Enjoy an in-room DVD player, a TV, and cable/satellite TV. This unit features a full kitchen equipped with a full size fridge, rang. Condotel Financing Myrtle Beach, etc. 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. 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. 843. Office: 800-872-4488. Call ☎ (800) 697-4371. Brighton Tower Overview. 2013 New Condotel Financing; Loan Process. 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. 386 sqft. You’ve contracted to purchase and now all you have to do is go back to. User Stats. . 1105 South Ocean Blvd, Myrtle Beach, SC 29577. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. The Atlantic Beach Town Council will soon take a final vote to rezone land for the $80 million project. Roy Dunn – Coastal Financing Guru. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. 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. In all states, the principal licensed office of American Financial Network, Inc. These rentals, including the outside marketing of them, are handled directly by the management company. Trackback from your site. This document expresses the opinion of Gene Carter, CDPE. The residents of South Carolina pay an average of $579 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible. 5 million. . Condo For Sale $159,900. More Details. 9700 Kings Rd. Camelot By The Sea - Myrtle Beach Condos for Sale. Try more general words. Colorado Springs CONDOTEL Financing. Call 1-866-383-5345 or find a mortgage. 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. Best-located and Equipped North Myrtle Beach Condos. USDA. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Setup fee. . 5/5. The Grand Strand is known for its famous golf courses and country clubs. 2500 N Ocean Blvd. . North Myrtle Beach, SC 29582. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. 2 bds; 2 ba; 1,158 sqft - Condo for sale. Loan Process. Find out everything you need to know about Condotels. We allow a combined loan-to-value ratio (CLTV) of up to 85%. 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. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. 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. 504 N Ocean Blvd Unit 708A&B, Myrtle Beach, SC 29577. 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. 1207 S Ocean Blvd. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. 1 Beds. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking at other properties, including standard condos. Lauderdale, FL, etc. 29450, Mount Pleasant, Charleston County, SC. 00. Blissful Mortgage is your Condo Mortgage loan experts with 17 years of experience. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. 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. Contact us today and let Alpha. Real Estate Investors and homebuyers can also subscribe to our newsletter at word condotel is relatively new to the real estate vocabulary, but it is an important term for buyers to understand if they are interested in purchasing a condo in a resort location. No appointments necessary. Condotels are condominium projects, which are individually owned and operated as a hotel. 00. Blog Author and CEO. 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. View 24 photos of this 2 bed, 2 bath, 1045 sqft. 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. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. Myrtle Beach. 0033, [email protected] Edge Dr. R. 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. Financing Condos in Myrtle Beach Can Be Tricky. 596 sq ft. After all annual fees are paid ie. NEW - 4 HRS AGO FOR SALE BY OWNER. 2009. Beach Cove Resort North Myrtle Beach. Featured Resorts in Myrtle Beach, SC Bay View Resort. Apply Now and Get a Quote Today! Get more details. In November 2023, the average monthly cash on cash return in Myrtle Beach is 3. M - F 8am -5pm. 00. Dec. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. CONDO SPECIALISTS. 455. . 1 bd; 1 ba; 537 sqft - Condo for sale. View 28 photos of this 1 bed, 1 bath, 581 sqft. Myrtle Beach / Columbia; Myrtle Beach / Columbia. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. It was completed in 2000. CENTURY 21 THE HARRELSON GROUP. With more than 400 properties, Garden City Realty has a beach rental. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. * Extra Luxurious 1 - 7 Bedroom Condos & Homes. Many property owners also use their Myrtle Beach condotel for personal use. The spacious oceanfront and ocean view 2 and 3 BR floor plans feature granite. A setup fee, or onboarding fee, is the first fee you might run into. North Myrtle Beach, SC 29582. Real Estate investment in Myrtle Beach, SC. is. By Adam Benson. Free parking. Archives Personal Finance. 10% Down Payment. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. 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. W. 455. A perfect beach retreat, Heron Pond is a condo complex on the north end of Myrtle Beach and a short walk to the ocean. it's equipped with all. CCNB offers special rates and terms for condotels in the Myrtle Beach area. North Myrtle Beach, SC 29582. Website. Condotel Mortgage / Condo-Tel Financing / Condops. Prestwick, SC Home for Sale. 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. View 1276 homes for sale in Daytona Beach, FL at a median listing home price of $285,000. Welcome. 1516 Edge Dr. Condotels are condominium projects, which are individually owned and operated as a hotel. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. Condotels are condos that are run as resort properties and offer amenities such as check-in desks,. Richmond CONDOTEL Financing. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. Welcome to your dream home at Apache Campground! This beautiful, new home is situated on a corner lot and offers plenty of space. North Myrtle Beach, SC 29582. 10 days on Zillow. *A $250 refundable cash security deposit is required upon check-in for this unit type. MLS# 2305975 / Sold. Myrtle Beach, SC 29579. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. 5905 S Kings Hwy Unit A418, Myrtle Beach, SC 29575 is for sale. . However, securing financing for such a unique property can be a complex process. Owners use short-term rentals to generate income, listing them on platforms. Call ☎ (800) 697-4371. Apply Now and Get a Quote Today! Get more details. (843) 796-1358. 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. Nov 23, 2023 - View the Best vacation rentals with Prices in North Myrtle Beach. A condotel is just what it sounds like—a cross between a condominium and a hotel. A condohotel, or a condo hotel as it is also called, is a unique type of residential and rental property. Source: acmg. Our. A condominium hotel, sometimes called a condotel, is a condominium but operated and managed like a hotel. 5/5. Or email us at gcho@gustancho. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. Bahama Sands Luxurious Oceanfront and Ocean View Condos. Myrtle Beach SC. Ocean Blvd. $350,000. Condotel Loans. The units are individually owned. 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. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. Subject property needs to be 100% residential (or livable) The units need. Maximum 75% LTV. S Unit 816, Myrtle Beach — Coral Beach $170,000. 13 Myrtle Beach Boardwalk Condos for Sale. Qualification based on Property Income, Not Your Income. 426%. Sea Mist Eff/1BA oceanview condo. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. Investment property loans Commercial & Residential Condo Hotel Loans. 201 N 74th Ave. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. Explore the Coral Beach condos for sale in Myrtle Beach SC. The list is based on the Beach Pro Team's years of experience and expertise in condo financing. 2 units occupied and the third is having work done on it now. The most recent sale had a number of twists and turns. Coral Beach Features and Amenities. Current condo mortgage rates. 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. $239,900. 3 bds; 2 ba; 1,501 sqft - For sale by owner. Building or project needs to be more than or equal to 50% for commercial – this will be determined by the appraiser. 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. 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. 18, 2009. Myrtle Mike Thompson. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. - Homes for sale presented by the Beach Pro Team: 843. Medieval Times Dinner & Tournament. We also offer. Myrtle Beach, SC 29579; Office: 800. Categories > Condo Hotels for Sale in Waikiki. 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. Frequency of contact may vary and message and data rates may apply. Get started with a free quote today. (843) 444-LOAN (5626) [email protected] Reconsider the ‘Condotel’. 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. 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…. 1,501 sqft. No appointments necessary. Monthly Real Estate News; Local News. $97 night. Enjoy all the. info@afbcarolinas. 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. . com (800) 697-4371. 2 bedrooms. Typically, each of the units within a condotel is sold to an individual owner. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. 1,169 Sq. View property. Condotels Golf Colony Resort. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. . Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. 1,654 sq ft. Bedroom in Myrtle Beach SC. Or email us at gcho@gustancho. 3 beds. Condotel Financing began to be a very popular idea around 2001, because of difficulty in funding a Condotel Loan higher than 50% of the Condotel purchase price. The list is categorized by the types of loans each. 2023. Thanks in advance. Condo for Sale in South Myrtle Beach, SC: Gorgeous Direct Oceanfront 1br/1ba Furnished 3rd floor unit in Landmark Resort! This unit features updates including Brand new 50 inch tv in the living room and 40 inch tv in the bedroom, air conditioning units less than 3 years old, tile floors throughout, Quartz countertops, updated kitchen cabinets, fixtures, outlets,. 1 Bed. 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. ft. If you would like more information on condos or condotels in the Myrtle Beach, SC area, reach out to me. 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,. 3500 N Ocean Blvd. facebook; linkedin;. Posted in 2021, Myrtle Beach Real Estate, Myrtle Beach Rental Property. DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. Put our experience to work for you - our in-house condo team checks the financial soundness of the condo project. Hard Rock Cafe Myrtle Beach. If you decide to invest in a short-term rental property in a condotel, here are four tips for getting started: 1. 2 Bed. Owner Financing available for qualified buyers. 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. We offer 3/1 ARM, 5/1 ARM, and 7/1 ARM Condo Hotel Mortgage Loan Programs, amortized over 30 years. Myrtle Beach Condos with an Angle Oceanfront View. An. Source: activerain. $364,900 USD. 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. * Premiere Fitness Center. Condotels International Inc. 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. S - Koa Campground in Myrtle Beach - 2 bd 2 ba 0 ½ ba. You can also use this residence for ready and steady rental income. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. . As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Fully equipped kitchen - Appliances, utensils, and more provided! Private oceanfront balcony off the living room. Mortgages for Condos and Condotel financing in Myrtle Beach. 2 bedrooms. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626) 1830 Marion St. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. 37 ACRES. $590,000. LendSure Mortgage Corp. There is a lot of bad advice on the internet about condotels. Seller willing to owner finance! Introducing this ocean view efficiency condo in the most fun place to stay in Myrtle Beach. Barefoot Commons Branch. We also offer our Condo/Condotel Lender List and Closed Sales Histories. High LTV and Interest-Only Options. . For your protection, do not email your Account Number (s) or Social Security Number. 161 Posts 128 Votes. 7/03/2020 - Zillow. Owner financing available beycome. Myrtle Beach, SC 29577. [email protected] a larger selection of condo types - we lend on a wide variety of condo developments, including new construction and conversion projects. 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. 2 bedroom, Wildwood Crest NJ 08260. 5/5. Brittany Baker Poster Pro. Condotels are condos that are run as resort properties and offer amenities such as check-in desks, maid services, room service, etc. His knowledge and expertise is second to none. 4712 Cobblestone Dr. 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. 1033 World Tour Blvd UNIT 105, Myrtle Beach, SC 29579. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. 3 Baths. The Preserve at the Clam Farm's 62 luxury three- and four-bedroom townhouse condominiums, an ERA Tides Realty… read moreFrom the tiny, tight-knit town of Loris to the bustling boardwalk of The Beach, the 14 unique communities of Myrtle Beach offer their own attractions, atmosphere, perks, and properties, all with access to the sandy shores of the Atlantic and mild year-round temperatures. There are 1,691 properties for sale in the city of Myrtle Beach . 475 sq ft. Our Mortgage Experts. Your email address will not be published. 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. 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. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. 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. Financing/Investment. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. 2. 169 reviews. #D. com. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. (843) 945-1880. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Qualification based on Property Income, Not Your Income. 5 baths. Golf colony resort 5p. The project. 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. Department of Housing and Urban Development | 451 7th Street S. Live like a pampered guest in a Honolulu. Bridge Dale • 2 years ago. 3 Baths. Locally, we have a handful of local lenders, with very. Camelot By The Sea - Myrtle Beach Condos for Sale. Quiet cul de sac location. Myrtle Beach, SC 29579; Office: 800. Investment Property - Myrtle Beach, SC Home for Sale. 1% over the past year and Zillow predicts they will fall -2. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. Thanks so. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. When this happens, I am able to obtain a regular,. Call ☎ (800) 697-4371. S. Get a condo insurance quote online or call for advice. Indianapolis, IN. Overbuilding. This unit features a full kitchen equipped with a full size fridge, rang. MORTGAGE CALCULATOR. North Myrtle Beach Branch. com to schedule your consultation. $387,000. Ocean Blvd. especially in a popular tourist destinations like Myrtle Beach. The condo can even be 5 miles from the “check-in desk”. The money you make from the rental can help you offset some of the costs and often create extra revenue. 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. facebook; linkedin;. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. A condo insurance policy protects what your homeowners association (HOA) doesn’t. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. Seller will provide a generous painting allowance. 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. 8 Listings from $174,900. (843) 492-4030. Enjoy the. Despite these challenges, condotel financing can be a lucrative investment if managed correctly. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. Some Myrtle Beach real estate agencies can only show certain areas, but we are not restricted. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. 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. Myrtle Beach, SC 29572Apache CampgroundResidential. 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. In this article, we will explore the key. 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.