106 Birch N Coppice Dr. * Extra Luxurious 1 - 7 Bedroom Condos & Homes. Fully equipped kitchen - Appliances, utensils, and more provided! Private oceanfront balcony off the living room. Welcome to Alpha Mortgage, the trusted name in home loans and mortgage solutions. There is a lot of bad advice on the internet about condotels. Our Myrtle Beach real estate agents can help you find new construction homes, resale real estate, primary residence, second home, 55 plus retirement, Oceanfront, Intracoastal Waterway, Golf Course, bank owned homes, or commercial property. However, securing financing for such a unique property can be a complex process. This document expresses the opinion of Gene Carter, CDPE. View 24 photos of this 2 bed, 2 bath, 1045 sqft. 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. 1025 Highway 17 South. 596 sq ft. Questions: 803-998-1000. Investment property loans Commercial & Residential Condo Hotel Loans. 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. Department of Housing and Urban Development | 451 7th Street S. The major difference between a condo and a condotel is that short term, nightly rentals are available in the latter. Com Listing ID: bey15047---. * Conveniently Located near Myrtle Beach & North Myrtle Beach courses & attractions. Fast Closing and Flexible Underwriting. Former Atlantic Beach town manager William Booker, who owns the 3310 Highway 17 S. 4785 -. The list is based on the Beach Pro Team's years of experience and expertise in condo financing. In all states, the principal licensed office of American Financial Network, Inc. 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. Loan Process. Owner Financing available for qualified buyers. 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,. 36 homes. Discover genuine guest reviews for Condotels at Coldstream Cove along with the latest prices and availability – book now. $159,900. In addition to the requirements above, any project with one or more of the following characteristics is ineligible. When this happens, I am able to obtain a regular,. North Beach Plantation. Help getting approved for a mortgage loan for a condo in Myrtle Beach SC (Also applies to all condos in SC). View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. Owner Financing available for qualified buyers. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. After all annual fees are paid ie. 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,. Depart. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. 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. Condo For Sale $239,900. 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. 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. Get a condo insurance quote online or call for advice. 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,. 455. [email protected]. (866) 803-2853. First Last. Archives Personal Finance. We have the experience and knowledge to help you find the right condo insurance policy for your needs and budget. 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. Current condo mortgage rates. Condo For Sale $235,000. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. Investment property loans Commercial & Residential Condo Hotel Loans. 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. The units are individually owned. Do You Own Your Home? 2. Investor. . User Stats. 3bd. Apply. Bahama Sands Luxurious Oceanfront and Ocean View Condos. 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. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. Sellers are permitted to pay up to 6% of closing costs. 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. com to schedule your consultation. Direct oceanfront corner lockout now available at Boardwalk Beach Resort in the heart of Myrtle Beach! This renovated, turnkey 2 bedroom, 3 full bathroom condo can accomm. 30-year fixed. Ocean Blvd. - Homes for sale presented by the Beach Pro Team: 843. If you would like more information on condos or condotels in the Myrtle Beach, SC area, reach out to me. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. 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. Trackback. 60%. Richmond CONDOTEL Financing. Beach Pro Team, Gene Carter REALTOR. Every lender has its own lending requirements on condotel financing. 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. Put our experience to work for you - our in-house condo team checks the financial soundness of the condo project. . rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. 2 bedrooms. com (800) 697-4371. Great location!!!! just minutes from the beach, broadway at the beach, tons of dining options and golf courses. About the Condotels Golf Colony. Discussion of potential solutions. The Brighton Tower is an upscale 21-story oceanfront condominium tower in Kingston Plantation, a 145 acre world-class resort located in the Arcadian section between Myrtle Beach and North Myrtle Beach. 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. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. $805,449. *A $250 refundable cash security deposit is required upon check-in for this unit type. 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. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. This ground level 2-bedroom condo is located in the popular Seagate Village. 1 Baths. NEW - 4 HRS AGO FOR SALE BY OWNER. Financing Condos in Myrtle Beach. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Bars. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. 1 bedrooms. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. 991 38th ave n, myrtle beach, sc, 29577. 201 74th Ave N #2731, Myrtle Beach, SC 29572. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. This home is only a few blocks from BUS 17 and only a 2 minute car-drive/5 minute golf-chart drive to the beach. Outdoor property amenities are not always available. Posted Mar 20 2023, 12:00. Nice residents and friendly staff. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. 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. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. 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. I am looking at Myrtle Beach for my first property. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. com. . Leave a Comment. This unit features a full kitchen equipped with a full size fridge, rang. W. com (800) 697-4371. 455. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Condo in Myrtle Beach. The CondoLux staff is very helpful on the phone and at the office. Condotel Financing Guidelines. . 1 Baths. 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. CONDO SPECIALISTS. Now we’re seeking a publicly traded condotel management company. There are 2,731 real estate listings found in Myrtle Beach, SC. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. Enjoy an in-room DVD player, a TV, and cable/satellite TV. Enjoy laundry facilities, a patio, and a TV. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. 00, with the average rent median estimated to be $1,250. Read More. 955 Condos For Sale in Myrtle Beach, SC. (843) 315-2535. View 28 photos of this 1 bed, 1 bath, 581 sqft. especially in a popular tourist destinations like Myrtle Beach. Financing Condos in Myrtle Beach Can Be Tricky. - Homes for sale presented by the Beach Pro Team: 843. 4 bedrooms. Top Rated. Highly likely to recommend Gene Carter has sold five condo's in Myrtle Beach for our partnership in the last 3 years, the last closing 7/1/2020. Condotels. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. Unlike other real estate sectors, which are suffering from capital and financing problems, the market for condotels was flat-out overbuilt — and that takes years to correct. Real Estate Brad Emond July 8, 2020 Brad Emond Real Estate at Keller Williams Realty condotels , condotel , condo , condos ,. 18, 2009. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. TRV69318---. NMLS #5645 ǀ AZ Lender #BK-0906866 #MLB5645 On Q Financial, Inc. 1605 S Ocean Blvd, Myrtle Beach, SC. 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. 00%. Fannie Mae does not mind nightly. 4856 Magnolia North Carnation Circle, Unit: 304, Myrtle Beach, SC 29577. 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. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. 20%. 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. Source: activerain. Located on a very quiet street. $189,000 and up - Condo Hotel. . 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. Minimum down payment of 15%. Contact Us Today To Get Started. No Exp. 904 62nd Ave. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. . 1105 S Ocean Blvd. . It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». Website. 455. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. , 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. 4785 -Personal Banking. Refer to and input NMLS #237341 to see where American Financial Network, Inc. 5 million. View Details. LINENS & DEPARTURE MAID SERVICE INCLUDED IN RATES! Winter Rentals in North Myrtle Beach are from October to March. 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. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. 37 ACRES. …. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. Bluewater Resort - Myrtle Beach Condos for Sale. 3 Baths. [email protected] a larger selection of condo types - we lend on a wide variety of condo developments, including new construction and conversion projects. Financing/Investment. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. * Only AAA 4 Diamond, 5 Star Resort in the area. The house always wins. Unit 5, Myrtle Beach — Birch N' Coppice $275,000. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. 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. Grand Theatre and Art Museum of Myrtle Beach are cultural highlights, and some of the area's attractions include SkyWheel Myrtle Beach and Wild Water and Wheels. 2 bathrooms. $387,000. Loan Products. City-Data Forum > U. What a unit owner owns is typically different than what a unit owner owns in a typical. In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. Bay View Resort. RDunn@remn. 4785 -Campobello, South Carolina 1 contribution 1 helpful vote. Real Estate investment in Myrtle Beach, SC. Are You or Your Spouse 62 Years of Age or Older? 3. 5/5. . For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. Condotel loans are available for up to $1. 00. 1321 S Ocean Boulevard, North Myrtle Beach, SC 29582. MLS# 2305975 / Sold. 303% for a 15-year fixed, and 7. 169 reviews. 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. $379,800. Find out everything you need to know about Condotels. (843) 213-1720 (843) 213-17274066-A Taranto Loop UNIT 5101-A Myrtle Beach in Bella Vita Garden Homes - View all 39 photos. . Unfortunately, your hometown lender is not going to have such a program but the lenders on our list will. condo with a list price of $179000. 1,654 sq ft. 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. $350,000. Myrtle Beach City Manager John Pedersen previously told The Sun News such an exception would be made since many of Myrtle Beach’s hotels are condotels with rooms. Good value. 4712 Cobblestone Dr. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. 1 Beds. Condotels are condos that are run as resort properties and offer amenities such as check-in desks, maid services, room service, etc. Fast Closing and Flexible Underwriting. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. 4. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. Myrtle Beach. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. . A condotel essentially is a condo that can be rented either by the night, the week, the month or multiple months, and is similar to that of a resort as the building has a front desk where people can walk up to book or rent a unit. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. Nov 23, 2023 - View the Best vacation rentals with Prices in North Myrtle Beach. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. 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. Then there is an HO-6 policy, which is a small interior (walls in) policy you’ll. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. Which condo hotels in North Myrtle Beach are good for families?1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. View 28 photos of this 1 bed, 1 bath, 581 sqft. (843) 315-2535. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. Super comfortable and fully furnished, this u. Posted Dec 5 2022, 13:44. Established in 1985, Barefoot Rental Management provides residential property management services in Myrtle Beach as well as Surfside, Garden City, Murrells Inlet, North Myrtle Beach, Conway, Carolina Forest, and Little River. $242,900. But in general, the general consensus among condotel mortgage. 1990 N Waccamaw Dr. 2ba. Minimum down payment of 15%. 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. Apply Now and Get a Quote Today! Get more details. Brighton Tower Overview. This 3 bedroom, 2 bathroom condo at The Palms in Myrtle Beach has en. DSCR calculations as low as zero are eligible for the program. 1 bd; 1 ba; 537 sqft - Condo for sale. 0033, [email protected] Edge Dr. Qualification based on Property Income, Not Your Income. Myrtle Beach SC. Powered By Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. S. 813 2nd Ave N. Months. You can also use this residence for ready and steady rental income. Best-located and Equipped North Myrtle Beach Condos. 3910 Highway 17 South. Those. 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. . . can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. CONDO SPECIALISTS. Golf colony resort 5p. Receive the Beach Pro Team’s current list of local condo and. Written by Jerry Pinkas on June 8, 2018. Or email us at gcho@gustancho. Categories > Condo Hotels for Sale in Waikiki. Financing/Investment. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. . . The main point to consider when buying an oceanfront condo is the location. Low-Down-Payment loans : FHA. 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. - Homes for sale presented by the Beach Pro Team: 843. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. ★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,. For your protection, do not email your Account Number (s) or Social Security Number. Condotels Golf Colony Resort. Myrtle Beach / Columbia; Myrtle Beach / Columbia. Refer to and input NMLS #237341 to see where American Financial Network, Inc. Here to help. The largest property for sale is 3,174 sqft and smallest 307 sqft. If you're looking for monthly condo rentals in Myrtle Beach, SC, book today with Condo-World! Arrive. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. 4785 -. 1 bath. It offers short-term rentals for occupants, and it also maintains a front desk. 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. Investment property loans Commercial & Residential Condo Hotel Loans. #D. However, securing financing for such a unique property can be a complex process. . Sand Dunes Resort Condos For Sale. Stay in touch with us at 843-999-0575 or email. At Movement Mortgage, we do offer condotel financing if the building is indeed a true condotel. 3 beds. It’s complicated (but we can make it easy for you). 2009. Ocean Blvd. Many banks and mortgage bankers used to finance condotels prior to the collapse and many condotel unit owners still have condotel financing loans with big banks such as Wells Fargo, Chase, Citibank, Bank of America, and other local, regional, and national banks at high-interest rates. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. Condotel-Loans Condotel Loan. Unfortunately, your hometown lender is not going to have such a program but the lenders on. Personal Banking. North Myrtle Beach Branch. 201 N 74th Ave. 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. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. 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. Hard Rock Cafe Myrtle Beach. Get in touch with a North Myrtle Beach real estate agent who can help you find the home of your. Easily calculate a Myrtle Beach mortgage for all types of home loans including; first mortgages, second home loans, condotel financing in myrtle beach, investment. 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. $242,900. Owners use short-term rentals to generate income, listing them on platforms. Unit 50905, Myrtle Beach — Sea Mist $47,000. A: 1515. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. Fast Closing and Flexible Underwriting. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. 1601934 MLS. Most of the Myrtle Beach oceanfront high rises are condotels. Borrowers must have owned any property type in the past 24. 9670 Shore Dr. They grossed roughly $44k in 2021 and had done $44k last year through October. THE EPITOME OF A LUXURY GOLF VACATION. Thu, 26 Oct 9:00 AM to 4:00 PM. Borrowers can also email me at gcho@gustancho. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. info. Beach Cove Resort offers two and three bedroom oceanfront condos.