There are 630 real estate listings found in North Myrtle Beach, SC. LOCATION. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. Condotel Financing Myrtle Beach, etc. Qualification based on Property Income, Not Your Income. Many national, big named banks will not finance a condotel. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. 4 bds. Condotel Mortgage Rates; Florida Condotel. 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. Myrtle Beach Oceanfront Condotel STR Case Study. - Homes for sale presented by the Beach Pro Team: 843. We offer 3/1 ARM, 5/1 ARM, and 7/1 ARM Condo Hotel Mortgage Loan Programs, amortized over 30 years. 596 sq ft. 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. SEARCH OUR SITE. 201 N 74th Ave. . Problem is, the lenders my Realtor has done business with will not do a loan for a studio. In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. 503. Call ☎ (800) 697-4371 info@afbcarolinas. RDunn@remn. Welcome to Alpha Mortgage, the trusted name in home loans and mortgage solutions. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. Owner Financing Available - Myrtle Beach, SC Home for Sale. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. Condotels are condominium projects, which are individually owned and operated as a hotel. 2207 S Ocean Blvd #809, Myrtle Beach, SC 29577. Petersburg CONDOTEL Financing. com to schedule your consultation. North Myrtle Beach, SC 29582. 75 (198) Superhost. Condo in Myrtle Beach. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. 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. $805,449. However, securing financing for such a unique property can be a complex process. CONDO SPECIALISTS. Bedroom in Myrtle Beach SC. 19 Properties in Myrtle Beach from $119,000. 4785 -1512 Taurus Ln. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. 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. 18, 2009. 4525-D Girvan Dr. 24 The Sandbar Hotel at 1804 S. For assistance call 843-839-9870 or text STOP to cancel. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. There are 1,691 properties for sale in the city of Myrtle Beach . * Infinity Pool &. Condotel Mortgage / Condo-Tel Financing / Condops. We also offer our Condo/Condotel Lender List and Closed Sales Histories. View Hotel. Check your spelling. Unit 839/840, Myrtle Beach $299,900. . ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. 0. Condotel-Loans Condotel Loan. com (843) 446-4663. You’ve contracted to purchase and now all you have to do is go back to. S Unit 816, Myrtle Beach — Coral Beach $170,000. 1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. Contact Information. 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. $590,000. This 3 bedroom, 2 bathroom condo at The Palms in Myrtle Beach has en. com (800) 697-4371. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. There are 2,731 real estate listings found in Myrtle Beach, SC. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. 1605 S Ocean Blvd, Myrtle Beach, SC. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. BridgeWell Capital professionals often finance investments in 10 days or less; no matter your current credit, financial, or employment situation. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Discover genuine guest reviews for Condotels at Coldstream Cove along with the latest prices and availability – book now. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. 2023. 5 baths. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. 1990 N Waccamaw Dr. . When autocomplete results are available use up and down arrows to review and enter to select. Receive the Beach Pro Team’s current list of local. Website. Bahama Sands Luxurious Oceanfront and Ocean View Condos. Beach Cove Resort offers two and three bedroom oceanfront condos. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. Long-Term Fixed or ARM Rates. is. DSCR calculations as low as zero are eligible for the program. Camelot By The Sea - Myrtle Beach Condos for Sale. Good value. On a case by case scenario, even if the rental income is claimed on the schedule E, the property can be classified as a second home. . Established in 1985, Barefoot Rental Management provides residential property management services in Myrtle Beach as well as Surfside, Garden City, Murrells Inlet, North Myrtle Beach, Conway, Carolina Forest, and Little River. Mortgages for Condos and Condotel financing in Myrtle Beach. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. Fannie Mae does not mind nightly. Top Rated. S. - Homes for sale presented by the Beach Pro Team: 843. Our services encompass condotel loans and loans for non-warrantable condo projects. Island Vista Oceanfront Resort - Traveler rating: 4. 1 Baths. 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. Most of the Myrtle Beach oceanfront high rises are condotels. View property. 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. Thanks in advance. When people book a short-term rental, they typically. Owner Financing available for qualified buyers. Forums > South Carolina > Myrtle Beach - Conway area: Condotel purchase on the beach - Myrtle Beach User Name: Remember Me: Password. Read More. . Fast Closing and Flexible Underwriting. Real Estate Brad Emond July 8, 2020 Brad Emond Real Estate at Keller Williams Realty condotels , condotel , condo , condos ,. I found Condotel Financing at competitive rates Types of Mortgages Available Principle & Interest Mortgage Options. RE/MAX SOUTHERN SHORES NMB. This unit features a full kitchen equipped with a full size fridge, rang. Financing a myrtle beach condotel. 2 reviews. Pre-Sale Studio and 1 Bedroom Orlando Condo Hotel. 1 Baths. Loan Products. Get a quote Or, call 1-855-347-3939. Toll Free: 1-888-667-1772. Condo Financing and Condotel Mortgages. Powered By Inquiries. Myrtle Beach, SC 29577. LOAN. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. - Homes for sale presented by the Beach Pro Team: 843. Sometimes one size doesn’t always fit all. 1105 S Ocean Blvd. 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. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. Coral Beach Features and Amenities. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. 455. Ocean Blvd. . net. TRV69318---. The project. Columbia SC. Condotels are condos that are run as resort properties and offer amenities such as check-in desks, maid services, room service, etc. If you need a Condo Hotel purchase mortgage loan or a Condo Hotel refinance mortgage loan, please contact us at Gustan Cho Associates at 1. - Homes for sale presented by the Beach Pro Team: 843. New Changes To Condo Lending as of Dec 7th, 2020. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. 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. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. Guthrie "Always Mobile" (843) 446-3444. 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. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. Setup fee. 4785 -. When you're ready to buy, we'll be here to help. 3 bds; 2 ba; 1,501 sqft - For sale by owner. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. GREY AREA. This ground level 2-bedroom condo is located. Roy Dunn – Coastal Financing Guru. 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. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. 00. com. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. * Only AAA 4 Diamond, 5 Star Resort in the area. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Breakers Resort - Myrtle Beach Condos for Sale. 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…. FOR SALE BY OWNER 0. Quiet cul de sac location. 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. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. 455. South Bay Inn & Suites: 520 N. Unfortunately, your hometown lender is not going to have such a program but the lenders on our list will. Financing/Investment. Regarding how you like to bank, we know one size doesn’t always fit all. The Ashworth Condos For Sale. North Myrtle Beach, SC 29582. 2ba. 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!!. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. View our MLS Listings and find your dream vacation condo, beach house, or investment land in Myrtle Beach 1-844-339-87661515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. 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. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. Written by jpinkas on August 17, 2018. Now we’re seeking a publicly traded condotel management company. . Units require at least a true 1 bedroom. Subject property needs to be 100% residential (or livable) The units need. Myrtle Beach. At Bankoh Investment Services, we take the time to get-to-know you and understand your financial needs and goals. ABC Mortgage Company is located in Myrtle Beach, serving Horry County, Georgetown County along with the rest of the state of South Carolina. 455. 813 2nd Ave N. info@afbcarolinas. Coveted. Featured Resorts in Myrtle Beach, SC Bay View Resort. - Homes for sale presented by the Beach Pro Team: 843. At MortgageDepot, we have access to a program designed especially for our clients who want to own a piece of paradise. Which condo hotels in North Myrtle Beach are good for families?1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. However, securing financing for such a unique property can be a complex process. 1% over the past year and Zillow predicts they will fall -2. Source: acmg. 32 days on Zillow. CONDO RESOURCES. Posted in Myrtle Beach Condos For Sale, Myrtle Beach Real Estate. 3bd. 201 N 74th Ave. Print . Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. (843) 796-1358. CONDO SPECIALISTS. It sounds like Vegas. This unit features a full kitchen equipped with a full size fridge, rang. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. The dog-friendly winter rentals are available at reduced off-season rates. We also offer. 4066-C Taranto Loop UNIT 5203-C Myrtle Beach in Bella Vita Garden Homes - View all 22 photos. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. By Alison Gregor. For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. 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. 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. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. 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. Now we’re seeking a publicly traded condotel management company. Any recommendations for lenders who offer 20% down on condotels. 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. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. ★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,. ) Purchase, R&T and C/O Refinance; Full Documentation Only; 680 FICO Minimum; Fixed 30 & 15; ARM: 3/1, 5/1, 7/1; 80% LTV to $625K max. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. info@afbcarolinas. Developers Reconsider the ‘Condotel’. When this happens, I am able to obtain a regular,. Sellers are permitted to pay up to 6% of closing costs. So I was wondering what the reasoning was behind such a high interest rate on condos? 10% is super high. com. -1. At Movement Mortgage, we do offer condotel financing if the building is indeed a true condotel. This document expresses the opinion of Gene Carter, CDPE. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. $189,000 and up - Condo Hotel. 965 Condos For Sale in Myrtle Beach, SC. No appointments necessary. 106 Birch N Coppice Dr. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. Former Atlantic Beach town manager William Booker, who owns the 3310 Highway 17 S. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. com (800) 697-4371. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. About the Condotels Golf Colony. North Myrtle Beach, SC 29582. North Myrtle Beach Waterfront/Oceanfront Condominiums for Sale. 1105 S Ocean Blvd. 9. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». November 30, 2023. 9700 Kings Rd. The CondoLux staff is very helpful on the phone and at the office. A condotel combines short-term living units like a hotel and ownership units like a condo. These rentals, including the outside marketing of them, are handled directly by the management company. (843) 315-2535. Seller will provide a generous painting allowance. Condo For Sale In Myrtle Beach, South Carolina. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. 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. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. UNIT #1101 North Myrtle Beach in North Shore Villa - View all 40 photos. 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. Doug Shaw Memorial Stadium. 4785 -The average rent price in Myrtle Beach, SC, is $1,315. Our business is dedicated to providing those in beautiful Myrtle Beach with personalized, outstanding property management services. User Stats. However, I'd really like to keep it at the 20% mark. In addition to the requirements above, any project with one or more of the following characteristics is ineligible. 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!!. * Premiere Fitness Center. Unit 1008, North Myrtle Beach — Prince Resort $355,000. The condo can even be 5 miles from the “check-in desk”. 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. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. 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. $350,000. com®. Brittany Baker Poster Pro. North Myrtle Beach, SC 29582. info@afbcarolinas. 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. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 30-year fixed. Blissful Mortgage Condo loans. W. Myrtle Beach / Columbia; Myrtle Beach / Columbia. LOCATION. 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,. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. A condotel essentially is a condo that can be rented either by the night, the week, the month or multiple months, and is similar to that of a resort as the building has a front desk where people can walk up to book or rent a unit. Our Mortgage Experts. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. S - Koa Campground in Myrtle Beach - 2 bd 2 ba 0 ½ ba. Common questions are answered to help inform you about the way our ocean front condo market operates. Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. Condo For Sale $235,000. 2 units occupied and the third is having work done on it now. $242,900. especially in a popular tourist destinations like Myrtle Beach. » Hotels in Myrtle Beach. Popular attractions Blackmoor Golf Club and The International Club of Myrtle Beach are located nearby. North Myrtle Beach, SC 29582. Free parking. #7 of 8 condos in Garden City Beach. Investment Property - Myrtle Beach, SC Home for Sale. . Located on the 10th floor in the Palmetto building, this. 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. A condotel is a combination of a condominium and a hotel and is a unique type of property ownership. Condo For Sale $159,900. 60%. Leave a Review/Comment Cancel reply. 3rd Bedroom: 1 king bed, hallway bath. . Unit owners also have the option to place their. (843) 444-LOAN (5626) Home. 2nd Bedroom: 2 double beds, attached bath. Best-located and Equipped North Myrtle Beach Condos. Just as importantly, you should know that loans for condos usually come with slightly higher interest rates. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626) 1830 Marion St. 455. A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Condo For Sale In Myrtle Beach, South Carolina. 6 Listings from $218,000. 2013 New Condotel Financing; Loan Process. North Myrtle Beach, SC 29582. com. High LTV and Interest-Only Options. If you would like more information on condos or condotels in the Myrtle Beach, SC area, reach out to me. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. SEARCH OUR SITE. Despite these challenges, condotel financing can be a lucrative investment if managed correctly. These could have serious impacts on getting loans in South Carolina, especially in coastal beach towns like Myrtle Beach where highrise oceanfront condos are so integral to their economy. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. Condo for Sale in Myrtle Beach, SC: Beautifully decorated furnished 3 bedroom 2 bath 1st floor end unit with screen porch overlooking the pond & fountain. 20%. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. ft. Personal Banking. Please call us at (786) 220-1100 or email info@lendingbankers. Condotel loans are available for up to $1. 4. With a private balcony, these level 3 condominiums are angle oceanfront units. 1 Bed. 2000 Hwy 17 S. It offers short-term rentals for occupants, and it also maintains a front desk. Condo in Myrtle Beach. 2 Beds. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major.