Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. The house always wins. 1 bd; 1 ba; 537 sqft - Condo for sale. Amenities Photos Map View Reviews FAQs. Myrtle Beach, SC 29572Apache CampgroundResidential. 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. 2 Beds. 2318867 MLS. After all annual fees are paid ie. Beach Cove Resort offers two and three bedroom oceanfront condos. Buying a condo is a lifestyle choice. The Preserve At Clam Farm: Folly Beach, SC. Special offer. CONDO FINANCING. Get in touch with a Myrtle Beach real estate agent who can help you find the home of your dreams in Myrtle Beach. CONDO SPECIALISTS. The. Super comfortable and fully furnished, this u. Warrantable condos are one that a homebuyer can finance using a conventional mortgage, after having been approved under a set of guidelines set by government-sponsored enterprises Fannie Mae and Freddie Mac. 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. 5 days on Zillow. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Common questions are answered to help inform you about the way our ocean front condo market operates. Condo For Sale In Myrtle Beach, South Carolina. 3 Baths. Long-Term Fixed or ARM Rates. Beach Park Resort - Myrtle Beach Condos for Sale. Condotels have hotel-like amenities and services – unlike the conventional condominiums. 08260, Wildwood Crest, Cape May County, NJ. . The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. Condotel Financing Guidelines. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. This is a Condotel, and you must abide by the Wildwood Crest Ordinance which is located in Associated Docs. 169 reviews. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. ft. View property. . North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. 3rd Bedroom: 1 king bed, hallway bath. When this happens, I am able to obtain a regular,. 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. 9670 Shore Dr. $159,900. Bridge Financing. 3 beds. 4817 Magnolia Lake Dr APT 301, Myrtle Beach, SC 29577. Island Vista Oceanfront Resort - Traveler rating: 4. During the pandemic, rates on 30-year fixed mortgages fell below 3 percent. Financing CONDOSin Myrtle Beach. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. 813 2nd Ave N. 1516 Edge Dr. Beach Pro Team, Gene Carter REALTOR. Roy Dunn – Coastal Financing Guru. . Blog Author and CEO. North Beach Plantation. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Call ☎ (800) 697-4371. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. There are 630 real estate listings found in North Myrtle Beach, SC. 6 Listings from $218,000. Myrtle Beach, SC 29579; Office: 800. Condotel-Loans Condotel Loan. More Details. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. Touch device users, explore by touch or with swipe gestures. Condo For Sale In Myrtle Beach, South Carolina. 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. We allow a combined loan-to-value ratio (CLTV) of up to 85%. , 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. LOAN. CONDO RESOURCES. 745 sq ft. - Homes for sale presented by the Beach Pro Team: 843. 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. There is no maximum loan size on Condotel Financing Mortgage Loans. 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. Condotel loans are available for up to $1. Type: ManufacturedHome, Year Built: 2021. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. Stay at this business-friendly hotel in Murrells Inlet. Owner Financing Available - Myrtle Beach, SC Home for Sale. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. 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. The median list price per square foot in Myrtle Beach is $178, which is higher than the Myrtle Beach-Conway-North Myrtle Beach Metro average of $137. Condo For Sale In Myrtle Beach, South Carolina. I hear countless stories of confusion and people being ripped off by real estate agencies, who don’t have. Posted in 2021, Myrtle Beach Real Estate, Myrtle Beach Rental Property. Sea Mist Eff/1BA oceanview condo. Investment property loans Commercial & Residential Condo Hotel Loans. 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. It’s complicated (but we can make it easy for you). . Fannie Mae does not mind nightly. Condotel Financing and Non-Warrantable Condo Loans are Portfolio Mortgages are available with us at Florida Commercial Real Estate Loan Group. Master bedroom has 2 closets. Another Myrtle Beach hotel with towering views of the Atlantic Ocean is for sale. (843) 796-1358. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Despite these challenges, condotel financing can be a lucrative investment if managed correctly. Individual owners have units, but they have. 201 74th Ave N #2731, Myrtle Beach, SC 29572. Is this Your. 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. 3 Beds. location of a barber shop, has sued a candidate running for council on Nov. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. $189,000 and up - Condo Hotel. 4785 - Home; Search MLS. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. 4785 -. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Whether you're a first-time homebuyer or an experienced investor, our expert team is here to guide you through the mortgage process. Enjoy an in-room DVD player, a TV, and cable/satellite TV. This condo comes fully furnished and offers fantastic upgrades throughout. 186 Fresh Drive. . This ground level 2-bedroom condo is located in the popular Seagate Village. Asset Depletion. They grossed roughly $44k in 2021 and had done $44k last year through October. 2 bedroom, Wildwood Crest NJ 08260. Website. CONDO FINANCING. OK Myrtle Beach Hard Money Lender, BBB A+ Rated, Excellent Rehab Program for Fix-to-Flip Projects. No Exp. Page 2Pamela D. 1321 S Ocean Boulevard, North Myrtle Beach, SC 29582. Looking for reasons to do it or not do it. 3910 Highway 17 South. DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. In comes what we call our portfolio option for condotel financing. TRV69857---. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. The largest property for sale is 3,174 sqft and smallest 307 sqft. Coral Beach. Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort. The rent is split between management and the owner in the range of 40%-60% in favour of the owner, but can often be as high. One Ocean Place is a highly sought after condominium complex in Garden City Beach. Today’s mortgage rates in Myrtle Beach, SC are 7. This document expresses the opinion of Gene Carter, CDPE. How to Avoid a Loan Denial New Changes To Condo Lending as of Dec 7th, 2020. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. We also offer our Condo/Condotel Lender List and Closed Sales Histories. 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. 7/03/2020 - Zillow. A 10% downpayment is required and there are no prepayment penalties. 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. 386 sqft. net. We also offer. * Infinity Pool &. . 3 baths. This unit features a full kitchen equipped with a full size fridge, rang. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. Condo For Sale $159,900. Financing/Investment. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. This unit features a full kitchen equipped with a full size fridge, rang. 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. 29577, Myrtle Beach, Horry County, SC. - Homes for sale presented by the Beach Pro Team: 843. DSCR calculations as low as zero are eligible for the program. Discover genuine guest reviews for Condotels at Coldstream Cove along with the latest prices and availability – book now. 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. And that. Regarding how you like to bank, we know one size doesn’t always fit all. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. 3 Beds. Unfortunately, your hometown lender is not going to have such a program but the lenders on. 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. Quiet cul de sac location. Trackback. $242,900. 2 Bed. You can also use this residence for ready and steady rental income. Welcome. We also offer. Condo Financing and Condotel Mortgages. 19 Properties in Myrtle Beach from $119,000. Our. W. 60%. Now, with a population of 30k permanent residents and. 2 bathrooms. 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. Pre-Sale Studio and 1 Bedroom Orlando Condo Hotel. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. Myrtle Beach, SC. Seller willing to owner finance! Introducing this ocean view efficiency condo in the most fun place to stay in Myrtle Beach. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. Condo For Sale $199,900. High LTV and Interest-Only Options. 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. 3 bds. Financing/Investment. Welcome to 2500 N Ocean Blvd, this gorgeous oceanfront condo has endless views of the Atlantic Ocean. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. 444. 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. ACMG offers 90% fixed or adjustable rate loans of amounts up to $417,000 to be used on second homes consisting of 1 Unit Properties, Condos and PUDs. (866) 803-2853. Gene Carter: Cell 843-455-4785. Owner financing available beycome. Condotel financing terms. Lauderdale, FL, etc. 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. Fast Closing and Flexible Underwriting. Individual owners have units, but they have. See BBB rating, reviews, complaints, contact information, & more. Contact BrickWood Mortgage today at (843) 314-4101. $379,800. Borrowers need a minimum credit score of 599 to qualify. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Most posts I've seen on this topic are old. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. (843) 213-1720 (843) 213-17274066-A Taranto Loop UNIT 5101-A Myrtle Beach in Bella Vita Garden Homes - View all 39 photos. (843) 800-8484. Blog Author and CEO. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. Source: acmg. Choose an in-demand location. 455. More Details. With an average of 320 days of Florida sunshine each year – and 27 miles of sugar-white sands bordering the clear, emerald green waters where the Gulf of Mexico and St. Sometimes one size doesn’t always fit all. We also offer our Condo/Condotel Lender List and Closed Sales Histories. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. Seaside Realty Company Broker In Charge, E-Pro Certified. Spend your time in the warmer weather enjoying this Beautiful home located in the permanent section of the KOA Campground!At Fidelity Home Group, we are Condotel Financing Florida mortgage experts! The Condotel also known as the Condo Hotel is quickly becoming popular in Florida as an investment opportunity. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. In November 2023, the average monthly cash on cash return in Myrtle Beach is 3. Owner Financing available for qualified buyers. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. 537 Sq. 4785 -. 3bd. Condo in Myrtle Beach. Petersburg CONDOTEL Financing. 4. Condotel-Loans Condotel Loan. 1105 S Ocean Blvd. Condotels. Morant’s proposed condotel, named “The Black Pearl of the Atlantic,” would be located near 30th Avenue South and South Ocean Boulevard, and feature 168 hotel rooms, 36 short-term rental. Lastly, most out-of-town lenders are not going to have a condotel loan program available in the event that the condo is accurately classified as a condotel. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. Maximum 75% LTV. Good value. $97 night. In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. The average sq ft home size of South Carolina Beachfront Condos & Villas For Sale Myrtle Beach SC is 956 square feet. is a licensed lender. MORTGAGE CALCULATOR. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. A condominium hotel, sometimes called a condotel, is a condominium but operated and managed like a hotel. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront. 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, rates start in the low 5s, 3/1, 5/1, 7/1, 30 and 15 year terms available. NEW - 4 HRS AGO FOR SALE BY OWNER. Unit 420, Myrtle Beach — Coral Beach $155,000. Posted Mar 20 2023, 12:00. When people book a short-term rental, they typically. Written by Jerry Pinkas on June 8, 2018. This ground level 2-bedroom condo is located in the popular Seagate Village. 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,. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. info@afbcarolinas. 1605 S Ocean Blvd, Myrtle Beach, SC. North Myrtle Beach, SC 29582. Thanks in advance. Live like a pampered guest in a Honolulu. The dog-friendly winter rentals are available at reduced off-season rates. 1 bed. TRUE Private Money! Close in as little as 10 Days, No FICO Min. Myrtle Beach in Crystal Lake - View all 2 photos. (843) 315-2535. LOCATION. Reasons To Refinance; Pre-Approval; Unlike hotels, where a corporation owns the whole hotel, in condotels each unit is sold separately similar to a condo. Newly Renovated. 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. Condotels have hotel-like amenities and services – unlike the conventional condominiums. 37 ACRES. 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. Qualification based on Property Income, Not Your Income. And we can tell you for a fact, yes you can! Buying a condo in Myrtle Beach can be a good investment in 2023. Call ☎ (800) 697-4371. LOCATION. 106 Birch N Coppice Dr. NMLS #5645 ǀ AZ Lender #BK-0906866 #MLB5645 On Q Financial, Inc. $350,000. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. Trump International Hotel and Tower. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. The money you make from the rental can help you offset some of the costs and often create extra revenue. Read More. 965 Condos For Sale in Myrtle Beach, SC. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. Blissful Mortgage Condo loans. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. There are 1,691 properties for sale in the city of Myrtle Beach . North Myrtle Beach. To view info on hundreds more resorts, go to our. When this occurs, we can offer. A grassroots organization made up of legacy property owners in Atlantic Beach are suing town leaders and a developer with plans to build a $100 million high rise hotel along prized beachfront land. U. 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. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. Explore the Coral Beach condos for sale in Myrtle Beach SC. Condotel Loans. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. Receive the Beach Pro Team’s current list of local. Located on the new Myrtle Beach Boardwalk in South Myrtle Beach, Bay View Resort features 2, 3 and 5-bedroom condos in a 25-story. . Which condo hotels in North Myrtle Beach are good for families?1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. 2000 Highway 17 S. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. Real Estate Brad Emond July 8, 2020 Brad Emond Real Estate at Keller Williams Realty condotels , condotel , condo , condos ,. 2ba. S. So I was wondering what the reasoning was behind such a high interest rate on condos? 10% is super high. A condo insurance policy protects what your homeowners association (HOA) doesn’t. No appointments necessary. 455. Condo Financing and Condotel Mortgages. Full pet policy & more. 1 Baths. 2% within the next year. 8 Listings from $174,900. Investment property loans Commercial & Residential Condo Hotel Loans. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. Sqft, n/a. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. Condotel unit buyers and commercial real estate investors who have any questions on Condotel Financing and/or commercial loans, please contact us at 800-900-8569 or text us for a faster response. A condotel allows you to be an owner without the stress of maintenance. Grand Strand Coastal Realty. Archives Personal Finance. 5/5. TRV66338---. As the best rated local lender since 1983, we offer a wide range of financing options tailored to your needs. The condotel must have at least 500 square feet of living area. 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. 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. ABC Mortgage Company is located in Myrtle Beach, serving Horry County, Georgetown County along with the rest of the state of South Carolina. . Put our experience to work for you - our in-house condo team checks the financial soundness of the condo project. info@afbcarolinas. 455. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. Compare hotel prices from hundreds of travel sites and get great deals. $189,000 and up - Condo Hotel. Easy to finance. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. Former Atlantic Beach town manager William Booker, who owns the 3310 Highway 17 S. Categories > Condo Hotels for Sale in Waikiki. Many property owners also use their Myrtle Beach condotel for personal use. 455. 596 sq ft. I. 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 units are individually owned. Visit hotel website.