ABC Mortgage Company is located in Myrtle Beach, serving Horry County, Georgetown County along with the rest of the state of South Carolina. com (800) 697-4371. Medieval Times Dinner & Tournament. 2 Baths. Bridge Dale • 2 years ago. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. 60%. Contact us today and let Alpha. No Exp. . The unit is currently rented third-party through Hosteeva. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Units require at least a true 1 bedroom. 2000 Highway 17 S. 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. 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. His knowledge and expertise is second to none. View 24 photos of this 2 bed, 2 bath, 1045 sqft. We allow a combined loan-to-value ratio (CLTV) of up to 85%. 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. Write a review. 1105 S Ocean Blvd. 0033, [email protected] Edge Dr. Featured Resorts in Myrtle Beach, SC Bay View Resort. 813 2nd Ave N, North Myrtle Beach, SC 29582. 2301 S Ocean Blvd, North Myrtle Beach, SC 29582. 19 Properties in Myrtle Beach from $119,000. Overbuilding. 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. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. 219 Camber Rd, Huger, SC 29450. Thanks so. 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. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. View 28 photos of this 1 bed, 1 bath, 581 sqft. 7, 2023. 2 Bed. 201 N 74th Ave. 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. 303% for a 15-year fixed, and 7. Asset Depletion. . Borrowers need a minimum credit score of 599 to qualify. 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. , 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. Okay. Search our selection of vacation condos and homes from Litchfield Beach to the south-end of Myrtle Beach. Brittany Baker Poster Pro. 4785 -. 1 Baths. Add in the area’s relatively low cost of living, and it’s not surprising to see. Many property owners also use their Myrtle Beach condotel for personal use. Condotels at SurfMaster is 9. 2013 New Condotel Financing; Loan Process. 5/5. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. Qualification based on Property Income, Not Your Income. * Extra Luxurious 1 - 7 Bedroom Condos & Homes. Visit hotel website. 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. 1990 N Waccamaw Dr. 1,654 sq ft. Doug Shaw Memorial Stadium. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. 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. 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. 2000 Highway 17 S. 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. Ripley's Aquarium of Myrtle Beach. Qualification based on Property Income, Not Your Income. com (843) 446-4663. 9700 Kings Rd. Condotels are condos that are run as resort properties and offer amenities such as check-in desks, maid services, room service, etc. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». They grossed roughly $44k in 2021 and had done $44k last year through October. However, securing financing for such a unique property can be a complex process. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Sand Dunes Resort Condos For Sale. 1,045 Sq Ft. $387,000. 1207 S Ocean Blvd. 444. Condotel Mortgage / Condo-Tel Financing / Condops. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. Today’s mortgage rates in Myrtle Beach, SC are 7. A condotel allows you to be an owner without the stress of maintenance. Beach Park Resort - Myrtle Beach Condos for Sale. GRAND STRAND COASTAL REALTY. $242,900. Condo For Sale In Myrtle Beach, South Carolina. Loan Amounts to $417,000. Print . Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. Contact Us Today To Get Started. 2 mi (16-min drive) away from the Myrtle Beach Intl. 504 N Ocean Blvd Unit 708A&B, Myrtle Beach, SC 29577. 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. Enjoy all the. 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. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. Gene Carter, CDPE Myrtle Beach Real Estate Sales 1-800-872-4488 GeneCarter@BeachProTeam. 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, bedding, furniture, bed, and. is. Trump International Hotel and Tower. Super comfortable and fully furnished, this 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. 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. MLS# 2305975 / Sold. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. 32 days on Zillow. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. 2ba. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. View Details. 4817 Magnolia Lake Dr APT 301, Myrtle Beach, SC 29577. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. SOUTHERN COAST INSURANCE GROUP INC 4420 Oleander Dr Ste 104 Myrtle Beach, SC 29577 Get Map Phone: 843-839-5076 Fax: 843-353-0785 Contact Us2 BDS | 2 BA | 1,100 SQFT. Bridge Financing. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. 455. facebook; linkedin;. 3bd. There is no maximum loan size on Condotel Financing Mortgage Loans. 1 Baths. 4 bds. 2500 N Ocean Blvd. 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 pending) and more. 10% Down Payment. This is a unique option because rather than selling the loan to Fannie Mae, we fund and service the loan, meaning you will receive your monthly mortgage statement from us, and make payments to us. Show more. Patricia Grand Resort Hotel. . Grand Strand Coastal Realty. 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. Source: acmg. MORTGAGE CALCULATOR. 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. Pick the perfect place where watching the ocean from your balcony completely soothes your soul and encourages you to sit for hours and meditate. No appointments necessary. 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. Guthrie "Always Mobile" (843) 446-3444. Call 1-866-383-5345 or find a mortgage. 5 million. LendSure Mortgage Corp. North Myrtle Beach, SC 29582 (843) 444-LOAN (5626) wp@444loan. See pricing and listing details of Daytona Beach real estate for sale. Best Western Ocean Sands Beach Resort - Traveler rating: 4/5. Best-located and Equipped North Myrtle Beach Condos. A Condotel Loan (condo hotel, condo-tel, Condo Hotel Financing, etc…. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. 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. $189,000 and up - Condo Hotel. Coral Beach. 7/03/2020 - Zillow. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. Posted Mar 20 2023, 12:00. 6 Listings from $218,000. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. We also offer our Condo/Condotel Lender List and Closed Sales Histories. It sounds like Vegas. Any recommendations for lenders who offer 20% down on condotels. 2nd Bedroom: 2 double beds, attached bath. 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. 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. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. Condotel-Loans Condotel Loan. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. 00, with the average rent median estimated to be $1,250. 2. No appointments necessary. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. We also offer our Condo/Condotel Lender List and Closed Sales Histories. North Myrtle Beach Branch. 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. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Call ☎ (800) 697-4371. 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. Myrtle Beach - Click Below For Columbia. Condo Financing and Condotel Mortgages. 1105 S Ocean Blvd. Jumbo Mortgages/Adjustable Rate Loans. In this article, we will explore the key. 387 sq ft. [email protected] a larger selection of condo types - we lend on a wide variety of condo developments, including new construction and conversion projects. Put our experience to work for you - our in-house condo team checks the financial soundness of the condo project. A condo insurance policy protects what your homeowners association (HOA) doesn’t. Condo For Sale In Myrtle Beach, South Carolina. You’ve contracted to purchase and now all you have to do is go back to. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Com Listing ID: bey15047---. The dog-friendly winter rentals are available at reduced off-season rates. 161 Posts 128 Votes. 2ba. Teressa Carter: Cell 843-455-4787. Which condo hotels in North Myrtle Beach are good for families?1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. $244,900. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. Do You Own Your Home? 2. 5/5. RE/MAX SOUTHERN SHORES NMB. Condotel Financing Guidelines. Lauderdale, FL, etc. 1321 S Ocean Boulevard, North Myrtle Beach, SC 29582. 129 Cold Stream Cove Loop, Garden City Beach, SC 29576-9146. 30 Year Fixed. Most posts I've seen on this topic are old. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. 18, 2009. Property owners can generate higher returns than traditional mortgages and access more flexible loan terms. 2. (843) 444-LOAN (5626) wp@444loan. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. 1890 Auburn Ln, Myrtle Beach, SC 29575. 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. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. it's equipped with all. net. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. A: 1515. info. Located on a very quiet street. Posted Dec 5 2022, 13:44. Receive the Beach Pro Team’s current list of local. 2 bedrooms. NEW - 4 HRS AGO FOR SALE BY OWNER. Bluewater Resort - Myrtle Beach Condos for Sale. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. 13 Myrtle Beach Boardwalk Condos for Sale. North Myrtle Beach, SC 29582. 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. This oceanfront resort is located at 1105 S Ocean Blvd, Myrtle Beach, SC 29577. 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. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. TRV69318---. Located on the 10th floor in the Palmetto building, this. LOCATION. 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. Condotel Financing Guidelines. 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. Owner financing available beycome. CONDO FINANCING. 4 bedrooms. We also offer our Condo/Condotel Lender List and Closed Sales Histories. 3910 Highway 17 South. Long-Term Fixed or ARM Rates. Enjoy the. JLL, a Chicago-based global real estate company, announced Oct. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. Investment property loans Commercial & Residential Condo Hotel Loans. Condotel: A condominium project that is operated as a hotel with a registration desk, cleaning service and more. 2 bedrooms. Nice residents and friendly staff. Enjoy laundry facilities, a patio, and a TV. 2 Baths. (843) 796-1358. Most posts I've seen on this topic are old. 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. 106 Birch N Coppice Dr. Condotels have hotel-like amenities and services – unlike the conventional condominiums. Months. 2 units occupied and the third is having work done on it now. (843) 315-2535. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. Common questions are answered to help inform you about the way our ocean front condo market operates. 36 homes. Much nicer than our friends place down the road in ocean village. Questions: 803-998-1000. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. Long-Term Fixed or ARM Rates. 1605 S Ocean Blvd, Myrtle Beach, SC. 00. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. Florida for $50,000 close by the beach. UNIT #1101 North Myrtle Beach in North Shore Villa - View all 40 photos. 1 Beds. 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. - Condo for sale. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. Financing Condos in Myrtle Beach Can Be Tricky. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator; Blogs. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. 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. APPLY NOW. Stay at this business-friendly hotel in Murrells Inlet. This ground level 2-bedroom condo is located. com; Mon-Fri 8am - 5pm Sat-Sun Closed; Car Insurance; Home Insurance; Life Insurance; Motorcycle Insurance; Condo & HO6; Flood Insurance; Golf Cart Insurance; Renter's Insurance; Contact Us. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. The condotel must have at least 500 square feet of living area. One Ocean Place Bldg. However, I'd really like to keep it at the 20% mark. Fast Closing and Flexible Underwriting. Beach Pro Team, Gene Carter REALTOR. This 3 bedroom, 2 bathroom condo at The Palms in Myrtle Beach has en. GREY AREA. I've touched base with a lender who offers 25% and another lender who has 30% down. 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. 2013 New Condotel Financing According to Zillow, the median home value in Myrtle Beach is $167,958 and home values have gone up 2. Developers Reconsider the ‘Condotel’. Try adding more details such as location. Credit Scores down. 1 Beds. Find out everything you need to know about Condotels. Here to help. 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. 3 Baths. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. Camelot By The Sea - Myrtle Beach Condos for Sale. How to Avoid a Loan Denial New Changes To Condo Lending as of Dec 7th, 2020. Our services encompass condotel loans and loans for non-warrantable condo projects. net. . Loans made or arranged pursuant to California Financing Law. North Myrtle Beach, SC 29582. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. A condotel is a combination of a condominium and a hotel and is a unique type of property ownership. To be in. Condo Financing and Condotel Mortgages. Outdoor property amenities are not always available. com (800) 697-4371. Call ☎ (800) 697-4371 info@afbcarolinas. Maximum 75% LTV. Financing/Investment. - Homes for sale presented by the Beach Pro Team: 843. A condotel is just what it sounds like—a cross between a condominium and a hotel. By Adam Benson. (843) 315-2535. Some Myrtle Beach real estate agencies can only show certain areas, but we are not restricted. W. Units require at least a true 1 bedroom. - Condo for sale. 29582, North Myrtle Beach, Horry County, SC. Myrtle Beach, SC 29579; Office: 800. A setup fee, or onboarding fee, is the first fee you might run into. . The team at Gustan Cho Associates are specialists in condotel financing in Florida and. 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. . Bay View Resort. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. For one, a condo mortgage usually requires extra steps and additional paperwork. M - F 8am -5pm. Unit 420, Myrtle Beach — Coral Beach $155,000. 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. Currently, the condotel purchase market in South Beach, Panama. Myrtle Beach. The Preserve At Clam Farm: Folly Beach, SC. . Required fields are marked *Stay at this hotel in Surfside Beach. . 1515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. Blissful Mortgage is your Condo Mortgage loan experts with 17 years of experience. Financing/Investment. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. . . By Adam Benson. 169 reviews. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. . This is a Condotel, and you must abide by the Wildwood Crest Ordinance which is located in Associated Docs. NEW - 4 HRS AGO FOR SALE BY OWNER. 455.