Low-Down-Payment loans : FHA. At Bankoh Investment Services, we take the time to get-to-know you and understand your financial needs and goals. The condo can even be 5 miles from the “check-in desk”. No appointments necessary. 5/5. Amenities Photos Map View Reviews FAQs. 3 br, 2 ba, 1930 Tot. 00. Every lender has its own lending requirements on condotel financing. 387 sq ft. Myrtle Beach, SC 29579; Office: 800. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. 3 Baths. Overbuilding. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. Today’s mortgage rates in Myrtle Beach, SC are 7. Myrtle Beach Resort - Renaissance Tower - Surfside Condos for Sale. Touch device users, explore by touch or with swipe gestures. S Unit 816, Myrtle Beach — Coral Beach $170,000. 107 Toby Ct. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. 1990 N Waccamaw Dr. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. This document expresses the opinion of Gene Carter, CDPE. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. Condos and Homes for Sale in Myrtle Beach. I know most of them are those condoels which apparently is an old term, but looking for insight. We also offer our Condo/Condotel Lender List and Closed Sales Histories. Qualification based on Property Income, Not Your Income. Just as importantly, you should know that loans for condos usually come with slightly higher interest rates. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. » Hotels in Myrtle Beach. 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. 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. Help getting approved for a mortgage loan for a condo in Myrtle Beach SC (Also applies to all condos in SC). MORTGAGE CALCULATOR. 2 bds; 2 ba; 1,158 sqft - Condo for sale. 991 38th ave n, myrtle beach, sc, 29577. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. However, securing financing for such a unique property can be a complex process. Long-Term Fixed or ARM Rates. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. Former Atlantic Beach town manager William Booker, who owns the 3310 Highway 17 S. 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. com. *A $250 refundable cash security deposit is required upon check-in for this unit type. 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,. Myrtle Beach - Click Below For Columbia. 3 Beds. Stay at this business-friendly hotel in Murrells Inlet. Now we’re seeking a publicly traded condotel management company. Condo For Sale In Myrtle Beach, South Carolina. Grand Theatre and Art Museum of Myrtle Beach are cultural highlights, and some of the area's attractions include SkyWheel Myrtle Beach and Wild Water and Wheels. (843) 945-1880. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. Questions: 803-998-1000. We also offer. 1515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. North Myrtle Beach, SC 29582. (866) 803-2853. . At MortgageDepot, we have access to a program designed especially for our clients who want to own a piece of paradise. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. 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. 813 2nd Ave N. 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 Available - Myrtle Beach, SC Home for Sale. Write a review. . Bay View Resort - Myrtle Beach Condos for Sale. 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. 4785 -When it comes to planning for your financial future, there is no such thing as one-size fits all. Long-Term Fixed or ARM Rates. Master bedroom has 2 closets. com. Typically, each of the units within a condotel is sold to an individual owner. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. . Financing Condos in Myrtle Beach. For your protection, do not email your Account Number (s) or Social Security Number. Current condo mortgage rates. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. The list is categorized by the types of loans each. (843) 213-1720 (843) 213-17274066-A Taranto Loop UNIT 5101-A Myrtle Beach in Bella Vita Garden Homes - View all 39 photos. 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. com®. 3 bedroom, North Myrtle Beach SC 29582. 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. It offers in size, 1 beds and 1 baths. 2 mi (16-min drive) away from the Myrtle Beach Intl. Sometimes one size doesn’t always fit all. 1025 Highway 17 South. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. . Borrowers can also email me at gcho@gustancho. Leave a Comment. DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. 29450, Mount Pleasant, Charleston County, SC. Although. 813 2nd Ave N, North Myrtle Beach, SC 29582. Until, you find out, usually the week before closing, the underwriter for the lender, says they don’t do condotels, they only finance condos! Seen it happen hundreds of times with inexperienced real estate agents and consumers. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. Your email address will not be published. Receive the Beach Pro Team’s current list of local. #K-3. (843) 796-1358. Maximum 75% LTV. Popular attractions Grand Theatre and Magnolia Lake are located nearby. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. 2nd Bedroom: 2 double beds, attached bath. Loan Amounts to $417,000. Investor. 455. LOCATION. 1905567 MLS. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. LOAN. It sounds like Vegas. Coral Beach Bldg. The Atlantic Beach Town Council will soon take a final vote to rezone land for the $80 million project. We consider loan-to-value ratios of up to 65%. The house always wins. $242,900. And at Aaron Miller Insurance, we’re always here to help, contact us today! At Aaron Miller Insurance we’re here for you, and we’ll work to get you the best deal possible. Condotel loans are available for up to $1. 2009. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. Developers Reconsider the ‘Condotel’. In this article, we will explore the key. $244,900. Financing a myrtle beach condotel. 161 Seawatch Drive, Myrtle Beach, SC 29572. Inquiries. 5 million. 5/5. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. Bedroom in Myrtle Beach SC. Show more. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. is. Trackback. 2 Beds. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. 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. . Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. Condotel financing terms. An. S - Koa Campground in Myrtle Beach - 2 bd 2 ba 0 ½ ba. - Homes for sale presented by the Beach Pro Team: 843. Featured Resorts in Myrtle Beach, SC Bay View Resort. Another question I get asked all the time is what is a condotel? Condotel versus condo? A condotel is a condo that can be rented by the night, by the week, o. Department of Housing and Urban Development | 451 7th Street S. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. 904 62nd Ave. Wells Fargo Bank. Minimum down payment of 15%. 9. VA Loans. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. A condohotel, or a condo hotel as it is also called, is a unique type of residential and rental property. is an equal housing lender. 10 days on Zillow. Island Vista Oceanfront Resort - Traveler rating: 4. is a licensed lender. Come and. Brittany Baker Poster Pro. Contact Information. Myrtle Beach City Manager John Pedersen previously told The Sun News such an exception would be made since many of Myrtle Beach’s hotels are condotels with rooms. 18, 2009. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. Written by jpinkas on August 17, 2018. Financing Your New Home in Myrtle Beach. Unit 839/840, Myrtle Beach $299,900. Compare different loan programs, rates, and down payments for your new. Hard Rock Cafe Myrtle Beach. View 28 photos of this 1 bed, 1 bath, 581 sqft. 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. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. 4785 -. . Barefoot Rental Management 4999 Carolina Forest Blvd, Suite 12, Myrtle Beach, SC 29579. Now we’re seeking a publicly traded condotel management company. Best Western Ocean Sands Beach Resort - Traveler rating: 4/5. However, I'd really like to keep it at the 20% mark. North Beach Plantation. 6 Listings from $218,000. I am looking at Myrtle Beach for my first property. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. . Any recommendations for lenders who offer 20% down on condotels. Gene Carter, CDPE Myrtle Beach Real Estate Sales 1-800-872-4488 GeneCarter@BeachProTeam. Com Listing ID: bey15047---. 75 (198) Superhost. 1,045 Sq Ft. 201 74th Ave N #2731, Myrtle Beach, SC 29572. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. Our services encompass condotel loans and loans for non-warrantable condo projects. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. Specific property information is deemed reliable but is not guaranteed. Financing CONDOSin Myrtle Beach. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. High LTV and Interest-Only Options. 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. 2207 S Ocean Blvd #809, Myrtle Beach, SC 29577. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. S. 455. 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. TRUE Private Money! Close in as little as 10 Days, No FICO Min. The most recent sale had a number of twists and turns. . Forums > South Carolina > Myrtle Beach - Conway area: Condotel purchase on the beach - Myrtle Beach User Name: Remember Me: Password. Depart. com (800) 697-4371. Owner Financing available for qualified buyers. 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. Barefoot Commons Branch. Bay View Resort. Put our experience to work for you - our in-house condo team checks the financial soundness of the condo project. And that. Unit 839/840, Myrtle Beach $299,900. Thanks so. Monthly Real Estate News; Local News. However, securing financing for such a unique property can be a complex process. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. info@afbcarolinas. 2000 Highway 17 S. A condotel combines short-term living units like a hotel and ownership units like a condo. As the best rated local lender since 1983, we offer a wide range of financing options tailored to your needs. 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. 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. Condo in Myrtle Beach. 2 bedrooms. -1. Welcome to 2500 N Ocean Blvd, this gorgeous oceanfront condo has endless views of the Atlantic Ocean. 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. Written by Jerry Pinkas on June 8, 2018. 33. Owners use short-term rentals to generate income, listing them on platforms. Apply Now and Get a Quote Today! Get more details. The largest property for sale is 3,174 sqft and smallest 307 sqft. - Homes for sale presented by the Beach Pro Team: 843. Portfolio Financing for Condos and Condotels. Grand Strand Coastal Realty. High LTV and Interest-Only Options. 2318867 MLS. 5 million. Born in the talons of Jim Crow, Atlantic Beach was established in 1934 after entrepreneur George Tyson gave the county a $2,000 down payment for development rights on 47 acres between 29th and. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Myrtle Beach, SC 29579; Office: 800. 4712 Cobblestone Dr. Condotel: A condominium project that is operated as a hotel with a registration desk, cleaning service and more. A setup fee, or onboarding fee, is the first fee you might run into. Categories > Condo Hotels for Sale in Waikiki. Receive the Beach Pro Team’s current list of local condo and. 1207 S Ocean Blvd. 974% for a 5-year adjustable-rate mortgage (ARM). * Conveniently Located near Myrtle Beach & North Myrtle Beach courses & attractions. I am looking at Myrtle Beach for my first property. . . 9700 Kings Rd. Condotel loans are available for up to $1. 18, 2009. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. Give us a call 843-839-9870. Condotel at 10% APR?? Mike Dawson. 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. When this occurs, we can offer. You’ve contracted to purchase and now all you have to do is go back to. Get started with a free quote today. 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. Despite these challenges, condotel financing can be a lucrative investment if managed correctly. Located on the 10th floor in the Palmetto building, this. 2 units occupied and the third is having work done on it now. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Good value. (843) 800-8484. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. Airport (MYR) airport, the closest popular airport to the property. Unit 50905, Myrtle Beach — Sea Mist $47,000. 2 Baths. We allow a combined loan-to-value ratio (CLTV) of up to 85%. These could. 107 Toby Ct. 12230 World Trade Drive Suite 250 San Diego, CA 92128. 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. Pet Friendly. 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. Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort. Condo Financing and Condotel Mortgages. 2 bathrooms. $242,900. 1,654 sq ft. [email protected]. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. 1 Baths. The financing assumes a 20% down payment and 20-year term. Currently, the condotel purchase market in South Beach, Panama. 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,. 1 Baths. In this article, we will explore the key. Premium. 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. Condotel Mortgage / Condo-Tel Financing / Condops. Financing/Investment. * 5 Star Steak House Restaurant on-site. Enjoy the. An up to date guide to the Myrtle Beach real estate market including foreclosures and short sales. Great location!!!! just minutes from the beach, broadway at the beach, tons of dining options and golf courses. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. Apply Now and Get a Quote Today! Get more details. 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!!. Super comfortable and fully furnished, this u. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. , Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455Myrtle Beach. Stay in touch with us at 843-999-0575 or email. 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. . N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. The CondoLux staff is very helpful on the phone and at the office. 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. With more than 400 properties, Garden City Realty has a beach rental. Many of those visitors that come, buy and sell real estate which generates hundreds of millions of dollars in tax revenue for the state of SC. . 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. A condotel allows you to be an owner without the stress of maintenance. Financing/Investment. com®. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. Colorado Springs CONDOTEL Financing. 2 Bed. Bluewater Resort - Myrtle Beach Condos for Sale. FOR SALE BY OWNER 0. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. 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. 32 days on Zillow. 2. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. Condotel Financing Guidelines. CONDO RESOURCES. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. Breath taking views from unit 708, a direct oceanfront 2 bedroom 2 bath lockout condo in the highly desirable Bay View Resort. 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 is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. Or email us at gcho@gustancho. Best-located and Equipped North Myrtle Beach Condos. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. . Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. Fix and Flip Loans. Live like a pampered guest in a Honolulu. Myrtle Beach, SC 29572Apache CampgroundResidential. 4785 -1512 Taurus Ln. Contact CondoLux’s Myrtle Beach Condo Sales Team or call (800) 624-6418, we represent vacation property all over the Grand Strand and your needs will be handled by the best professional who can service your. 5/5. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. location of a barber shop, has sued a candidate running for council on Nov. 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. The Caravelle Resort: 6900 N. 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. Nov 23, 2023 - View the Best vacation rentals with Prices in North Myrtle Beach. Coral Beach Bldg. Miami CONDOTEL Financing. S Unit 816, Myrtle Beach — Coral Beach $170,000. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. . FOR SALE BY OWNER 0. Trackback from your site. Condotel Financing Myrtle Beach, etc. 303% for a 15-year fixed, and 7. 455. SEARCH OUR SITE. 13 Myrtle Beach Boardwalk Condos for Sale. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. Apply. You can contact the owner directly at. Ripley's Aquarium of Myrtle Beach. The money you make from the rental can help you offset some of the costs and often create extra revenue. 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. Contact Us Today To Get Started. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. 1. Doug Shaw Memorial Stadium. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. However, securing financing for such a unique property can be a complex process. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. 1601934 MLS. 5/5. Our. . Qualification based on Property Income, Not Your Income.