property tax, personal property tax (furniture tax), rental commission (the rental company in my resort charges 40% of gross rentals), all fees associated with each rental ie. First Last. 219 Camber Rd, Huger, SC 29450. 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. To be in. For assistance call 843-839-9870 or text STOP to cancel. The project. Condotel financing cannot be financed through conventional loans. location of a barber shop, has sued a candidate running for council on Nov. net. More Details. A condotel combines short-term living units like a hotel and ownership units like a condo. Condotel Mortgage Rates; Florida Condotel. Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. . 2 units occupied and the third is having work done on it now. Nov 3, 2019 - Are looking to purchase a condo in Myrtle Beach, SC not knowing the difference is between a condotel and a condo and why it's important and really mattersIt is also just a short drive away from hundreds of restaurants, shops and other attractions. Condo Financing and Condotel Mortgages. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. Condotel-Loans Condotel Loan. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. . Columbia, SC 29210. Our local team of experienced financial advisors will work with you to develop a customized financial plan tailored to help you. Asset Depletion. 455. Bridge Dale • 2 years ago. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. Sand Dunes Resort Condos For Sale. Brittany Baker Poster Pro. Show more. 5 miles from Condotels Golf Colony Resort. You don’t have to mow the lawn or worry about shoveling snow. In this article, we will explore the key. Source: acmg. Coral Beach Bldg. 4 bds. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. Located on a very quiet street. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. THE EPITOME OF A LUXURY GOLF VACATION. Miami CONDOTEL Financing. com. 2. Unit 1-904, North Myrtle Beach — Yacht Club Villas $619,999. A condotel allows you to be an owner without the stress of maintenance. They grossed roughly $44k in 2021 and had done $44k last year through October. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. (843) 796-1358. 386 sqft. 3910 Highway 17 South. User Stats. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. Myrtle Beach, SC 29579; Office: 800. Unit 704, Garden City Beach — One Ocean Place $408,500. N Unit H, Myrtle Beach, SC 29572. especially in a popular tourist destinations like Myrtle Beach. ft. . Coral Beach. This unit features a full kitchen equipped with a full size fridge, rang. Guthrie "Always Mobile" (843) 446-3444. Categories > Condo Hotels for Sale in Waikiki. Typically, each of the units within a condotel is sold to an individual owner. 2 Baths. NEW - 4 HRS AGO FOR SALE BY OWNER. Good value. 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. - Homes for sale presented by the Beach Pro Team: 843. 991 38th ave n, myrtle beach, sc, 29577. Apply Now and Get a Quote Today! Get more details. Despite these challenges, condotel financing can be a lucrative investment if managed correctly. Great location!!!! just minutes from the beach, broadway at the beach, tons of dining options and golf courses. Financing Your New Home in Myrtle Beach. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. With more than 400 properties, Garden City Realty has a beach rental. Thu, 26 Oct 9:00 AM to 4:00 PM. 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,. 30-year fixed. Ocean Blvd. 8 Listings from $174,900. 1,654 sq ft. At Movement Mortgage, we do offer condotel financing if the building is indeed a true condotel. Questions: 803-998-1000. 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. 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. After all annual fees are paid ie. 1 bathrooms. Setup fee. Owner Financing available for qualified buyers. 1890 Auburn Ln, Myrtle Beach, SC 29575. condo with a list price of $179000. 0. 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. See BBB rating, reviews, complaints, contact information, & more. 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,. Provided Horry County. High LTV and Interest-Only Options. 1,000 Sq Ft. com (843) 446-4663. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. However, securing financing for such a unique property can be a complex process. When this occurs, we can offer. Myrtle Beach, SC 29579. 29577, Myrtle Beach, Horry County, SC. Financing/Investment. Financing/Investment. net. Condotel Mortgage / Condo-Tel Financing / Condops. You can contact the owner directly at. 2301 S Ocean Blvd, North Myrtle Beach, SC 29582. The Preserve at the Clam Farm's 62 luxury three- and four-bedroom townhouse condominiums, an ERA Tides Realty… read moreFrom the tiny, tight-knit town of Loris to the bustling boardwalk of The Beach, the 14 unique communities of Myrtle Beach offer their own attractions, atmosphere, perks, and properties, all with access to the sandy shores of the Atlantic and mild year-round temperatures. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. 106 Birch N Coppice Dr. com. Loan Products. Newly Renovated. . Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. Unit 1008, North Myrtle Beach — Prince Resort $355,000. Even if we can’t help ourselves, we may be able to point you in the right direction. Financing. . Enjoy an in-room DVD player, a TV, and cable/satellite TV. Leave a Comment. A condotel is just what it sounds like—a cross between a condominium and a hotel. 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. Those. In all states, the principal licensed office of American Financial Network, Inc. Fix and Flip Loans. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. 1. Thanks so. Unit 420, Myrtle Beach — Coral Beach $155,000. $387,000. Condotels International Inc. 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. Condotel Loans. 426% for a 30-year fixed, 6. Financing/Investment. $244,900. Subject property needs to be 100% residential (or livable) The units need. 991 38th ave n, myrtle beach, sc, 29577. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. 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. Call ☎ (800) 697-4371. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. 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. 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. 201 74th Ave N #2731, Myrtle Beach, SC 29572. Condotels are condominium projects, which are individually owned and operated as a hotel. 1 bath 400 sq ft 201 74th Ave N #2636, Myrtle Beach, SC 29572 (843) 492-4030 Owner Financing - Myrtle Beach, SC Home for Sale OWNER FINANCING AVAILABLE!!!!! No. RDunn@remn. #D. We have a list of the best greens in the state and country. * 5 Star Steak House Restaurant on-site. washer and dryer recently. Condotel Financing Guidelines. Units require at least a true 1 bedroom. To view info on hundreds more resorts, go to our. Myrtle Beach / Columbia; Myrtle Beach / Columbia. One Ocean Place is a highly sought after condominium complex in Garden City Beach. North Myrtle Beach Waterfront/Oceanfront Condominiums for Sale. Enjoy the. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. This ground level 2-bedroom condo is located in the popular Seagate Village. View Details. 5/5. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. Owner Financing available for qualified buyers. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. 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. $242,900. Pet Friendly. 455. This is a Condotel, and you must abide by the Wildwood Crest Ordinance which is located in Associated Docs. Many property owners also use their Myrtle Beach condotel for personal use. Or email us at gcho@gustancho. $242,900. Had some noise complaints the first night but they where delt with. Medieval Times Dinner & Tournament. 2 reviews. Depart. Gene Carter: Cell 843-455-4785. com (800) 697-4371. However, I'd really like to keep it at the 20% mark. . Of particular interest to many are "condotels," condos that operate like a hotel with staff, maid services, and offer another option for those looking to invest. Breakers Resort - Myrtle Beach Condos for Sale. 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. Department of Housing and Urban Development | 451 7th Street S. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. If you decide to invest in a short-term rental property in a condotel, here are four tips for getting started: 1. I've touched base with a lender who offers 25% and another lender who has 30% down. 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. The dog-friendly winter rentals are available at reduced off-season rates. 20%. Super comfortable and fully furnished, this u. Looking for reasons to do it or not do it. 1 bedrooms. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. Forums > South Carolina > Myrtle Beach - Conway area: Condotel purchase on the beach - Myrtle Beach User Name: Remember Me: Password. 504 N Ocean Blvd Unit 708A&B, Myrtle Beach, SC 29577. For your protection, do not email your Account Number (s) or Social Security Number. ) 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. Become a member or tee off for the day at a variety of courses from Pawleys Island to North Myrtle Beach. 37 ACRES. Condos and Homes for Sale in Myrtle Beach. UNIT 103-A North Myrtle Beach in Ocean Winds - Nmb - View all 26 photos. Gene Carter, CDPE Myrtle Beach Real Estate Sales 1-800-872-4488 GeneCarter@BeachProTeam. Get a quote Or, call 1-855-347-3939. Condotels have hotel-like amenities and services – unlike the conventional condominiums. North Myrtle Beach Branch. 2 Bed. 4785 -Campobello, South Carolina 1 contribution 1 helpful vote. Price cut: $14,999 (Nov 16) 6203 Catalina Dr UNIT 331, North Myrtle Beach, SC 29582. Contact us today and let Alpha. DSCR calculations as low as zero are eligible for the program. It offers in size, 1 beds and 1 baths. 9670 Shore Dr. Condotel properties must have a full. Condo For Sale $239,900. 37 ACRES. 2 bedrooms. $590,000. com®. 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. Discover genuine guest reviews for Condotels Golf Colony along with the latest prices and availability – book now. 2500 N Ocean Blvd. 1 bed. His knowledge and expertise is second to none. Condotel: A condominium project that is operated as a hotel with a registration desk, cleaning service and more. Many national, big named banks will not finance a condotel. However, securing financing for such a unique property can be a complex process. You can apply online or contact a mortgage specialist for more information. Bluewater Resort - Myrtle Beach Condos for Sale. $350,000. 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. 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. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 1105 S Ocean Blvd. 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. 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. $379,800. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. Type: ManufacturedHome, Year Built: 2021. . 107 Toby Ct. Sometimes one size doesn’t always fit all. We specialize in Condo Loans Financing for Warranted Condo Loans, Non-Warranted Condo Loans, Condotel Condo Loans, Primary Condo Loans and DSCR investment Condo loans for long and short term rentals. 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. 9670 Shore Dr. . But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. 20% “Regular” condos. . Investment property loans Commercial & Residential Condo Hotel Loans. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. RE/MAX SOUTHERN SHORES NMB. Borrowers must have owned any property type in the past 24. (866) 803-2853. . 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. Ocean Blvd. 1 bd; 1 ba; 537 sqft - Condo for sale. - Condo for sale. For your protection, do not email your Account Number (s) or Social Security Number. At Bankoh Investment Services, we take the time to get-to-know you and understand your financial needs and goals. 4 bds. 1515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. A: 1515. Dec. 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. 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. A 10% downpayment is required and there are no prepayment penalties. Myrtle Beach - Click Below For Columbia. Don't. Popular attractions Blackmoor Golf Club and The International Club of Myrtle Beach are located nearby. It offers short-term rentals for occupants, and it also maintains a front desk. 2. Super comfortable and fully furnished, this u. Receive the Beach Pro Team’s current list of local. Condotels. Condotel Mortgage Rates; Florida Condotel. Source: activerain. 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. Explore the Coral Beach condos for sale in Myrtle Beach SC. Best Western Ocean Sands Beach Resort - Traveler rating: 4/5. (843) 272-8400. Marriott's OceanWatch Villas at Grande Dunes - Traveler rating: 4. Myrtle Beach, SC 29579; Office: 800. It sounds like Vegas. At MortgageDepot, we have access to a program designed especially for our clients who want to own a piece of paradise. Thanks in advance. 00%. Condotels are condos that are run as resort properties and offer amenities such as check-in desks,. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. Seller willing to owner finance! Introducing this ocean view efficiency condo in the most fun place to stay in Myrtle Beach. Financing/Investment. Real Estate investment in Myrtle Beach, SC. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. 5/5. 2151 Bridgeview Ct. The units are individually owned. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. Most of the Myrtle Beach oceanfront high rises are condotels. 1033 World Tour Blvd UNIT 105, Myrtle Beach, SC 29579. 4800 S Ocean Blvd. Nice residents and friendly staff. 5905 South Kings Hwy Unit A418, Myrtle Beach, SC 29575. By Adam Benson. property tax, personal property tax (furniture tax), rental commission (the rental company in my resort charges 40% of gross rentals), all fees associated with each rental ie. 843. Hopefully, now you understand why your regime fees will easily be $400 to $1500 a month (depending on what condo development) you own. Any recommendations for lenders who offer 20% down on condotels. 32 days on Zillow. . Archives Personal Finance. 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. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. Posted Mar 20 2023, 12:00. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. - Homes for sale presented by the Beach Pro Team: 843. Located on a very quiet street. 3 bds. . Do You Own Your Home? 2. If you think that condotel ownership may be for you, we can help you apply for competitive condotel financing in Miami or the surrounding region. Minimum down payment of 15%. 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. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. Investment property loans Commercial & Residential Condo Hotel Loans. 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. CONDO FINANCING. #7 of 8 condos in Garden City Beach. Most posts I've seen on this topic are old. $242,900. 3 baths. Put our experience to work for you - our in-house condo team checks the financial soundness of the condo project. 745 sq ft. Low-Down-Payment loans : FHA. 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 v Contact Us. 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. View property. Source: activerain. 5 million dollar two bedroom, two bathroom oceanfront condotel unit in Hawaii. (843) 945-1880. Specific property information is deemed reliable but is not guaranteed. 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. com (800) 697-4371. * Extra Luxurious 1 - 7 Bedroom Condos & Homes. Trackback from your site. 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,. We have the experience and knowledge to help you find the right condo insurance policy for your needs and budget. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. There are 2,731 real estate listings found in Myrtle Beach, SC. Beach Pro Team, Gene Carter REALTOR. 2000 Highway 17 S. Popular attractions Grand Theatre and Magnolia Lake are located nearby. 1025 Highway 17 South. I know most of them are those condoels which apparently is an old term, but looking for insight. . 29582, North Myrtle Beach, Horry County, SC. By Alison Gregor. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. 2 bedroom, Wildwood Crest NJ 08260. 2000 Hwy 17 S. There are 1,691 properties for sale in the city of Myrtle Beach . UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. 0033, [email protected] Edge Dr. View property. Condotel loans are available for up to $1. Condotel-Loans Condotel Loan. Pick the perfect place where watching the ocean from your balcony completely soothes your soul and encourages you to sit for hours and meditate. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. 1,501 sqft. We also offer. Call ☎ (800) 697-4371. 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. Condo hotels are without doubt the most intelligent investment I've ever undertaken, and this investment has helped with some significant returns. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Live like a pampered guest in a Honolulu.