201 N 74th Ave. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. 18, 2009. 75 (198) Superhost. com (843) 446-4663. 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. The spacious oceanfront and ocean view 2 and 3 BR floor plans feature granite. Located on the 10th floor in the Palmetto building, this. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. This 3 bedroom, 2 bathroom condo at The Palms in Myrtle Beach has en. The financing assumes a 20% down payment and 20-year term. 1% over the past year and Zillow predicts they will fall -2. North Myrtle Beach, SC 29582. Then there is an HO-6 policy, which is a small interior (walls in) policy you’ll. The Preserve At Clam Farm: Folly Beach, SC. Coveted. Powered By Inquiries. $499,000. His knowledge and expertise is second to none. 2000 Highway 17 S. Unit 50905, Myrtle Beach — Sea Mist $47,000. 4525-D Girvan Dr. Call ☎ (800) 697-4371. Investment property loans Commercial & Residential Condo Hotel Loans. A condo insurance policy protects what your homeowners association (HOA) doesn’t. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. . Mortgage rates for condos and other types of properties have been volatile in recent years. Whether you're a first-time homebuyer or an experienced investor, our expert team is here to guide you through the mortgage process. $480,000. Now we’re seeking a publicly traded condotel management company. Get a quote Or, call 1-855-347-3939. Receive the Beach Pro Team’s current list of local. Myrtle Beach, SC 29572Apache CampgroundResidential. (843) 628-3604. - Homes for sale presented by the Beach Pro Team: 843. 4785 -. Welcome to your dream home at Apache Campground! This beautiful, new home is situated on a corner lot and offers plenty of space. This unit features a full kitchen equipped with a full size fridge, rang. 4712 Cobblestone Dr. North Myrtle Beach, SC 29582. . Owner Financing available for qualified buyers. Bedroom in Myrtle Beach SC. Credit Scores down. 503. If you decide to invest in a short-term rental property in a condotel, here are four tips for getting started: 1. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. SEARCH OUR SITE. Pet Friendly. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. . Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. Individual owners have units, but they have. 2207 S Ocean Blvd #809, Myrtle Beach, SC 29577. 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. Loan Amounts to $417,000. 2 reviews. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. 3 beds. There are 630 real estate listings found in North Myrtle Beach, SC. 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. $159,900. 10% Down Payment. No appointments necessary. $242,900. Condotel Mortgage Rates; Florida Condotel. (843) 796-1358. Just as importantly, you should know that loans for condos usually come with slightly higher interest rates. Months. 537 Sq. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. Typically, each of the units within a condotel is sold to an individual owner. info@afbcarolinas. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. Myrtle Beach, SC 29579; Office: 800. 33. Trackback. 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. 00. 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. Blissful Mortgage is your Condo Mortgage loan experts with 17 years of experience. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). Show more. 4785 -. S Unit 816, Myrtle Beach — Coral Beach $170,000. Beach Park Resort - Myrtle Beach Condos for Sale. 4785 -Posted 3 years ago. Andrew Bay converge – Panama City Beach is a favorite of travelers seeking an affordable beach vacation with year round offerings. GRAND STRAND COASTAL REALTY. Many national, big named banks will not finance a condotel. Posted Dec 5 2022, 13:44. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. 2318867 MLS. 2500 N Ocean Blvd. S - Koa Campground in Myrtle Beach - 2 bd 2 ba 0 ½ ba. In comes what we call our portfolio option for condotel financing. 2300 N Ocean Blvd. com to schedule your consultation. Property owners can generate higher returns than traditional mortgages and access more flexible loan terms. 32 days on Zillow. 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. It was a nice room close to the pool with a good open floor plan. 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. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. 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. 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. 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. The Ashworth Resort 102 N Ocean Blvd North Myrtle Beach, SC. - Condo for sale. 201 74th Ave N #2731, Myrtle Beach, SC 29572. But in general, the general consensus among condotel mortgage. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. 37 ACRES. The Best Courses, The Best Accommodations, The Best Prices. Many property owners also use their Myrtle Beach condotel for personal use. Most posts I've seen on this topic are old. Unit 5, Myrtle Beach — Birch N' Coppice $275,000. 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. Each condotel is a part of a large-scale property that operates similar to a hotel, with a wide range of amenities and resort-style features. Gene Carter: Cell 843-455-4785. 00. Bella. This oceanfront resort is located at 1105 S Ocean Blvd, Myrtle Beach, SC 29577. . 813 2nd Ave N. Bahama Sands Luxurious Oceanfront and Ocean View Condos. 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. North Myrtle Beach, SC 29582. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. Unit 839/840, Myrtle Beach $299,900. View Details. Foreign National Loans. Beach Pro Team, Gene Carter REALTOR. Or you can find a $1. 426%. 4856 Magnolia North Carnation Circle, Unit: 304, Myrtle Beach, SC 29577. CCNB offers special rates and terms for condotels in the Myrtle Beach area. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. 1 Beds. Financing/Investment. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. How to Avoid a Loan Denial New Changes To Condo Lending as of Dec 7th, 2020. Popular attractions Grand Theatre and Magnolia Lake are located nearby. com. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. Print . 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. An. 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. North Myrtle Beach Waterfront/Oceanfront Condominiums for Sale. 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. Units require at least a true 1 bedroom. Contact Us Today To Get Started. Located on a very quiet street. Condotel: A condominium project that is operated as a hotel with a registration desk, cleaning service and more. 6 Listings from $218,000. - Homes for sale presented by the Beach Pro Team: 843. In this article, we will explore the key. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. …. 19 Properties in Myrtle Beach from $119,000. Blog Author and CEO. New Changes To Condo Lending as of Dec 7th, 2020. 1 Baths. 36 homes. 107 Toby Ct. This two bed, two bath second floor end unit features an open floor plan and is being sold fully furnished. 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. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. More Details. Condo For Sale In Myrtle Beach, South Carolina. Myrtle Beach, SC. A condotel is just what it sounds like—a cross between a condominium and a hotel. Investment property loans Commercial & Residential Condo Hotel Loans. In all states, the principal licensed office of American Financial Network, Inc. Condo in Myrtle Beach. We consider loan-to-value ratios of up to 65%. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. 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. 3 bedroom, North Myrtle Beach SC 29582. -1. Coral Beach Bldg. , 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. Hard Rock Cafe Myrtle Beach. 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. 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. Or email us at gcho@gustancho. 2318867 MLS. Richmond CONDOTEL Financing. com®. We offer 3/1 ARM, 5/1 ARM, and 7/1 ARM Condo Hotel Mortgage Loan Programs, amortized over 30 years. 745 sq ft. . Condo Financing and Condotel Mortgages. Contact Information. Was approved for $80k to purchase a beach rental property to come and find out that the loan cannot be used to finance a condotel. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Any recommendations for lenders who offer 20% down on condotels. Live like a pampered guest in a Honolulu. 3 bds. In the 1960s, Folly Beach was quite a tourist destination and a new Oceanfront Plaza was built to replace the Oceanfront Hotel and Pavilion, which burned down in 1957. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. Sometimes one size doesn’t always fit all. Condo in Myrtle Beach. It sounds like Vegas. See BBB rating, reviews, complaints, contact information, & more. com. . Investment property loans Commercial & Residential Condo Hotel Loans. 455. 3bd. 29577, Myrtle Beach, Horry County, SC. By Adam Benson. Myrtle Beach, a scenic oceanfront community in South Carolina, offers both guests and residents miles of beaches, inland waterways, more than 100 golf courses, and activities for all ages. See pricing and listing details of Daytona Beach real estate for sale. Malibu Pointe Beach Club: 5 Listings from $285,000: Mar Vista Grande: 3 Listings from $769,500: North Beach Plantation: 17 Listings from $250,000: Prince Resort: 1 Listings from $372,900: Tilghman Beach And Golf Resort: 27 Listings from $320,000: More Myrtle Beach Condos for SaleBuying or selling a foreclosed condo in Myrtle Beach Area, SC,? Let The Harrelson Group help you in all your Myrtle Beach Area, SC foreclosed condominium needs. 60%. Prestwick, SC Home for Sale. [email protected]. Whether you are looking for exciting watersports or to dance the night away at Broadway at the Beach, The Caravelle. Sqft, n/a. This unit is at the Atlantica Resort, which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. $805,449. Do You Own Your Home? 2. U. Camelot By The Sea - Myrtle Beach Condos for Sale. Myrtle Beach Oceanfront Condotel STR Case Study. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. 475 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. 1 Baths. (843) 796-1358. The units are individually owned. Overbuilding. For assistance call 843-839-9870 or text STOP to cancel. Questions: 803-998-1000. The house always wins. 3bd. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. Minimum down payment of 15%. Trump International Hotel and Tower. 5 days on Zillow. Condotels Golf Colony Resort. 1,654 sq ft. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». This ground level 2-bedroom condo is located in the popular Seagate Village. 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. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. 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. 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. Condotel Mortgage Rates; Florida Condotel. Call ☎ (800) 697-4371. Condotel loans are available for up to $1. I am looking at Myrtle Beach for my first property. $242,900. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. For monthly updates on current listings and new closed sales, sign up for our Surfside Real Estate News, one of the 50 versions of our e-newsletter. Lauderdale, FL, etc. Enjoy an in-room DVD player, a TV, and cable/satellite TV. (843) 315-2535. Check your spelling. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. BridgeWell Capital professionals often finance investments in 10 days or less; no matter your current credit, financial, or employment situation. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. At MortgageDepot, we have access to a program designed especially for our clients who want to own a piece of paradise. 7/03/2020 - Zillow. Beach Park Resort - Myrtle Beach Condos for Sale. TRUE Private Money! Close in as little as 10 Days, No FICO Min. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. However, securing financing for such a unique property can be a complex process. Myrtle Beach SC. Condo For Sale In Myrtle Beach, South Carolina. CONDO RESOURCES. NMLS #5645 ǀ AZ Lender #BK-0906866 #MLB5645 On Q Financial, Inc. 2 Beds. 4785 -. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. 29582, North Myrtle Beach, Horry County, SC. There are 2,731 real estate listings found in Myrtle Beach, SC. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. Welcome. 161 Posts 128 Votes. Financing for Condos. The good news is that finding an affordable and desirable property to rent in Myrtle Beach, SC -- whether it’s. 2% within the next year. Department of Housing and Urban Development | 451 7th Street S. North Beach Plantation. 2 Bed. 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. Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage. especially in a popular tourist destinations like Myrtle Beach. Financing/Investment. com®. Regarding how you like to bank, we know one size doesn’t always fit all. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. Condotel loans are available for up to $1. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. A: 1515. Minimum down payment of 15%. Myrtle Beach, SC 29579; Office: 800. is a licensed lender. Try adding more details such as location. Explore the Coral Beach condos for sale in Myrtle Beach SC. 37 ACRES. This ground level 2-bedroom condo is located. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. is. Welcome to 2500 N Ocean Blvd, this gorgeous oceanfront condo has endless views of the Atlantic Ocean. Financing/Investment. Are You or Your Spouse 62 Years of Age or Older? 3. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. info@afbcarolinas. A Condotel Loan (condo hotel, condo-tel, Condo Hotel Financing, etc…. (843) 800-8484. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. Golf colony resort 5p. Pick the perfect place where watching the ocean from your balcony completely soothes your soul and encourages you to sit for hours and meditate. Stay at this business-friendly hotel in Murrells Inlet. Condos and Homes for Sale in Myrtle Beach. Don't. 813 2nd Ave N. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. Investor. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. 3910 Highway 17 South. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. Condotel properties must have a full. . View property. LOAN. View Tripadvisor's 53,350 unbiased reviews and great deals on house rentals in North Myrtle Beach, SCCoral Beach is a condominium community located in Myrtle Beach that offers a wide range of amenities to fit any lifestyle. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. Adam Benson The Sun News. This is a Condotel, and you must abide by the Wildwood Crest Ordinance which is located in Associated Docs. . An up to date guide to the Myrtle Beach real estate market including foreclosures and short sales. Call ☎ (800) 697-4371 info@afbcarolinas. Top Rated. . Although. 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. To view info on hundreds more resorts, go to our. We have the experience and knowledge to help you find the right condo insurance policy for your needs and budget. 00. com. In addition to the requirements above, any project with one or more of the following characteristics is ineligible. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. com (800) 697-4371. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. MORTGAGE CALCULATOR. * Conveniently Located near Myrtle Beach & North Myrtle Beach courses & attractions. Premium. North Myrtle Beach Branch. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. We also offer our Condo/Condotel Lender List and Closed Sales Histories. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact .