North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. 2 bathrooms. Brittany Baker Poster Pro. $242,900. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. Maximum 75% LTV. This condo comes fully furnished and offers fantastic upgrades throughout. APPLY NOW. You can also use this residence for ready and steady rental income. Blog Author and CEO. There are 2,731 real estate listings found in Myrtle Beach, SC. NMLS #5645 ǀ AZ Lender #BK-0906866 #MLB5645 On Q Financial, Inc. 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. Condotel unit buyers and commercial real estate investors who have any questions on Condotel Financing and/or commercial loans, please contact us at 800-900-8569 or text us for a faster response. View 24 photos of this 2 bed, 2 bath, 1045 sqft. it's equipped with all. The Preserve At Clam Farm: Folly Beach, SC. LOCATION. More Details. Unit 50905, Myrtle Beach — Sea Mist $47,000. A condominium hotel, sometimes called a condotel, is a condominium but operated and managed like a hotel. Condotel Financing and Non-Warrantable Condo Loans are Portfolio Mortgages are available with us at Florida Commercial Real Estate Loan Group. 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. 2013 New Condotel Financing According to Zillow, the median home value in Myrtle Beach is $167,958 and home values have gone up 2. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. . Investment property loans Commercial & Residential Condo Hotel Loans. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking at other properties, including standard condos. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. 3500 N Ocean Blvd (Prince Resort I), 3601 N Ocean Blvd (Prince Resort II), North Myrtle Beach, SC 29582. 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. Seaside Inn Resort is close to Barefoot Landing, Ocean Drive’s Main Street, The Tanger Outlets and the many shops, restaurants and attractions of North Myrtle Beach. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. Get in touch with a Myrtle Beach real estate agent who can help you find the home of your dreams in Myrtle Beach. Call 1-866-383-5345 or find a mortgage. For your protection, do not email your Account Number (s) or Social Security Number. SEARCH OUR SITE. Regarding how you like to bank, we know one size doesn’t always fit all. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. U. 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. 1 bed. Condotel: A condominium project that is operated as a hotel with a registration desk, cleaning service and more. View property. 455. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach North End Oceanfront Real Estate News, one of the 50 versions of our e-newsletter. 201 74th Ave N #2731, Myrtle Beach, SC 29572. In addition to the requirements above, any project with one or more of the following characteristics is ineligible. With a private balcony, these level 3 condominiums are angle oceanfront units. 1003 S Ocean Blvd. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. Our Mortgage Experts. 3bd. 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. 4 bds. N Unit H, Myrtle Beach, SC 29572. For one, a condo mortgage usually requires extra steps and additional paperwork. You can apply online or contact a mortgage specialist for more information. . Receive the Beach Pro Team’s current list of local. Condotel properties must have a full. 201 N 74th Ave. A condotel allows you to be an owner without the stress of maintenance. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. 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. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Contact us today at 843-232-7321!5905 South Kings Hwy Unit A418, Myrtle Beach, SC 29575. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. especially in a popular tourist destinations like Myrtle Beach. However, securing financing for such a unique property can be a complex process. 5/5. Dec. Condotels at SurfMaster is 9. But in general, the general consensus among condotel mortgage. $499,000. SEARCH OUR SITE. Department of Housing and Urban Development | 451 7th Street S. 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. Investment properties are eligible for the Condotel program. - Homes for sale presented by the Beach Pro Team: 843. (843) 272-8400. $387,000. High LTV and Interest-Only Options. 455. However, I'd really like to keep it at the 20% mark. Jumbo Mortgages/Adjustable Rate Loans. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. Come and. 107 Toby Ct. When people book a short-term rental, they typically. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. First Last. 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. 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. com®. Condo For Sale In Myrtle Beach, South Carolina. 36 homes. 40-Year Fixed IO. MORTGAGE CALCULATOR. There are 1,691 properties for sale in the city of Myrtle Beach . » Hotels in Myrtle Beach. It sounds like Vegas. Archives Personal Finance. 2 mi (16-min drive) away from the Myrtle Beach Intl. 3910 Highway 17 South. Seaside Realty Company Broker In Charge, E-Pro Certified. Regarding how you like to bank, we know one size doesn’t always fit all. Condo Financing and Condotel Mortgages. TRV69318---. 303% for a 15-year fixed, and 7. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). Seller willing to owner finance! Introducing this ocean view efficiency condo in the most fun place to stay in Myrtle Beach. GREY AREA. The dog-friendly winter rentals are available at reduced off-season rates. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. Write a review. com. This two bed, two bath second floor end unit features an open floor plan and is being sold fully furnished. 991 38th ave n, myrtle beach, sc, 29577. which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Touch device users, explore by touch or with swipe gestures. Our business is dedicated to providing those in beautiful Myrtle Beach with personalized, outstanding property management services. 9. Bay View Resort - Myrtle Beach Condos for Sale. Super comfortable and fully furnished, this u. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. . USDA. In this article, we will explore the key. . Located on the 10th floor in the Palmetto building, this. Myrtle Beach, SC 29579; Office: 800. Get a condo insurance quote online or call for advice. Myrtle Beach, SC 29579; Office: 800. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Many property owners also use their Myrtle Beach condotel for personal use. Blissful Mortgage Condo loans. 991 38th ave n, myrtle beach, sc, 29577. 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. Condo Financing and Condotel Mortgages. 1025 Highway 17 South. Myrtle Beach - Click Below For Columbia. $805,449. 1516 Edge Dr. View property. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. User Stats. (843) 796-1358. 161 Seawatch Drive, Myrtle Beach, SC. facebook; linkedin;. Coral Beach Bldg. Contact Us Today To Get Started. See BBB rating, reviews, complaints, contact information, & more. MLS# 2305975 / Sold. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. Loan Products. A 10% downpayment is required and there are no prepayment penalties. 2013 New Condotel Financing; Loan Process. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. Currently, there are 224 ACTIVE Condo Listings at this time for the Honolulu Condo Hotels for Sale category. 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. Unit 839/840, Myrtle Beach $299,900. They grossed roughly $44k in 2021 and had done $44k last year through October. info. info@afbcarolinas. 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…. Myrtle Beach Condos with an Angle Oceanfront View. Unfortunately, your hometown lender is not going to have such a program but the lenders on our list will. BridgeWell Capital professionals often finance investments in 10 days or less; no matter your current credit, financial, or employment situation. Pet Friendly. It offers in size, 1 beds and 1 baths. . North Myrtle Beach, SC 29582. Colorado Springs CONDOTEL Financing. 813 2nd Ave N. After all annual fees are paid ie. Click on any of the resorts below for current listings, floor plans, numbering grids, overviews, lists of amenities, and pictures - over 90 oceanfront and resort condo developments in. Sand Dunes Resort Condos For Sale. 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. Thu, 26 Oct 9:00 AM to 4:00 PM. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. 444. 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. Stay in touch with us at 843-999-0575 or email. M - F 8am -5pm. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. Owner Financing available for qualified buyers. . 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. $590,000. Help getting approved for a mortgage loan for a condo in Myrtle Beach SC (Also applies to all condos in SC). Sometimes one size doesn’t always fit all. 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. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Call ☎ (800) 697-4371. 4785 -. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. 00. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. 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. 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!!. The money you make from the rental can help you offset some of the costs and often create extra revenue. Financing/Investment. Teressa Carter: Cell 843-455-4787. 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. An. See pricing and listing details of Daytona Beach real estate for sale. CONDO FINANCING. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). 1,501 sqft. Visit hotel website. North Myrtle Beach, SC 29582. Units require at least a true 1 bedroom. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. Financing/Investment. 24 The Sandbar Hotel at 1804 S. Discover genuine guest reviews for Condotels Golf Colony along with the latest prices and availability – book now. $590,000. 745 sq ft. What Is A Condotel In Myrtle Beach. FOR SALE BY OWNER 0. 2300 N Ocean Blvd. Or you can find a $1. Located on a very quiet street. 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. 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. 2 Baths. 5905 S Kings Hwy Unit A418, Myrtle Beach, SC 29575 is for sale. 129 Cold Stream Cove Loop, Garden City Beach, SC 29576-9146. Get started with a free quote today. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. Those. 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. - Condo for sale. LOAN. . Whether you're a first-time homebuyer or an experienced investor, our expert team is here to guide you through the mortgage process. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. The good news is that finding an affordable and desirable property to rent in Myrtle Beach, SC -- whether it’s. This oceanfront resort is located at 1105 S Ocean Blvd, Myrtle Beach, SC 29577. * Premiere Fitness Center. However, securing financing for such a unique property can be a complex process. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. NEW - 4 HRS AGO FOR SALE BY OWNER. 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. A condohotel, or a condo hotel as it is also called, is a unique type of residential and rental property. VA Loans. 33. High LTV and Interest-Only Options. You can also use this residence for ready and steady rental income. (866) 803-2853. 3 bds; 2 ba; 1,501 sqft - For sale by owner. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. * Extra Luxurious 1 - 7 Bedroom Condos & Homes. The units are individually owned. The average sq ft home size of South Carolina Beachfront Condos & Villas For Sale Myrtle Beach SC is 956 square feet. S. We have a list of the best greens in the state and country. This unit features a full kitchen equipped with a full size fridge, rang. And we can tell you for a fact, yes you can! Buying a condo in Myrtle Beach can be a good investment in 2023. Individual owners have units, but they have. Monthly Real Estate News; Local News. Columbia, SC 29210. Department of Housing and Urban Development | 451 7th Street S. Compare different loan programs, rates, and down payments for your new. Call ☎ (800) 697-4371. Condotel loans are available for up to $1. 32 days on Zillow. Read More. 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. 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. 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. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. Condotels are typically high-rise buildings which are developed and operated as a luxury hotel and are usually found in major resorts and cities. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. Owner Financing available for qualified buyers. 1 bedrooms. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. How to Avoid a Loan Denial New Changes To Condo Lending as of Dec 7th, 2020. Call Us: (843) 839-2430. net. Myrtle Mike Thompson. 504 N Ocean Blvd Unit 708A&B, Myrtle Beach, SC 29577. Myrtle Beach, SC 29572Apache CampgroundResidential. 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. $242,900. 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. Leave a Comment. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. Unfortunately, your hometown lender is not going to have such a program but the lenders on. 3500 N Ocean Blvd. Posted Dec 5 2022, 13:44. Sheraton Myrtle Beach Convention Center Hotel. 8 Listings from $174,900. Welcome to your dream home at Apache Campground! This beautiful, new home is situated on a corner lot and offers plenty of space. Long-Term Fixed or ARM Rates. Welcome to Alpha Mortgage, the trusted name in home loans and mortgage solutions. It’s complicated (but we can make it easy for you). - Homes for sale presented by the Beach Pro Team: 843. Jumbo Loans. Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. The list is categorized by the types of loans each lender can provide and includes the lender's name, phone number, email and website. 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. 455. We also offer. Unit owners also have the option to place their. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. ft. Condotel loans are available for up to $1. 2013 New Condotel Financing; Loan Process. In all states, the principal licensed office of American Financial Network, Inc. Premium. Portfolio Financing for Condos and Condotels. In comes what we call our portfolio option for condotel financing. 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. 4. #K-3. Even if we can’t help ourselves, we may be able to point you in the right direction. Learn what factors lenders consider in underwriting a loan on a condo hotel unit. com®. At Movement Mortgage, we do offer condotel financing if the building is indeed a true condotel. I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. Specific property information is deemed reliable but is not guaranteed. Owner Financing available for qualified buyers. Unit 420, Myrtle Beach — Coral Beach $155,000. Powered By Inquiries. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. Currently, the condotel purchase market in South Beach, Panama. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. 455. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. 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. Enjoy all the. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. Leave a Comment. Condotel Mortgage / Condo-Tel Financing / Condops. Barefoot Rental Management 4999 Carolina Forest Blvd, Suite 12, Myrtle Beach, SC 29579. The condotel units can be placed on a rental program with the management who can rent the units out for short or long-term rentals. Bars. However, securing financing for such a unique property can be a complex process. Owner Financing available for qualified buyers. com. Compare the latest rates, loans, payments and fees for ARM and fixed-rate mortgages. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. 2 bds; 2 ba; 1,158 sqft - Condo for sale. com (800) 697-4371. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. Bahama Sands Luxurious Oceanfront and Ocean View Condos. Unit 1008, North Myrtle Beach — Prince Resort $355,000. Beach Cove Resort North Myrtle Beach. Angle oceanfront units are approximately $89,000 for one bedroom with a. 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. Website. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. Easy to finance. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. There is no maximum loan size on Condotel Financing Mortgage Loans.