S Unit 816, Myrtle Beach — Coral Beach $170,000. Unit 1-904, North Myrtle Beach — Yacht Club Villas $619,999. Welcome to Alpha Mortgage, the trusted name in home loans and mortgage solutions. Welcome to your own private oasis with stunning ocean views! This one bedroom, one bathroom, condo in the Grande Cayman Resort offers the perfect blend of of comfort, style, and convenience. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 1905567 MLS. 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. 813 2nd Ave N. Apply Now and Get a Quote Today! Get more details. How to Avoid a Loan Denial New Changes To Condo Lending as of Dec 7th, 2020. 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. 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. With an average of 320 days of Florida sunshine each year – and 27 miles of sugar-white sands bordering the clear, emerald green waters where the Gulf of Mexico and St. 29577, Myrtle Beach, Horry County, SC. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. 3 Baths. 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. Your email address will not be published. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. Mortgages for Condos and Condotel financing in Myrtle Beach. 1 Bed. Written by jpinkas on August 17, 2018. Read More. Wells Fargo Bank. Anderson Ocean Club. 1,045 Sq Ft. After all annual fees are paid ie. Ocean Blvd. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. Known for its 60-mile stretch of beach called “The Grand Strand,” Myrtle Beach was first incorporated as a town in 1938 with a population of 5000 and then transformed into a city in 1957. Reasons To Refinance; Pre-Approval; Unlike hotels, where a corporation owns the whole hotel, in condotels each unit is sold separately similar to a condo. 2013 New Condotel Financing According to Zillow, the median home value in Myrtle Beach is $167,958 and home values have gone up 2. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. 33. Non-Warrantable Condos. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. Condotels International Inc. Owner Financing available for qualified buyers. . Help getting approved for a mortgage loan for a condo in Myrtle Beach SC (Also applies to all condos in SC). Financing a myrtle beach condotel. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. . Get in touch with a North Myrtle Beach real estate agent who can help you find the home of your. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. 3bd. 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. Financing/Investment. 455. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. Questions: 803-998-1000. Breath taking views from unit 708, a direct oceanfront 2 bedroom 2 bath lockout condo in the highly desirable Bay View Resort. Unit 50905, Myrtle Beach — Sea Mist $47,000. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. Although. 4785 -The average rent price in Myrtle Beach, SC, is $1,315. 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. 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 voted BEST RESORT ON. Blissful Mortgage Condo loans. Condotel financing terms. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. com (800) 697-4371. Trump International Hotel and Tower. 2. Coral Beach Bldg. Apply. Condo Financing and Condotel Mortgages. * 5 Star Steak House Restaurant on-site. 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%. Generally, I am able to review the condo project, and determine that the out-of-market lender is incorrectly classifying the condo project as a condotel. , 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. $480,000. 2 bedrooms. Financing/Investment. Or email us at gcho@gustancho. The Ashworth Condos For Sale. What Is A Condotel In Myrtle Beach. Myrtle Beach, SC. Investment properties are eligible for the Condotel program. 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. VA Loans. Call ☎ (800) 697-4371. . 60%. Hopefully, now you understand why your regime fees will easily be $400 to $1500 a month (depending on what condo development) you own. Welcome. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. North Myrtle Beach Branch. - Homes for sale presented by the Beach Pro Team: 843. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 387 sq ft. An. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. 29582, North Myrtle Beach, Horry County, SC. Owner Financing Available - Myrtle Beach, SC Home for Sale. Roy Dunn – Coastal Financing Guru. The house always wins. Building or project needs to be more than or equal to 50% for commercial – this will be determined by the appraiser. Condotel Financing Myrtle Beach, etc. Free parking. Thu, 26 Oct 9:00 AM to 4:00 PM. $590,000. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. 1990 N Waccamaw Dr. The good news is that finding an affordable and desirable property to rent in Myrtle Beach, SC -- whether it’s. 2 Baths. - Homes for sale presented by the Beach Pro Team: 843. DSCR calculations as low as zero are eligible for the program. Condotels Golf Colony Resort. Owners used as 2nd home. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. Borrowers can also email me at gcho@gustancho. Unfortunately, your hometown lender is not going to have such a program but the lenders on. Common questions are answered to help inform you about the way our ocean front condo market operates. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. 3 Baths. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. 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. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. Categories > Condo Hotels for Sale in Waikiki. Condotels are typically high-rise buildings which are developed and operated as a luxury hotel and are usually found in major resorts and cities. 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. NEW - 4 HRS AGO FOR SALE BY OWNER. 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. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. Jumbo Mortgages/Adjustable Rate Loans. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. North Myrtle Beach, SC 29582 (843) 444-LOAN (5626) wp@444loan. Office: 800-872-4488. . Myrtle Beach, SC 29579. The dog-friendly winter rentals are available at reduced off-season rates. 0033, [email protected] Edge Dr. Book Bay Watch Resort & Conference Center, North Myrtle Beach on Tripadvisor: See 2,665 traveler reviews, 1,320 candid photos, and great deals for Bay Watch Resort & Conference Center, ranked #12 of 55 hotels in North Myrtle Beach and rated 4. * Premiere Fitness Center. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. 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. Unit 1008, North Myrtle Beach — Prince Resort $355,000. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Good value. Source: acmg. location of a barber shop, has sued a candidate running for council on Nov. FOR SALE BY OWNER 0. It’s complicated (but we can make it easy for you). Add in the area’s relatively low cost of living, and it’s not surprising to see. Condotels International Inc. Contact Us Today To Get Started. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Unit 839/840, Myrtle Beach $299,900. Direct oceanfront corner lockout now available at Boardwalk Beach Resort in the heart of Myrtle Beach! This renovated, turnkey 2 bedroom, 3 full. The Caravelle Resort: 6900 N. Enjoy oceanfront views from this 7. Come and. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. November 30, 2023. Whether you are looking for exciting watersports or to dance the night away at Broadway at the Beach, The Caravelle. Ripley's Aquarium of Myrtle Beach. 3bd. This unit features a full kitchen equipped with a full size fridge, rang. Powered By Inquiries. Welcome to your dream home at Apache Campground! This beautiful, new home is situated on a corner lot and offers plenty of space. Financing Condos in Myrtle Beach Can Be Tricky. Patricia Grand Resort Hotel welcomes two dogs up to 20 lbs in designated rooms for an additional fee of $20 per pet, per night (up to $150 per week). 2 Beds. net. 1,501 sqft. Discover genuine guest reviews for Condotels Golf Colony along with the latest prices and availability – book now. Former Atlantic Beach town manager William Booker, who owns the 3310 Highway 17 S. 4 bds. 2% within the next year. 1% over the past year and Zillow predicts they will fall -2. Enjoy the. Airport (MYR) airport, the closest popular airport to the property. This is a Condotel, and you must abide by the Wildwood Crest Ordinance which is located in Associated Docs. * Previously under contract and buyer could not qualify so BACK ON THE MARKET. By Alison Gregor. 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. . CCNB offers special rates and terms for condotels in the Myrtle Beach area. com. Now we’re seeking a publicly traded condotel management company. North Myrtle Beach, SC 29582. In this article, we will explore the key. com (800) 697-4371 facebook And we can tell you for a fact, yes you can! Buying a condo in Myrtle Beach can be a good investment in 2023. A new modern luxury condo hotel is now being offered on the tree-lined shores of serene Lake Austin, with access to a local resort with…. Property owners can generate higher returns than traditional mortgages and access more flexible loan terms. Become a member or tee off for the day at a variety of courses from Pawleys Island to North Myrtle Beach. Owners use short-term rentals to generate income, listing them on platforms. Fannie Mae does not mind nightly. 2023. Beach Cove Resort North Myrtle Beach. If you're looking for monthly condo rentals in Myrtle Beach, SC, book today with Condo-World! Arrive. When you're ready to buy, we'll be here to help. To view info on hundreds more resorts, go to our. #D. Bella. 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. Subject property needs to be 100% residential (or livable) The units need. condotel financing situation is “as good as it gets!” A little-known “secret” is that condotels (condos in developments with check. 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. 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. facebook; linkedin;. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. Receive the Beach Pro Team’s current list of local. com. Discover genuine guest reviews for Condotels at Coldstream Cove along with the latest prices and availability – book now. (866) 803-2853. Unit 839/840, Myrtle Beach $299,900. 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. When this happens, I am able to obtain a regular,. No appointments necessary. Indeed, when looking to rent in Myrtle Beach, SC, you can expect to pay as little as $570. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. . (843) 444-LOAN (5626) [email protected] Reconsider the ‘Condotel’. Bridge Dale • 2 years ago. About the. 1,000 Sq Ft. After extensive searching, you have found a great gulf front condominium with a strong onsite rental program, and restaurant, indoor and outdoor pools and lots of other great amenities. 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. Call Us: (843) 839-2430. The project. 20% “Regular” condos. CCNB offers several flexible checking and savings accounts so you can live on your own terms and find an account that suits you best. Individual owners have units, but they have. Currently, the condotel purchase market in South Beach, Panama. Condotel Mortgage Rates; Florida Condotel. 1210 Absolute Beach. A grassroots organization made up of legacy property owners in Atlantic Beach are suing town leaders and a developer with plans to build a $100 million high rise hotel along prized beachfront land. » Hotels in Myrtle Beach. 13 Myrtle Beach Boardwalk Condos for Sale. RE/MAX SOUTHERN SHORES NMB. (843) 796-1358. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. 00. 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. $242,900. I. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. Show more. Provided Horry County. Thanks so. See BBB rating, reviews, complaints, contact information, & more. 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. 475 sq ft. Now we’re seeking a publicly traded condotel management company. $189,000 and up - Condo Hotel. The units are individually owned. $242,900. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. 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. - Condo for sale. Inquiries. 4785 -. S. This ground level 2-bedroom condo is located. condo with a list price of $214900. A perfect beach retreat, Heron Pond is a condo complex on the north end of Myrtle Beach and a short walk to the ocean. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Maximum 75% LTV. 161 Posts 128 Votes. A condotel combines short-term living units like a hotel and ownership units like a condo. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Bahama Sands Luxurious Oceanfront and Ocean View Condos. . It was a nice room close to the pool with a good open floor plan. , Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455Myrtle Beach. Units require at least a true 1 bedroom. 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. Typically, each of the units within a condotel is sold to an individual owner. High LTV and Interest-Only Options. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». The. - Condo for sale. Condo For Sale In Myrtle Beach, South Carolina. Unit 420, Myrtle Beach — Coral Beach $155,000. Required fields are marked *Stay at this hotel in Surfside Beach. Expanded Investor Loans. A condotel is a. Condotels. 1033 World Tour Blvd UNIT 105, Myrtle Beach, SC 29579. Unit 1002, Myrtle Beach — The Palms $549,999. APPLY NOW. 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. 1 bed. This ground level 2-bedroom condo is located. 2013 New Condotel Financing; Loan Process. This efficiency ocean view unit has a spectacular view down The Myrtle Beach coastline with a North Sunrise view. Condotel loans are available for up to $1. Owner Financing Available - Myrtle Beach, SC Home for Sale. We also offer our Condo/Condotel Lender List and Closed Sales Histories. They grossed roughly $44k in 2021 and had done $44k last year through October. Is this Your. Most posts I've seen on this topic are old. Our. . Posted Dec 5 2022, 13:44. 2207 S Ocean Blvd #809, Myrtle Beach, SC 29577. R. 4800 S Ocean Blvd. Buying a condo is a lifestyle choice. A condo insurance policy protects what your homeowners association (HOA) doesn’t. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. 4066-C Taranto Loop UNIT 5203-C Myrtle Beach in Bella Vita Garden Homes - View all 22 photos. Stunning views you won't want to miss from this oceanfront condo at Prince Resort in the Cherry Grove section of North Myrtle Beach! This two-bedroom, two-bathroom unit o. 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. 30 Year Fixed. (843) 945-1880. 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. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Qualification based on Property Income, Not Your Income. In addition to the requirements above, any project with one or more of the following characteristics is ineligible. 426% for a 30-year fixed, 6. Pet Friendly. The condo can even be 5 miles from the “check-in desk”. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. Refer to and input NMLS #237341 to see where American Financial Network, Inc. com to schedule your consultation. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. Sqft, n/a. North Myrtle Beach, SC 29582. 19 Properties in Myrtle Beach from $119,000. MLS# 2305975 / Sold. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. Myrtle Beach, SC 29577. - Homes for sale presented by the Beach Pro Team: 843. After all annual fees are paid ie. Do You Own Your Home? 2. Lauderdale, FL, etc. First Last. Myrtle Beach, SC 29579; Office: 800. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. 3500 N Ocean Blvd. City-Data Forum > U. Don’t miss out on this rare opportunity to live in the well sought after Birch N Coppice community! This 3-bedroom 2-full bathroom end. 745 sq ft. There is a lot of bad advice on the internet about condotels. Sometimes one size doesn’t always fit all. Maximum 75% LTV. Richmond CONDOTEL Financing. Condo For Sale In Myrtle Beach, South Carolina. Receive the Beach Pro Team’s current list of local. 4785 -When it comes to planning for your financial future, there is no such thing as one-size fits all. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach Downtown Oceanfront Condos Real Estate News, one of the 50 versions of our e-newsletter. 5/5. Unit owners also have the option to place their. 5 million. What a unit owner owns is typically different than what a unit owner owns in a typical. 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. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. Another Myrtle Beach hotel with towering views of the Atlantic Ocean is for sale. Bedroom in Myrtle Beach SC. Posted Mar 20 2023, 12:00. GRAND STRAND COASTAL REALTY. 537 Sq. condo with a list price of $179000. 32 days on Zillow. 3 bds; 2 ba; 1,501 sqft - For sale by owner. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. Condo For Sale In Myrtle Beach, South Carolina. Low-Down-Payment loans : FHA. Featured Resorts in Myrtle Beach, SC Bay View Resort. $499,000. -1. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. - Homes for sale presented by the Beach Pro Team: 843. 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. 2318867 MLS. 37 ACRES. Stay in touch with us at 843-999-0575 or email. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort.