Owner Financing available for qualified buyers. . User Stats. 201 N 74th Ave. 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. View property. 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. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. Long-Term Fixed or ARM Rates. Financing/Investment. A condohotel, or a condo hotel as it is also called, is a unique type of residential and rental property. 2 bds; 2 ba; 1,158 sqft - Condo for sale. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. facebook; linkedin;. When you're ready to buy, we'll be here to help. 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. Call ☎ (800) 697-4371. Welcome. Bridge Financing. Myrtle Beach - Click Below For Columbia; Columbia, SC - Click Below for Myrtle Beach; 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN. After all annual fees are paid ie. , Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455We would like to show you a description here but the site won’t allow us. Get a condo insurance quote online or call for advice. OK Myrtle Beach Hard Money Lender, BBB A+ Rated, Excellent Rehab Program for Fix-to-Flip Projects. 08260, Wildwood Crest, Cape May County, NJ. Lauderdale, FL, etc. First Last. 7, 2023. 5905 S Kings Hwy Unit A418, Myrtle Beach, SC 29575 is for sale. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach North End Oceanfront Real Estate News, one of the 50 versions of our e-newsletter. 843. We also offer. 29577, Myrtle Beach, Horry County, SC. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. A Condotel Loan (condo hotel, condo-tel, Condo Hotel Financing, etc…. Call ☎ (800) 697-4371. Contact us today and let Alpha. 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. (843) 444-LOAN (5626) wp@444loan. Mortgages for Condos and Condotel financing in Myrtle Beach. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. But what is a condominium hotel or condotel? A condo-hotel is a new trend in the Myrtle Beach. 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. We also offer. 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. (843) 492-4030. Categories > Condo Hotels for Sale in Waikiki. . 455. $364,900 USD. To be in. 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. When people book a short-term rental, they typically. Discussion of potential solutions. Lauderdale, FL, etc. 00. $239,900. Posted Mar 20 2023, 12:00. Demise Of Condotel Financing After Real Estate Meltdown. . Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. Roy Dunn – Coastal Financing Guru. Sea Mist offers indoor & outdoor pools, a large water park, hot tub/spa, wading pool, lazy river, sun decks, mini golf, 90 seat movie t. 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. High rise condos overlooking beautiful stretches of coastal shoreline have long been a favorite type of real estate for second homes, vacation…A condotel is a hybrid between a condominium and a hotel that lets owners enjoy the unit (and the property’s on-site amenities) themselves as well as generate income by offering it as a short-term rental property. 4856 Magnolia North Carnation Circle, Unit: 304, Myrtle Beach, SC 29577. . Financing/Investment. 455. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. If you would like more information on condos or condotels in the Myrtle Beach, SC area, reach out to me. . I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. Ripley's Aquarium of Myrtle Beach. . Located on the 10th floor in the Palmetto building, this. 4785 -. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. North Myrtle Beach, SC 29582. SEARCH OUR SITE. 2000 Hwy 17 S. Long-Term Fixed or ARM Rates. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. 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. Buying a condo is a lifestyle choice. 455. Ocean Blvd. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. Generally, I am able to review the condo project, and determine that the out-of-market lender is incorrectly classifying the condo project as a condotel. is a licensed lender. 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. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. [email protected] a larger selection of condo types - we lend on a wide variety of condo developments, including new construction and conversion projects. 2000 Highway 17 S. net. 00, with the average rent median estimated to be $1,250. is a licensed lender. Myrtle Beach, SC has numerous condotel units that are incredible and can be incredibly lucrative for you, but you have to know where to find them and what to look for. This unit features a full kitchen equipped with a full size fridge, rang. . Financing Your New Home in Myrtle Beach. Poster. The CondoLux staff is very helpful on the phone and at the office. 2318867 MLS. . Adam Benson The Sun News. Most of the Myrtle Beach oceanfront high rises are condotels. Sea Mist Eff/1BA oceanview condo. 426%. 2013 New Condotel Financing; Loan Process. com. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. 4785 -1512 Taurus Ln. $242,900. Here to help. Bahama Sands Luxurious Oceanfront and Ocean View Condos. U. 201 74th Ave N #2731, Myrtle Beach, SC 29572. A condotel allows you to be an owner without the stress of maintenance. Gene Carter: Cell 843-455-4785. Island Vista Oceanfront Resort - Traveler rating: 4. 303% for a 15-year fixed, and 7. The condo can even be 5 miles from the “check-in desk”. However, securing financing for such a unique property can be a complex process. North Myrtle Beach, SC 29582. This efficiency ocean view unit has a spectacular view down The Myrtle Beach coastline with a North Sunrise view. * Conveniently Located near Myrtle Beach & North Myrtle Beach courses & attractions. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. This document expresses the opinion of Gene Carter, CDPE. 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. You don’t have to mow the lawn or worry about shoveling snow. com (800) 697-4371. Myrtle Beach, SC 29572Apache CampgroundResidential. 426% for a 30-year fixed, 6. 4712 Cobblestone Dr. is an equal housing lender. Featured Resorts in Myrtle Beach, SC Bay View Resort. . Office: 800-872-4488. 3500 N Ocean Blvd (Prince Resort I), 3601 N Ocean Blvd (Prince Resort II), North Myrtle Beach, SC 29582. Enjoy an in-room DVD player, a TV, and cable/satellite TV. November 30, 2023. 1. 10 days on Zillow. 1105 South Ocean Blvd, Myrtle Beach, SC 29577. By Alison Gregor. Qualification based on Property Income, Not Your Income. Some Myrtle Beach real estate agencies can only show certain areas, but we are not restricted. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. Condotel Financing Guidelines. ★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,. com®. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. A condotel is a. GRAND STRAND COASTAL REALTY. …. We also offer our Condo/Condotel Lender List and Closed Sales Histories. * 5 Star Steak House Restaurant on-site. 1 bathrooms. 504 N Ocean Blvd Unit 708A&B, Myrtle Beach, SC 29577. 2 bedrooms. Fast Closing and Flexible Underwriting. 5905 South Kings Hwy Unit A418, Myrtle Beach, SC 29575. Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort. It offers short-term rentals for occupants, and it also maintains a front desk. Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. 20%. 30 Year Fixed. We also offer our Condo/Condotel Lender List and Closed Sales Histories. $350,000. 1515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. Myrtle Beach, SC 29577. *A $250 refundable cash security deposit is required upon check-in for this unit type. Condotel Loans. 387 sq ft. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. W. 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. The condo can even be 5 miles from the “check-in desk”. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. Special offer. 2151 Bridgeview Ct. Bedroom in Myrtle Beach SC. No appointments necessary. 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. Condo For Sale In Myrtle Beach, South Carolina. Expanded Investor Loans. Long-Term Fixed or ARM Rates. LOCATION. ) 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. I know most of them are those condoels which apparently is an old term, but looking for insight. What a unit owner owns is typically different than what a unit owner owns in a typical. Help getting approved for a mortgage loan for a condo in Myrtle Beach SC (Also applies to all condos in SC). UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. Owner Financing Available - Myrtle Beach, SC Home for Sale. 3 baths. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. 4785 - Home; Search MLS. 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. 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. Those. The Ashworth Resort 102 N Ocean Blvd North Myrtle Beach, SC. We offer 3/1 ARM, 5/1 ARM, and 7/1 ARM Condo Hotel Mortgage Loan Programs, amortized over 30 years. RDunn@remn. 4785 -Personal Banking. Call ☎ (800) 697-4371. Easily calculate a Myrtle Beach mortgage for all types of home loans including; first mortgages, second home loans, condotel financing in myrtle beach, investment. A condo insurance policy protects what your homeowners association (HOA) doesn’t. Andrew Bay converge – Panama City Beach is a favorite of travelers seeking an affordable beach vacation with year round offerings. 537 Sq. 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. Condotels are condominium projects, which are individually owned and operated as a hotel. Even if we can’t help ourselves, we may be able to point you in the right direction. LOAN. Unit 839/840, Myrtle Beach $299,900. Sqft, n/a. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. 33. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. Our local team of experienced financial advisors will work with you to develop a customized financial plan tailored to help you. Marriott's OceanWatch Villas at Grande Dunes - Traveler rating: 4. 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. 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. There are 1,691 properties for sale in the city of Myrtle Beach . Outdoor property amenities are not always available. 75 (198) Superhost. Or email us at gcho@gustancho. 1 Beds. 1 Listings from $649,900. (843) 903-3550. 444. Sellers are permitted to pay up to 6% of closing costs. Come and. For your protection, do not email your Account Number (s) or Social Security Number. washer and dryer recently. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. R. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. Myrtle Beach, SC 29579; Office: 800. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator; Blogs. The house always wins. Investment property loans Commercial & Residential Condo Hotel Loans. 5 million. com; Mon-Fri 8am - 5pm Sat-Sun Closed; Car Insurance; Home Insurance; Life Insurance; Motorcycle Insurance; Condo & HO6; Flood Insurance; Golf Cart Insurance; Renter's Insurance; Contact Us. Condotel financing terms. 29582, North Myrtle Beach, Horry County, SC. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. RE/MAX SOUTHERN SHORES NMB. Unit owners also have the option to place their. Come and. No appointments necessary. Miami CONDOTEL Financing. I. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. View property. Sand Dunes Resort Condos For Sale. Teressa Carter: Cell 843-455-4787. 1 Baths. DSCR calculations as low as zero are eligible for the program. (843) 796-1358. Owner Financing Available - Myrtle Beach, SC Home for Sale. 1,045 Sq Ft. Guthrie "Always Mobile" (843) 446-3444. Search our selection of vacation condos and homes from Litchfield Beach to the south-end of Myrtle Beach. As the best rated local lender since 1983, we offer a wide range of financing options tailored to your needs. 60%. Investment property loans Commercial & Residential Condo Hotel Loans. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact . 1890 Auburn Ln, Myrtle Beach, SC 29575. 0. Whether you are looking for exciting watersports or to dance the night away at Broadway at the Beach, The Caravelle. Monthly Real Estate News; Local News. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. Live like a pampered guest in a Honolulu. Colorado Springs CONDOTEL Financing. Blog Author and CEO. Please call us at (786) 220-1100 or email info@lendingbankers. Find oceanfront condos for sale in Myrtle Beach, SC like a real estate agent! Exclusive access to condominium listings near the ocean in Myrtle Beach, South Carolina!Myrtle Beach. 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. 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. 475 sq ft. 8 Listings from $174,900. Qualification based on Property Income, Not Your Income. - Homes for sale presented by the Beach Pro Team: 843. 345 sq ft. Financing/Investment. 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. North Myrtle Beach. 4785 -. 904 62nd Ave. Much nicer than our friends place down the road in ocean village. 3 Baths. . By Adam Benson. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. You’ve contracted to purchase and now all you have to do is go back to. 1 Beds. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. , Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455Myrtle Beach. Seller willing to owner finance! Introducing this ocean view efficiency condo in the most fun place to stay in Myrtle Beach. 1 bd; 1 ba; 537 sqft - Condo for sale. Visit hotel website. Read More. Unit 420, Myrtle Beach — Coral Beach $155,000. NEW - 4 HRS AGO FOR SALE BY OWNER. I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. 1210 Absolute Beach. 12230 World Trade Drive Suite 250 San Diego, CA 92128. . 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. This is a Condotel, and you must abide by the Wildwood Crest Ordinance which is located in Associated Docs. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. November 1, 2023. With a private balcony, these level 3 condominiums are angle oceanfront units. SOUTHERN COAST INSURANCE GROUP INC 4420 Oleander Dr Ste 104 Myrtle Beach, SC 29577 Get Map Phone: 843-839-5076 Fax: 843-353-0785 Contact Us2 BDS | 2 BA | 1,100 SQFT. 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. Now, with a population of 30k permanent residents and. Full pet policy & more. 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…. Condotels are condos that are run as resort properties and offer amenities such as check-in desks, maid services, room service, etc. Condo Financing and Condotel Mortgages. 5/5. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. Petersburg CONDOTEL Financing. Patricia Grand Resort Hotel welcomes two dogs up to 20 lbs in designated rooms for an additional fee of $20 per pet, per night (up to $150 per week). Asset Depletion. Anderson Ocean Club. 6. Receive the Beach Pro Team’s current list of local. Contact Information. Print . 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,. 1 bed. Frequency of contact may vary and message and data rates may apply. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. Myrtle Beach Condos with an Angle Oceanfront View. 455. 1025 Highway 17 South. North Myrtle Beach, SC 29582 (843) 444-LOAN (5626) wp@444loan. It offers in size, 1 beds and 1 baths. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. 455. Many property owners also use their Myrtle Beach condotel for personal use. Subject property needs to be 100% residential (or livable) The units need. (843) 315-2535. which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. 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 v Contact Us. 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. Myrtle Beach, SC 29579; Office: 800. 9670 Shore Dr. 6 Listings from $218,000. Many national, big named banks will not finance a condotel. Condotel properties must have a full. $242,900. Welcome to your dream home at Apache Campground! This beautiful, new home is situated on a corner lot and offers plenty of space. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. info@afbcarolinas. Get in touch with a Myrtle Beach real estate agent who can help you find the home of your dreams in Myrtle Beach. 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. Written by Jerry Pinkas on June 8, 2018. Typically, each of the units within a condotel is sold to an individual owner. This 3 bedroom, 2 bathroom condo at The Palms in Myrtle Beach has en. Beach Pro Team, Gene Carter REALTOR. #K-3. Owner Financing available for qualified buyers. 106 Birch N Coppice Dr. 2 bedrooms. $387,000. 2 bathrooms. Page 2Pamela D. Florida for $50,000 close by the beach. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. 2000 Highway 17 S. 37 ACRES. 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. * Premiere Fitness Center. Don't.