1,000 Sq Ft. North Myrtle Beach, SC 29582. Leave a Comment. November 30, 2023. Typically, each of the units within a condotel is sold to an individual owner. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 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. 2 bathrooms. The condo can even be 5 miles from the “check-in desk”. View property. 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. 4785 -Personal Banking. *A $250 refundable cash security deposit is required upon check-in for this unit type. com. There is a lot of bad advice on the internet about condotels. condo with a list price of $179000. 4 bedrooms. Welcome to 2500 N Ocean Blvd, this gorgeous oceanfront condo has endless views of the Atlantic Ocean. Your email address will not be published. The money you make from the rental can help you offset some of the costs and often create extra revenue. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. Best Western Ocean Sands Beach Resort - Traveler rating: 4/5. com®. 129 Cold Stream Cove Loop, Garden City Beach, SC 29576-9146. Unit owners also have the option to place their. Camelot By The Sea - Myrtle Beach Condos for Sale. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment. During the pandemic, rates on 30-year fixed mortgages fell below 3 percent. $97 night. Mortgages. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Learn about Myrtle Beach Home Loans, First Mortgages, Second Home Loans, Condotels, FHA and VA Loans, Any Credit. Receive the Beach Pro Team’s current list of local condo and. 29450, Mount Pleasant, Charleston County, SC. Myrtle Beach, SC 29579. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. 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. Today’s mortgage rates in Myrtle Beach, SC are 7. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. CONDO FINANCING. 1 Baths. $350,000. The Ashworth Condos For Sale. Master bedroom has 2 closets. 08260, Wildwood Crest, Cape May County, NJ. North Myrtle Beach, SC 29582. Blog Author and CEO. 2000 Highway 17 S. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. If you need a Condo Hotel purchase mortgage loan or a Condo Hotel refinance mortgage loan, please contact us at Gustan Cho Associates at 1. $244,900. . Investment property loans Commercial & Residential Condo Hotel Loans. North Myrtle Beach, SC 29582. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Investment properties are eligible for the Condotel program. net. - Condo for sale. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. And we can tell you for a fact, yes you can! Buying a condo in Myrtle Beach can be a good investment in 2023. 2. $189,000 and up - Condo Hotel. This ground level 2-bedroom condo is located. 455. You can apply online or contact a mortgage specialist for more information. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. Nestled in the heart of Myrtle Beach next door to the famous Sea Mist Resort and Landmark Resorts guests can find an oasis where family, fun, surf, and sun all go hand in hand. com (843) 446-4663. 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. Mortgage rates for condos and other types of properties have been volatile in recent years. 1,045 Sq Ft. com (800) 697-4371. 2% within the next year. When this occurs, we can offer. Type: ManufacturedHome, Year Built: 2021. Owner financing available beycome. Our local team of experienced financial advisors will work with you to develop a customized financial plan tailored to help you. Patricia Grand Resort Hotel. Marriott's OceanWatch Villas at Grande Dunes - Traveler rating: 4. 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. Now we’re seeking a publicly traded condotel management company. In November 2023, the average monthly cash on cash return in Myrtle Beach is 3. 2 mi (16-min drive) away from the Myrtle Beach Intl. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. Borrowers must have owned any property type in the past 24. 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. $242,900. 29577, Myrtle Beach, Horry County, SC. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). Qualification based on Property Income, Not Your Income. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. especially in a popular tourist destinations like Myrtle Beach. Condotels International Inc. We also offer. After all annual fees are paid ie. 843. Bahama Sands Luxurious Oceanfront and Ocean View Condos. 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. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. No appointments necessary. 455. 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. North Myrtle Beach, SC 29582. You don’t have to mow the lawn or worry about shoveling snow. com. Dec. View property. Condotel Loans. 1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. Owner Financing available for qualified buyers. Which condo hotels in North Myrtle Beach are good for families?1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. 1 Beds. 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. 1601934 MLS. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. 4785 -The average rent price in Myrtle Beach, SC, is $1,315. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. A condo insurance policy protects what your homeowners association (HOA) doesn’t. - Homes for sale presented by the Beach Pro Team: 843. Condotel Mortgage / Condo-Tel Financing / Condops. 2300 N Ocean Blvd. View Hotel. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. Best-located and Equipped North Myrtle Beach Condos. Dec. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. 1 Listings from $649,900. 5/5. 60%. 455. The financing assumes a 20% down payment and 20-year term. November 1, 2023. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. This ground level 2-bedroom condo is located in the popular Seagate Village. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. 1207 S Ocean Blvd. com (800) 697-4371. Call ☎ (800) 697-4371 info@afbcarolinas. NEW - 4 HRS AGO FOR SALE BY OWNER. Unit 839/840, Myrtle Beach $299,900. 00, with the average rent median estimated to be $1,250. Ocean Blvd. As the best rated local lender since 1983, we offer a wide range of financing options tailored to your needs. - Condo for sale. 1990 N Waccamaw Dr. Beach Park Resort - Myrtle Beach Condos for Sale. 36 homes. 9. These rentals, including the outside marketing of them, are handled directly by the management company. * Previously under contract and buyer could not qualify so BACK ON THE MARKET. Spend your time in the warmer weather enjoying this Beautiful home located in the permanent section of the KOA Campground!At Fidelity Home Group, we are Condotel Financing Florida mortgage experts! The Condotel also known as the Condo Hotel is quickly becoming popular in Florida as an investment opportunity. Owner Financing available for qualified buyers. Does Condotels at SurfMaster have an airport shuttle?According to a study that evaluated condo-hotels in the Florida state and projected returns over a five-year period from 2006 to 2011 the return rate is usually 1%. OK Myrtle Beach Hard Money Lender, BBB A+ Rated, Excellent Rehab Program for Fix-to-Flip Projects. Beach Cove Resort offers two and three bedroom oceanfront condos. #7 of 8 condos in Garden City Beach. com. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. M - F 8am -5pm. Myrtle Beach II 8216 Devon Ct Suite 102 Myrtle Beach, SC 29572 ; NE Ohio 1991 Crocker Road, Suite #204 West Lake, OH 44145 ; 888-653-5052; NY MTG Expert. Beach Colony. Brighton Tower Overview. Located in the heart of Myrtle Beach, The Caravelle Resort Myrtle Beach SC makes it easy to enjoy all of the delicious restaurants, golfing, adventure, shopping, and entertainment that the Grand Strand has to offer. 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. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. condo with a list price of $214900. By Alison Gregor. . Unit 1008, North Myrtle Beach — Prince Resort $355,000. Breakers Resort - Myrtle Beach Condos for Sale. Bridge Dale • 2 years ago. A Condotel Loan (condo hotel, condo-tel, Condo Hotel Financing, etc…. Indoor Pools. Financing/Investment. Subject property needs to be 100% residential (or livable) The units need. 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. There are 2,731 real estate listings found in Myrtle Beach, SC. Fannie Mae does not mind nightly. 4 bds. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. When people book a short-term rental, they typically. Condo For Sale In Myrtle Beach, South Carolina. 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. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. Financing/Investment. 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. 3 beds. . …. Angle oceanfront units are approximately $89,000 for one bedroom with a. Beach Pro Team, Gene Carter REALTOR. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». 2318867 MLS. Loan Process. (843) 628-3604. 2 Baths. Mortgages for Condos and Condotel financing in Myrtle Beach. Condotel Financing and Non-Warrantable Condo Loans are Portfolio Mortgages are available with us at Florida Commercial Real Estate Loan Group. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. ) Purchase, R&T and C/O Refinance; Full Documentation Only; 680 FICO Minimum; Fixed 30 & 15; ARM: 3/1, 5/1, 7/1; 80% LTV to $625K max. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). It offers short-term rentals for occupants, and it also maintains a front desk. (866) 803-2853. User Stats. 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. Petersburg CONDOTEL Financing. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Although. How to Avoid a Loan Denial New Changes To Condo Lending as of Dec 7th, 2020. com. Apply. Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage. 4785 -. - Homes for sale presented by the Beach Pro Team: 843. U. $159,900. When you're ready to buy, we'll be here to help. Contact us today and let Alpha. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. com®. 1 Beds. This one-time fee typically varies anywhere from $250-$500 per unit and it covers the cost of setting up your account with a property management company. not a Non-Warrantable Condo loan) will fund up to 70% LTV nationwide, full documentation, 12 months PITI on all properties owned at close required, 680 min fico, rates start in the low 5s, 3/1, 5/1, 7/1, 30 and 15 year terms available. In comes what we call our portfolio option for condotel financing. 18, 2009. Apply Now and Get a Quote Today! Get more details. SEARCH OUR SITE. 30 Year Fixed. 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. Condotel-Loans Condotel Loan. 2 bedrooms. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. 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. 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. DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. Contact Information. For one, a condo mortgage usually requires extra steps and additional paperwork. 219 Camber Rd, Huger, SC 29450. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. By Alison Gregor. Blissful Mortgage Condo loans. com. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. 5/5. 613-610 5th Ave. Myrtle Beach - Click Below For Columbia. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. 9700 Kings Rd. Monthly Real Estate News; Local News. By Adam Benson. Sea Mist Eff/1BA oceanview condo. 1033 World Tour Blvd UNIT 105, Myrtle Beach, SC 29579. Any recommendations for lenders who offer 20% down on condotels. info@afbcarolinas. #K-3. We offer 30- and 40-year fixed-rate mortgages, as well as 5/6 and 7/6 adjustable-rate mortgages (ARMs). 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. 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. . No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy ed-Full Kitchen!! Coral Beach Resort is Continually voted BEST RESORT ON THE BEACH!!. USDA. Our business is dedicated to providing those in beautiful Myrtle Beach with personalized, outstanding property management services. Pre-Sale Studio and 1 Bedroom Orlando Condo Hotel. Overbuilding. Bella. CONDO FINANCING. - Homes for sale presented by the Beach Pro Team: 843. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. $499,000. 2023. Jumbo Mortgages/Adjustable Rate Loans. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. * Only AAA 4 Diamond, 5 Star Resort in the area. The house always wins. Learn how to finance a condotel in Myrtle Beach SC with local mortgage lenders and experts. LendSure Mortgage Corp. 201 74th Ave N #2731, Myrtle Beach, SC 29572. especially in a popular tourist destinations like Myrtle Beach. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. However, I'd really like to keep it at the 20% mark. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. 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. The spacious oceanfront and ocean view 2 and 3 BR floor plans feature granite. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. Try more general words. 455. which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. - Homes for sale presented by the Beach Pro Team: 843. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). Powered By Inquiries. We also offer our Condo/Condotel Lender List and Closed Sales Histories. . 2ba. ABC Mortgage Company is located in Myrtle Beach, serving Horry County, Georgetown County along with the rest of the state of South Carolina. We offer 3/1 ARM, 5/1 ARM, and 7/1 ARM Condo Hotel Mortgage Loan Programs, amortized over 30 years. The Caravelle Resort: 6900 N. Sometimes one size doesn’t always fit all. Non-Warrantable Condos. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. Myrtle Beach Condos with an Angle Oceanfront View. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Lastly, most out-of-town lenders are not going to have a condotel loan program available in the event that the condo is accurately classified as a condotel. S. Myrtle Beach SC. For assistance call 843-839-9870 or text STOP to cancel. (843) 796-1358. info. 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. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. . Golf colony resort 5p. Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. 2300 N Ocean Blvd. 161 Posts 128 Votes. 32 days on Zillow. CONDO RESOURCES. Try adding more details such as location. . 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. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. 1 Baths. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. $480,000. Andrew Bay converge – Panama City Beach is a favorite of travelers seeking an affordable beach vacation with year round offerings. Most of the Myrtle Beach oceanfront high rises are condotels. Condo For Sale In Myrtle Beach, South Carolina. 2 Baths. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. View our North Myrtle Beach real estate area information to learn about the weather, local school districts, demographic data, and general information about North Myrtle Beach, SC. We also offer. Show more. 955 Condos For Sale in Myrtle Beach, SC. 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. This condo comes fully furnished and offers fantastic upgrades throughout. 1105 S Ocean Blvd. Unit 5, Myrtle Beach — Birch N' Coppice $275,000. 2000 Hwy 17 S. info. Search our selection of vacation condos and homes from Litchfield Beach to the south-end of Myrtle Beach. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. . (843) 272-8400. com. Beach Cove Resort - Traveler rating: 4/5. The dog-friendly winter rentals are available at reduced off-season rates. Full pet policy & more. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. Setup fee. Stay in touch with us at 843-999-0575 or email. condo with a list price of $179000. Financing Your New Home in Myrtle Beach. Call ☎ (800) 697-4371. Long-Term Fixed or ARM Rates. Currently, the condotel purchase market in South Beach, Panama. Lauderdale, FL, etc.