All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. (843) 444-LOAN (5626) wp@444loan. Bluewater Resort - Myrtle Beach Condos for Sale. Condotel loans are available for up to $1. com. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact . it's equipped with all. Amenities Photos Map View Reviews FAQs. 1033 World Tour Blvd UNIT 105, Myrtle Beach, SC 29579. FOR SALE BY OWNER 0. 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. City-Data Forum > U. 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 main point to consider when buying an oceanfront condo is the location. For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. We also offer our Condo/Condotel Lender List and Closed Sales Histories. The largest property for sale is 3,174 sqft and smallest 307 sqft. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. 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. MORTGAGE CALCULATOR. This 3 bedroom, 2 bathroom condo at The Palms in Myrtle Beach has en. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. Thanks in advance. Brittany Baker Poster Pro. We offer 3/1 ARM, 5/1 ARM, and 7/1 ARM Condo Hotel Mortgage Loan Programs, amortized over 30 years. First Last. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. 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. condotel financing situation is “as good as it gets!” A little-known “secret” is that condotels (condos in developments with check. I know most of them are those condoels which apparently is an old term, but looking for insight. $350,000. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. Now we’re seeking a publicly traded condotel management company. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. 2ba. 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. LOCATION. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. Explore the Coral Beach condos for sale in Myrtle Beach SC. View 28 photos of this 1 bed, 1 bath, 581 sqft. 3rd Bedroom: 1 king bed, hallway bath. Bahama Sands Luxurious Oceanfront and Ocean View Condos. Foreign National Loans. A condohotel, or a condo hotel as it is also called, is a unique type of residential and rental property. $242,900. Condotels. 843. The HOA or the project’s legal documents require unit owners to share profits from the rental of units with the HOA, management company, or resort, or hotel rental company. $499,000. 4856 Magnolia North Carnation Circle, Unit: 304, Myrtle Beach, SC 29577. Financing/Investment. ★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,. Condotel properties must have a full. North Myrtle Beach, SC 29582. 2 reviews. NEW - 4 HRS AGO FOR SALE BY OWNER. #K-3. 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. Contact GET THE CASH YOU NEED WITH A REVERSE MORTGAGE! 1. 2 Baths. is an equal housing lender. 1st Bedroom: 1 king bed, attached bath. This Spectacular One of Kind 4-bedroom villa has been completely updated (New Baths , Kitchen, Floors and Smooth ceiling) ) plenty of space with great views of the waterwa. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. 3bd. You don’t have to mow the lawn or worry about shoveling snow. 1890 Auburn Ln, Myrtle Beach, SC 29575. Great location!!!! just minutes from the beach, broadway at the beach, tons of dining options and golf courses. 4785 -Campobello, South Carolina 1 contribution 1 helpful vote. 33. 2 bedrooms. In this article, we will explore the key. This ground level 2-bedroom condo is located in the popular Seagate Village. $350,000. Condotels Golf Colony Resort. 37 ACRES. To view info on hundreds more resorts, go to our. Master bedroom has 2 closets. condo with a list price of $179000. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. For one, a condo mortgage usually requires extra steps and additional paperwork. Show more. 1207 S Ocean Blvd. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. (843) 315-2535. 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. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626) 1830 Marion St. Unfortunately, your hometown lender is not going to have such a program but the lenders on our list will. . 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. This efficiency ocean view unit has a spectacular view down The Myrtle Beach coastline with a North Sunrise view. 345 sq ft. . rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. 32 days on Zillow. …. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. Expanded Investor Loans. 2300 N Ocean Blvd. Enjoy an in-room DVD player, a TV, and cable/satellite TV. Financing/Investment. I've touched base with a lender who offers 25% and another lender who has 30% down. Provided Horry County. info@afbcarolinas. 29450, Mount Pleasant, Charleston County, SC. Condotels have hotel-like amenities and services – unlike the conventional condominiums. The Ashworth Resort 102 N Ocean Blvd North Myrtle Beach, SC. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach Downtown Oceanfront Condos Real Estate News, one of the 50 versions of our e-newsletter. 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. Thanks so. 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. CONDO RESOURCES. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Another Myrtle Beach hotel with towering views of the Atlantic Ocean is for sale. Dec. Ocean Blvd. Located on the 10th floor in the Palmetto building, this. His knowledge and expertise is second to none. . Source: activerain. In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. 2013 New Condotel Financing; Loan Process. Call ☎ (800) 697-4371. 7, 2023. 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. The spacious oceanfront and ocean view 2 and 3 BR floor plans feature granite. Ocean Blvd. Condotel loans are available for up to $1. Loan Products. Apply Now and Get a Quote Today! Get more details. Financing for Condos. Financing Your New Home in Myrtle Beach. 2 bedrooms. Owner Financing available for qualified buyers. 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. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. A condotel combines short-term living units like a hotel and ownership units like a condo. com. Pre-Sale Studio and 1 Bedroom Orlando Condo Hotel. 1 bath. Receive the Beach Pro Team’s current list of local condo and. 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. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. 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. 455. 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,. If you would like more information on condos or condotels in the Myrtle Beach, SC area, reach out to me. 1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach Downtown Oceanfront Real Estate News, one of the 50 versions of our e-newsletter. 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. Unit 704, Garden City Beach — One Ocean Place $408,500. Myrtle Beach, SC 29579. To be in. Whether you're a first-time homebuyer or an experienced investor, our expert team is here to guide you through the mortgage process. Coral Beach Bldg. About the Condotels Golf Colony. 5 million. The money you make from the rental can help you offset some of the costs and often create extra revenue. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. We also offer our Condo/Condotel Lender List and Closed Sales Histories. At MortgageDepot, we have access to a program designed especially for our clients who want to own a piece of paradise. Patricia Grand Resort Hotel. 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. A 10% downpayment is required and there are no prepayment penalties. Full pet policy & more. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. 813 2nd Ave N, North Myrtle Beach, SC 29582. Owner Financing - Myrtle Beach, SC Home for Sale. 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. THE EPITOME OF A LUXURY GOLF VACATION. $97 night. 201 74th Ave N #2731, Myrtle Beach, SC 29572. A condotel allows you to be an owner without the stress of maintenance. $242,900. Don't. The major difference between a condo and a condotel is that short term, nightly rentals are available in the latter. 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. - Homes for sale presented by the Beach Pro Team: 843. S. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. Even if you don’t fall into one of these categories but still need a mortgage, reach out for a conversation to see if we can help. Seaside Realty Company Broker In Charge, E-Pro Certified. ) 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. 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%. The financing assumes a 20% down payment and 20-year term. Unit 1008, North Myrtle Beach — Prince Resort $355,000. More Details. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. 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. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. 1,045 Sq Ft. Malibu Pointe Beach Club: 5 Listings from $285,000: Mar Vista Grande: 3 Listings from $769,500: North Beach Plantation: 17 Listings from $250,000: Prince Resort: 1 Listings from $372,900: Tilghman Beach And Golf Resort: 27 Listings from $320,000: More Myrtle Beach Condos for SaleBuying or selling a foreclosed condo in Myrtle Beach Area, SC,? Let The Harrelson Group help you in all your Myrtle Beach Area, SC foreclosed condominium needs. - Homes for sale presented by the Beach Pro Team: 843. For your protection, do not email your Account Number (s) or Social Security Number. facebook; linkedin;. Most posts I've seen on this topic are old. I found Condotel Financing at competitive rates Types of Mortgages Available Principle & Interest Mortgage Options. 2013 New Condotel Financing According to Zillow, the median home value in Myrtle Beach is $167,958 and home values have gone up 2. Of particular interest to many are "condotels," condos that operate like a hotel with staff, maid services, and offer another option for those looking to invest. Wells Fargo Bank. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. com®. Enjoy the. 455. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. 3 bedroom, North Myrtle Beach SC 29582. You can also use this residence for ready and steady rental income. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. View 24 photos of this 2 bed, 2 bath, 1045 sqft. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. They grossed roughly $44k in 2021 and had done $44k last year through October. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. 455. [email protected]. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. . NMLS #5645 These programs are available to only qualified borrow1105 S Ocean Blvd. Myrtle Beach Boardwalk, SC Home for Sale. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Beach Park Resort - Myrtle Beach Condos for Sale. 1025 Highway 17 South. Hopefully, now you understand why your regime fees will easily be $400 to $1500 a month (depending on what condo development) you own. 7/03/2020 - Zillow. . 3 bds; 2 ba; 1,501 sqft - For sale by owner. 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,. Condotel Financing Guidelines. RE/MAX SOUTHERN SHORES NMB. Financing/Investment. Located on the 10th floor in the Palmetto building, this. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. Some Myrtle Beach real estate agencies can only show certain areas, but we are not restricted. location of a barber shop, has sued a candidate running for council on Nov. Bridge Dale • 2 years ago. 3 Baths. Sometimes one size doesn’t always fit all. 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. This ground level 2-bedroom condo is located. Unit 420, Myrtle Beach — Coral Beach $155,000. Page 2Pamela D. Investor. 0. When you're ready to buy, we'll be here to help. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. , 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. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. net. CONDO RESOURCES. com. N Unit H, Myrtle Beach, SC 29572. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. These could. Print . No Exp. 6. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. You’ve contracted to purchase and now all you have to do is go back to. 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. 1990 N Waccamaw Dr. $244,900. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. 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. - Condo for sale. Free parking. Read More. 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. 537 Sq. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. You can also use this residence for ready and steady rental income. 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. 3bd. Individual owners have units, but they have. A condominium hotel, sometimes called a condotel, is a condominium but operated and managed like a hotel. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment. These rentals, including the outside marketing of them, are handled directly by the management company. Call ☎ (800) 697-4371. 1,501 sqft. 00%. 3 Beds. . facebook; linkedin;. - Homes for sale presented by the Beach Pro Team: 843. Enjoy laundry facilities, a patio, and a TV. 1,654 sq ft. Bedroom in Myrtle Beach SC. info. 455. Popular attractions Blackmoor Golf Club and The International Club of Myrtle Beach are located nearby. 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. 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. Gene Carter, CDPE Myrtle Beach Real Estate Sales 1-800-872-4488 [email protected] 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. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. Visit hotel website. Andrew Bay converge – Panama City Beach is a favorite of travelers seeking an affordable beach vacation with year round offerings. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. Myrtle Beach, SC 29579; Office: 800. 1516 Edge Dr. When people book a short-term rental, they typically. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. $189,000 and up - Condo Hotel. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. 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. com. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. Website. DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. 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. - Homes for sale presented by the Beach Pro Team: 843. Click on any of the resorts below for current listings, floor plans, numbering grids, overviews, lists of amenities, and pictures - over 90 oceanfront and resort condo developments in. Many property owners also use their Myrtle Beach condotel for personal use. For your protection, do not email your Account Number (s) or Social Security Number. $379,800. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. 161 Posts 128 Votes. 2. 1601934 MLS. Financing a myrtle beach condotel. Myrtle Beach, SC 29579; Office: 800. The Best Courses, The Best Accommodations, The Best Prices. Read More. This unit is at the Atlantica Resort, which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. Qualification based on Property Income, Not Your Income. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. Even if we can’t help ourselves, we may be able to point you in the right direction. North Myrtle Beach, SC 29582. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Mortgages. Myrtle Beach, SC 29572Apache CampgroundResidential. 504 N Ocean Blvd Unit 708A&B, Myrtle Beach, SC 29577. Outdoor property amenities are not always available. Myrtle Beach. Enjoy oceanfront views from this 7. - Homes for sale presented by the Beach Pro Team: 843. 455. 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. Easily calculate a Myrtle Beach mortgage for all types of home loans including; first mortgages, second home loans, condotel financing in myrtle beach, investment. Asset Depletion. When this happens, I am able to obtain a regular,. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. One Ocean Place is a highly sought after condominium complex in Garden City Beach. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Beach Colony. $189,000 and up - Condo Hotel. North Myrtle Beach. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Okay. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. Myrtle Beach SC. 00. Here to help. In comes what we call our portfolio option for condotel financing. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. User Stats. 37 ACRES. Condotel-Loans Condotel Loan. Free Wifi. 904 62nd Ave. Super comfortable and fully furnished, this u. 1 Listings from $649,900. 2 bedroom, Wildwood Crest NJ 08260. 444. Breakers Resort - Myrtle Beach Condos for Sale. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. View property. Call Us: (843) 839-2430. Nov 3, 2019 - Are looking to purchase a condo in Myrtle Beach, SC not knowing the difference is between a condotel and a condo and why it's important and really mattersIt is also just a short drive away from hundreds of restaurants, shops and other attractions. info@afbcarolinas. net. 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. 455. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. Beach Cove Resort offers two and three bedroom oceanfront condos. Minimum down payment of 15%. Learn about Myrtle Beach Home Loans, First Mortgages, Second Home Loans, Condotels, FHA and VA Loans, Any Credit. Search our selection of vacation condos and homes from Litchfield Beach to the south-end of Myrtle Beach. 5/5. Owner Financing Available - Myrtle Beach, SC Home for Sale. By Adam Benson. By Alison Gregor. 10% Down Payment. 107 Toby Ct. LendSure Mortgage Corp. Inquiries. 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.