condotel , condo , condos ,. Type: ManufacturedHome, Year Built: 2021. Myrtle Beach, SC 29579; Office: 800. Condo Financing and Condotel Mortgages. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626) 1830 Marion St. 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. No Exp. Myrtle Beach, SC 29572Apache CampgroundResidential. Help getting approved for a mortgage loan for a condo in Myrtle Beach SC (Also applies to all condos in SC). - Homes for sale presented by the Beach Pro Team: 843. At Bankoh Investment Services, we take the time to get-to-know you and understand your financial needs and goals. Blog Author and CEO. 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. 991 38th ave n, myrtle beach, sc, 29577. * Premiere Fitness Center. 2ba. Bay View Resort is located on the board walk and is at the heart of Myrtle Beach in close proximity to top attractions such as the Sky-wheel, Pavillion, 2nd Ave Pier, and more!A condotel is a short-term rental unit in a condominium project generally found in resort-zoned and specific apartment-zoned areas. 455. Owner Financing Available - Myrtle Beach, SC Home for Sale. Units require at least a true 1 bedroom. $379,800. Super comfortable and fully furnished, this u. Loans made or arranged pursuant to California Financing Law. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. 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. » Hotels in Myrtle Beach. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. And we can tell you for a fact, yes you can! Buying a condo in Myrtle Beach can be a good investment in 2023. Financing Condos in Myrtle Beach Can Be Tricky. Here to help. Myrtle Beach - Click Below For Columbia. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. Condotels. Much nicer than our friends place down the road in ocean village. 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. Condotel-Loans Condotel Loan. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. Financing/Investment. 5 million. BridgeWell Capital professionals often finance investments in 10 days or less; no matter your current credit, financial, or employment situation. 3 bds. Looking for reasons to do it or not do it. SEARCH OUR SITE. By Alison Gregor. Qualification based on Property Income, Not Your Income. Lauderdale, FL, etc. A condominium hotel, sometimes called a condotel, is a condominium but operated and managed like a hotel. 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. CONDO RESOURCES. 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%. Thanks in advance. The unit is currently rented third-party through Hosteeva. Stunning views you won't want to miss from this oceanfront condo at Prince Resort in the Cherry Grove section of North Myrtle Beach! This two-bedroom, two-bathroom unit o. ABC Mortgage Company is located in Myrtle Beach, serving Horry County, Georgetown County along with the rest of the state of South Carolina. Thanks so. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. 1,654 sq ft. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. Welcome to your dream home at Apache Campground! This beautiful, new home is situated on a corner lot and offers plenty of space. Condotel properties must have a full. Receive the Beach Pro Team’s current list of local. Welcome to Alpha Mortgage, the trusted name in home loans and mortgage solutions. info. Financing for Condos. net. 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. However, I'd really like to keep it at the 20% mark. Was approved for $80k to purchase a beach rental property to come and find out that the loan cannot be used to finance a condotel. 9. When autocomplete results are available use up and down arrows to review and enter to select. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. 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. This unit features a full kitchen equipped with a full size fridge, rang. Unfortunately, your hometown lender is not going to have such a program but the lenders on. View 24 photos of this 2 bed, 2 bath, 1045 sqft. 4785 -The average rent price in Myrtle Beach, SC, is $1,315. 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. 455. There are 630 real estate listings found in North Myrtle Beach, SC. 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. Columbia SC. 00. It was a nice room close to the pool with a good open floor plan. 1105 S Ocean Blvd. Free parking. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. 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. In this article, we will explore the key. Seaside Realty Company Broker In Charge, E-Pro Certified. JLL, a Chicago-based global real estate company, announced Oct. 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. Coral Beach Features and Amenities. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. One Ocean Place Bldg. Jumbo Mortgages/Adjustable Rate Loans. This two bed, two bath second floor end unit features an open floor plan and is being sold fully furnished. The good news is that finding an affordable and desirable property to rent in Myrtle Beach, SC -- whether it’s. $242,900. S Unit 816, Myrtle Beach — Coral Beach $170,000. Barefoot Commons Branch. #D. The most recent sale had a number of twists and turns. Posted Mar 20 2023, 12:00. 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. Bay View Resort. However, securing financing for such a unique property can be a complex process. The condo can even be 5 miles from the “check-in desk”. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. We consider loan-to-value ratios of up to 65%. A condotel is a combination of a condominium and a hotel and is a unique type of property ownership. 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. USDA. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. The units are individually owned. Minimum down payment of 15%. 537 Sq. North Myrtle Beach. Current condo mortgage rates. Owner Financing Available - Myrtle Beach, SC Home for Sale. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 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. Which condo hotels in North Myrtle Beach are good for families?1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. 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. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. Borrowers can also email me at gcho@gustancho. Pick the perfect place where watching the ocean from your balcony completely soothes your soul and encourages you to sit for hours and meditate. 455. 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. Owner Financing - Myrtle Beach, SC Home for Sale. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. If you would like more information on condos or condotels in the Myrtle Beach, SC area, reach out to me. - Homes for sale presented by the Beach Pro Team: 843. 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. 1% over the past year and Zillow predicts they will fall -2. 00. Sheraton Myrtle Beach Convention Center Hotel. (843) 492-4030. Leave a Comment. When this happens, I am able to obtain a regular,. With a private balcony, these level 3 condominiums are angle oceanfront units. Come and. . A condotel is a. Setup fee. 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. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. . Coral Beach Bldg. location of a barber shop, has sued a candidate running for council on Nov. APPLY NOW. Island Vista Oceanfront Resort - Traveler rating: 4. 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. Financing/Investment. This document expresses the opinion of Gene Carter, CDPE. A condotel is just what it sounds like—a cross between a condominium and a hotel. 2318867 MLS. LINENS & DEPARTURE MAID SERVICE INCLUDED IN RATES! Winter Rentals in North Myrtle Beach are from October to March. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Teressa Carter: Cell 843-455-4787. 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. 965 Condos For Sale in Myrtle Beach, SC. Apply. 1,000 Sq Ft. 2 bedrooms. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. 3 baths. Call ☎ (800) 697-4371. Condotels Golf Colony Resort. I hear countless stories of confusion and people being ripped off by real estate agencies, who don’t have. View our North Myrtle Beach real estate area information to learn about the weather, local school districts, demographic data, and general information about North Myrtle Beach, SC. com. Stay at this business-friendly hotel in Murrells Inlet. About the Condotels Golf Colony. Financing Condos in Myrtle Beach Can Be Tricky. Newly Renovated. Units require at least a true 1 bedroom. . Get a condo insurance quote online or call for advice. 3 Beds. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. 1 bath 400 sq ft 201 74th Ave N #2636, Myrtle Beach, SC 29572 (843) 492-4030 Owner Financing - Myrtle Beach, SC Home for Sale OWNER FINANCING AVAILABLE!!!!! No. Myrtle Mike Thompson. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. 2023. Breakers Resort - Myrtle Beach Condos for Sale. . View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. 36 homes. Direct oceanfront corner lockout now available at Boardwalk Beach Resort in the heart of Myrtle Beach! This renovated, turnkey 2 bedroom, 3 full. 991 38th ave n, myrtle beach, sc, 29577. 7/03/2020 - Zillow. Choose an in-demand location. Contact Information. 32 days on Zillow. 4785 - Home; Search MLS. Whether it is the beautiful accommodations, fantastic food, or full amenities, Coral Beach Resort and Suites has it all. These rentals, including the outside marketing of them, are handled directly by the management company. RE/MAX SOUTHERN SHORES NMB. Myrtle Beach, SC. Medieval Times Dinner & Tournament. com. See pricing and listing details of Daytona Beach real estate for sale. info. - Condo for sale. Nice residents and friendly staff. Call 1-866-383-5345 or find a mortgage. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. Condotels at SurfMaster is 9. 9670 Shore Dr. Give us a call 843-839-9870. CONDO SPECIALISTS. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. Demise Of Condotel Financing After Real Estate Meltdown. 2 Beds. RE/MAX SOUTHERN SHORES NMB. Whether you're a first-time homebuyer or an experienced investor, our expert team is here to guide you through the mortgage process. As the best rated local lender since 1983, we offer a wide range of financing options tailored to your needs. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. TRV66338---. Former Atlantic Beach town manager William Booker, who owns the 3310 Highway 17 S. Contact Us Today To Get Started. 2151 Bridgeview Ct. 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. 387 sq ft. Source: acmg. Asset Depletion. com®. 1,501 sqft. Condos and Homes for Sale in Myrtle Beach. At Movement Mortgage, we do offer condotel financing if the building is indeed a true condotel. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. 813 2nd Ave N. North Myrtle Beach, SC 29582. This ground level 2-bedroom condo is located in the popular Seagate Village. 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. Contact GET THE CASH YOU NEED WITH A REVERSE MORTGAGE! 1. is an equal housing lender. Condotels have hotel-like amenities and services – unlike the conventional condominiums.