550 sq ft. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. Coral Beach Bldg. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). 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. Elliott Beach Rentals has been specializing in professional management of beach homes and condos since 1959. 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. Condotel. The beaches are buzzing with locals and vacationers alike eager to soak up the warm South Carolina rays, the boardwalk is alive and action-packed, and the delicious restaurants and overflowing with hungry patrons. We also provide first-rate, friendly service for every member. Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage. Typically, each of the units within a condotel is sold to an individual owner. 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. 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. CONDO SPECIALISTS. No Income Verification, No Tax Returns. 4999 Carolina Forest Blvd, Suite 12, Myrtle Beach, SC 29579. Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Minimum Credit Score: 575. A condotel is a condo unit that is operated as a hotel. 3 bed. CENTURY 21 Real Estate › South Carolina › Myrtle Beach Homes for Sale › Myrtle Beach Condos for Sale. If you are looking in Charleston County, the average price soars up to $505,000. The project must have at least five units. South Carolina Beachfront Real Estate For Sale currently has ninety (90) for sale on MLS. South Carolina gives tax breaks to certain people, but only as primary residents. Condotels and Garden City Realty Real Estate, Vacation Rental Property Management, and Vacation Rentals Condotels and Garden City Realty welcome you to experience the. At Acorn Finance, our platform creates an element of competition for lenders, benefiting both you and them. Toll Free: 1-888-667-1772. But with a condotel, you can purchase a property that is available for your personal use and it can come with a much lower price tag. Individual owners have units, but they have. SECTION 27-31-60. Mortgage rates for condos and other types of properties have been volatile in recent years. Home; About Us. North Myrtle Beach, SC 29582. Zip Code. Condotel is a mixed term that combines “condominium” and “hotel. Regarding Condotel or Non-Warrantable Condos, the lender will generally hold onto these loans. com. Restaurants near Condotels at One Ocean Place, Garden City Beach on Tripadvisor: Find traveler reviews and candid photos of dining near Condotels at One Ocean Place in Garden City Beach, South Carolina. First Home Equity Loans is a resource for many different loan types for investors, including Condotel Financing. . Deferred payments to start. $639,900. $590,000. The largest property for sale is 3,174 sqft and smallest 307 sqft. Condotels at One Ocean Place: Nice view, pool and hot tub - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Condo-hotels buyers are usually required to put a minimum of 20% down payment although a higher down payment could be required on a larger purchase price. First Last. In this second part of our blog series on condominiums and condotel financing, we will explore the ad. ) § 47C-1-102. Submit your clients' mortgage applications through our secure online platform. If you are interested in a condotel purchase loan or a condotel refinance mortgage loan please contact us at Non-QM Mortgage Brokers at 800-900-8569 or text us for a faster response. A condotel, or condo-hotel, is a unique style of property ownership that operates as both a residence and a rental unit. 1105 S Ocean Blvd. 438. We consider loan-to-value ratios of up to 65%. One Ocean Place is an oceanfront complex comprised of two-to. You will be contacted by one of our experts to confirm your information and validate authorization. Alpha Mortgage is licensed in North Carolina (L-113831), Virginia – Licensed by Virginia State Corporation Commission (MC-4927), South Carolina (#93265. Encompassing six buildings with 380 units, this contemporary property includes amazing…. 2. Ameris Bank is a full-service financial institution serving customers a variety of mortgage loan options in the Southeast and Mid-Atlantic, with locations in Alabama, Florida, Georgia, Maryland, North Carolina and South Carolina, Tennessee and. 3910 Highway 17 South. (2) "Disclosure statement" means a residential property condition disclosure statement written on a form as required by this article and as promulgated by regulations of the commission. As for home appreciation, values have increased 5. Cash-out refinance mortgage loans on a manufactured home requires a loan to value. 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. We now offer Condotel and Non-Warrantable Condo Financing which are portfolio loans with 25% down payment. When this occurs, we can offer. Low rates and flexible payment terms come standard with all South Carolina Federal auto loans. On January 1, 2022, the updated Fannie Mae condominium lending guidelines went into effect. Typically, a minimum down payment of 20% will be required. When people book a short-term rental, they typically. Grateful in Advance - thanks!Condotels at Surfmaster: Surf Master in Garden City Beach, S. LuciaThe average rent price in Myrtle Beach, SC, is $1,319. 596 sq ft. Long-Term Fixed or ARM Rates. Condotels are classified as non-warrantable condos. 5. Several financial pros come with retiring in South Carolina. Most Condotel Loans close in 21 days or less. There was a time for the past three years that not a single mortgage lender would touch a Condotel unit. 1. ARM and 30 Year-Fixed Options available. Call ☎ (800) 697-4371Condotels at One Ocean Place: Beautiful Place ! - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. The Villas at Old South is a community of condos in Bluffton South Carolina offering an assortment of beautiful styles, varying sizes and affordable prices to choose from. Restaurants near Condotels at One Ocean Place, Garden City Beach on Tripadvisor: Find traveler reviews and candid photos of dining near Condotels at One Ocean Place in Garden City Beach, South Carolina. At Acorn, let the best loan offer find you on our secure and user-friendly platform. California home buyers with credit scores as low as 580 FICO can now qualify for California home loan with bad credit. During the pandemic, rates on 30-year fixed mortgages fell below 3 percent. Minimum down payment of 15%. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. MORTGAGE CALCULATOR. Portfolio Financing for Condos and Condotels. Address Line 2. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. with a major in real estate will also qualify. But it is a problem I almost guarantee you'll run across if you're financing a. If you decide to invest in a short-term rental property in a condotel, here are four tips for getting started: 1. 18, 2009. Spartanburg, South Carolina 27 contributions 12 helpful votes. During the pandemic, rates on 30-year fixed mortgages fell below 3 percent. Jerry Pinkas Real Estate Experts. The units are […] Project Standards Requirements - Condotels. No minimum square feet. View property. COMMERCIAL. Comparing terms and consulting with financial experts can help you choose the best option. Blissful Mortgage is your Condo Mortgage loan experts with 17 years of experience. Re-Blog. Read more here: AllProperties Latest Blogs. 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. * * OPEN HOUSE THIS SUNDAY NOVEMBER 5TH FROM 12PM TO 2PM * * Seller is offering Owner Financing rates and terms, please contact your agent for more details! If they are purchasing a condotel unit, it is considered investment property condotel units; On investment property condotels, 40% down payment is required and/or 60% LTV on refinance condotel mortgages; For more questions on Florida Condo Hotel Mortgage Loans, contact us at Gustan Cho Associates at 800-900-8569 or text us for faster response. 1025 Highway 17 South. If you are interested in condotel loans and non-warrantable condo loans, please contact us at Gustan Cho Associates at 800-900-8569 or text us for a faster response. In the example used above, the property brings in $1,500 monthly with a monthly payment of $1,000. - Condo for sale. Mortgage rates for condos and other types of properties have been volatile in recent years. . 4 Beds 2. This rented condominium is situated on the Garden City Beach. S. Safe area of Garden City , yet close enough for a quick drive to anything you could need or want. We’ll point out important items to help you understand what’s on your credit profile. 2318867 MLS. Subscribe now. Beach is very clean, no trash, no seaweed even! Waves are crazy!! The undertow can be very strong, but there is a lifeguard from about 9-5 daily. 1040 South Federal Highway, Hollywood, FL 33020. ) to find Myrtle Beach, SC apartments for sale according to your specific needs. The minimum loan amount must be 10000$. Qualification based on Property Income, Not Your Income. (843) 628-3604. 4 - 8 Guests 2 - 3 Bedrooms 2 - 3 Bathrooms. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. Condotels at One Ocean Place: Fabulous Holiday - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Our Mortgage Experts. 75% of a refinance mortgage on a manufactured home. Like favorite_border. Mortgage Bankers hours 8am-5pm (PT) Airbnb/VRBO Financing. (a) This Chapter applies to all condominiums created within this State after October 1, 1986. We would love to have a chance to connect you to a condotel loan which can serve your needs. $575,000. Step 3: Confirm the Condo Project Insurance Requirements. Unfortunately, your hometown lender is not going to have such a program but the lenders on our list will. However, lenders like myself specialize in Condotel financing from $100,000 up to over $3,000,000 nationwide. Condotel Financing Mortgage Guides Require 25% down zahlung, 680 FICO, 43% liabilities to income ratios for first and second condotel units. Reach out or visit a. two years W-2s. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy bed-Full Kitchen!! Coral. The amount depends on various factors, and each package will look slightly different depending on the lender. Up to 65% LTV on bridge loan for amounts between $1,500,000 to $2,000,000. 00. Dec. 5905 South Kings Hwy. Unlike Our Competition, We Do Not Believe In Having Banker’s Hours. Angle oceanfront units are approximately $89,000 for one bedroom with a kitchen and a living room. Solutions is what they are about. Balloon payment due in 6 months with. Individual owners have units, but they have. About Us. 3 miles from Condotels at One Ocean Place. For most banks and financing groups, it can take over a week to consider and evaluate your application. If you've got a goal, we're here to help you meet it with affordable financing. Owner Financing available for qualified buyers. Text us for a faster response. For your protection, do not email your Account Number (s) or Social Security Number. Assessing Risks and Returns in Condotel Investments. How. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». 9% over the past year, and are expected to rise another 7. Condotels are typically multi-unit properties. As for home appreciation, values have increased 5. *. Condominium mortgages is a non-conforming portfolio loan. Encompassing six buildings with 380 units, this contemporary property includes amazing…. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors. Gustan Cho Associates is one of a few lenders that offer condotel financing. Conducting due diligence on lenders and maintaining open lines. It is considered real estate. on 47 acres between 29th and 32nd avenues south,. We will send you a secure online payment form to complete upon acceptance. HomeBridge announces more relaxed guidelines for CONDOTEL financing in South Carolina!Browse photos and listings for the 33 for sale by owner (FSBO) listings in Myrtle Beach SC and get in touch with a seller after filtering down to the perfect home. 2001 S Ocean Blvd #1304, Myrtle Beach, SC 29577. 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!Lending Bankers Mortgage Specializes in Condotel Loans in South Florida. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Multifamily 5 to 8 Units Financing. If you have a property you are looking to purchase, or need investment advice to find a good investment, call us now at 866-500-4500, or fill out our request funding form and a loan specialist will contact you within 1 business day. 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. Reed is the Principal of Myers Capital, a twenty-year old mortgage lending company located in downtown Honolulu, Hawaii and Greenville, South Carolina. com. NUMBER OF ROOMS. 32 days on Zillow. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Step 1: Determine a Condo Project Review Type. • Immediate Florida Condotel – Condotel Florida rental income on the purchase of an investment property is allowed using 75% of the monthly rent schedule as documented by Form 1007 or 1025. Skip the content. com to schedule your consultation. Owners used as 2nd home. SOUTHERN COAST INSURANCE GROUP INC 4420 Oleander Dr Ste 104 Myrtle Beach, SC 29577 Get Map Phone: 843-839-5076 Fax: 843-353-0785 Contact UsProject Standards Requirements - Condotels. Financing for Condotels in Hoboken, NJ – Serving California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, and Washington D. These could have serious impacts on getting loans in South Carolina, especially in coastal beach towns like Myrtle Beach where highrise oceanfront condos are so integral to their economy. Up to 75% LTV for Purchase Loans. Few banks offer mortgages for non-warrantable condos and condotels, but there are banks which do. Education: must complete a commission approved 30 hour course in property management fundamentals. Generally speaking, these loans are hard to obtain. A condo hotel goes by many names. Established in 1985, Barefoot Rental Management provides residential property management services in Myrtle Beach as well as Surfside, Garden City, Murrells Inlet, North Myrtle Beach, Conway, Carolina Forest, and Little River. Petersburg CONDOTEL Financing. Investing in a condotel property can be an excellent opportunity for individuals seeking a lucrative real estate venture, especially in a popular tourist destination like Myrtle Beach, South Carolina. As of Wednesday, November 22, 2023, current interest rates in South Carolina are 7. Located in Myrtle Beach, finding an affordable mortgage is the first step to your new South Carolina home. Typically, these condotel buildings offer amenities such as a check-in desk, on-site cleaning services, water parks, and more, while individual units are separately owned. 40% down payment on investment condotel. Management of your condotel unit, its building, and the surrounding amenities is key to your revenue potential and ensuring that your unit is a solid investment. The difference in financing condominiums compared to single family homes is that lenders have to get the property approved in addition to merely approving the borrower. The Gustan Cho Team has NON-QM Loans for self-employed borrowers. HomeSpring is the way to go when looking to finance your home. The team at Gustan Cho Associates is available 7 days a week,. Type Full Name Below: *. Condotel Financing Debt Guidelines Require 25% down bezahlen, 680 FICO, 43% debt the earned ratios for first and second condotel units. Here are some additional details about Ocean Blue Resort: The resort has 12 floors and 120 units. ; PBX phone system; high-level guest services such as 24. Atlantic Beach currently faces one of the highest tax rates in Horry County. Subscribe now. Building or project needs to be more than or equal to 50% for. The good news is that finding an affordable and desirable property to rent in Myrtle Beach, SC -- whether it’s. Auto Loans. No appointments necessary. Not many traditional lenders will allow condotel mortgages due to their increased risk. You can find homes for as low as $245,000 in Richland County. Fannie Mae Lender Letter (LL-2021-14) specifically states that new guidelines are necessary to combat aging infrastructure and significant deferred maintenance in condominiums in the wake of. We can offer both warrantable and non-warrantable condo financing. recent paycheck stubs. Full Doc, Alt Doc and DSCR. Typical features could include an onsite rental office; onsite commercial space (s) such as restaurants, day spas, convenience stores, etc. $189,000 and up - Condo Hotel. Located at 1105 South Ocean Boulevard in Myrtle Beach South Carolina, Coral Beach offers easy access to all the major attractions in the area. Condotel loans are a specific type of mortgage loan for condotel units, which are a mixture of a condo and a hotel. This condo comes fully furnished and offers fantastic upgrades throughout. Source: acmg. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. ”. 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. A condotel is a. If you are interested in a condotel purchase loan or a condotel refinance mortgage loan please contact us at Non-QM Mortgage Brokers at 800-900-8569 or text us for a faster response. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. Condotels at One Ocean Place: 3 bedroom condos oceanfront - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. A short term loan used to finance the construction of your dream home that once built you can refinance. What Are the Mortgage Guidelines And Requirements For Condotel Financing? Capital Lending Network, Inc. June 11, 2021 / in General, Mortgage / by Laura A. It is rare for banks and residential lenders to have the ability to offer this type of financing. W. Step 1: Determine a Condo Project Review Type. Therefore, they should work to earn your business. 1. A condotel is just what it sounds like—a cross between a condominium and a hotel. 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. Owner Financing available for qualified buyers. 4051 Houses 40 Townhouses 92 Condos 201 Multi-Family 103 Land. To the average guest, a condo hotel unit might seem no different than a regular hotel suite, but the key difference is that it is individually owned. General - FAQs. Department of Housing and Urban Development | 451 7th Street S. Investment property loans Commercial & Residential Condo Hotel Loans. 386 sqft. Condotels at One Ocean Place: Please Update - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. The loan to value is 97. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. A: I do not support the development of the 21-story condotel. Inquiries. Las Vegas-based The Siegel Group, a real estate investment and management firm, is the new owner of a 191-room hotel off of Orange Blossom Trail just north of Florida. Master bedroom has 2 closets. 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. 60 days bank statements. HomeBridge announces more relaxed guidelines for CONDOTEL financing in South Carolina!Browse photos and listings for the 33 for sale by owner (FSBO) listings in Myrtle Beach SC and get in touch with a seller after filtering down to the perfect home. Have a least one bedroom. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. A condotel is an entire complex, which means that if one (or more) of the units are not maintained properly, it can reflect poorly on the rest of them and bring property values down. Owners use short-term rentals to generate income, listing them on platforms. - See 13 traveler reviews, 8 candid photos, and great deals for Condotels at Surfmaster at Tripadvisor. Purchase, Rate Term and Cash-Out Refinance options available. com. Condo hotel mortgage loans also known as condotel and financing is offered aby portfolio lenders with 25% down payment on owner occupant. Reviewed August 20, 2018. 5% down payment for a home purchase. Miami CONDOTEL Financing. favorite_border 0. Condotels at One Ocean Place: Great view, Great accommodations - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. To qualify for condominium mortgage loans, please contact us at Gustan Cho Associates Mortgage Group at 800-900-8569 or text us for a faster response. Condo for Sale in North Carolina, NC: Discover convenient living in this 2-story, end unit condo in the Riviera community of Ballantyne, just moments from the South Carolina border. Discover the perfect blend of real estate investment and luxury hospitality with our exclusive condotel offerings. GEORGIA CONDOS. You can email us at gcho@gustancho. Financing for new and used vehicles. Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Typical features could include an onsite rental office; onsite commercial space (s) such as restaurants, day spas, convenience stores, etc. Condotels at Surfmaster, Garden City Beach: See 13 traveler reviews, 8 candid photos, and great deals for Condotels at Surfmaster, ranked #5 of 10 specialty lodging in Garden City Beach and rated 4. Shout or Text: (800) 900-8569. Condotel financing is back. 00. Our quick loans come with competitive rates, flexible terms and convenient online banking. 256. 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%. Condo Hotels are very popular in the state of Florida. Highlights of our non-warrantable condo loan offering include: Purchase or Refinance; High loan-to-value (LTV) financing and loan limits; Choose between fixed and adjustable rate options; Flexible. We can offer both warrantable and non-warrantable condo financing. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. A list of local lenders and contacts who can provide traditional financing for condos and condotels in South Carolina, based on the type of loan and the characteristics of the property. Condotels at One Ocean Place: gorgeous penthouse - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Second-home financing is conventional loans and conforming Fannie Mae Guidelines On Second Homes apply. South Carolina and the Greater Myrtle Beach area. SkyWheel Myrtle Beach. More finance insights;. RE/MAX SOUTHERN SHORES NMB. Gustan Cho. Condotels at One Ocean Place, Garden City Beach: See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place, ranked #2 of 10 specialty lodging in Garden City Beach and rated 4 of 5 at Tripadvisor. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. " Meaning they are a condo that is in what they consider a hotel. 25% down payment requirements for primary as well as secondary homes. Condotel financing was totally unheard of. A Condo-Hotel, also known as a Condotel, can be a great investment for those who are looking for vacation second homes; Investment condotel units are also gaining popularity due to the comeback of condotel financing 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. Condotel Financing Now Available. 2507 S Ocean 1/13 Blvd Unit 905. Was approved for $80k to purchase a beach rental property to come and find out that the loan cannot be used to finance a condotel. Condotels Golf Colony Resort, Myrtle Beach: See traveler reviews, candid photos, and great deals for Condotels Golf Colony Resort, ranked #36 of 99 specialty lodging in Myrtle Beach and rated 3 of 5 at Tripadvisor. SECTION 27-31-50. Investment properties are eligible for the Condotel program. The minimum down payment is 3. Condotel Financing Solutions: Unlock Your Dream Investment in Myrtle Beach. The price per square foot is about $126. Once received, we will review your credit profile. (1) "Commission" means the South Carolina Real Estate Commission. Fannie Mae permits the financing of a single or multiple parking space(s) with the mortgage, provided that the parking space(s) and residential unit are included on one deed as evidenced by the legal description in the mortgage. 2318867 MLS. The resort offers luxurious accommodations, a variety of amenities, and a prime location. Gustan Cho Associates, empowered by NEXA Mortgage, LLC, is licensed in 48 states. Definitions. Take control of your finances with a personal loan. Call ☎ (800) 697-4371Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. 40% down payment, or 60% loan to value is required if. Raleigh South. But what is a condominium hotel or condotel? A condo-hotel is a new trend in the Myrtle Beach condo market. Get the latest updates on our loan solutions, webinars, tradeshows, events, and. Mortgage Calculators; Contact Us; Our Team; VA Loans; Our Blog. On January 1, 2022, the updated Fannie Mae condominium lending guidelines went into effect. Text us for a faster response. 926. Condotels are condominium projects, which are individually owned and operated as a hotel. large rooms 4 bedrooms all with bathrooms only negative very old appliances and no TV's in. Condotels at One Ocean Place: One Ocean Place One Fantastic Place - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Condotels at One Ocean Place: One Ocean Place, Room 203 - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Condotels; Project Reviews; PERS Submissions . , A151 Myrtle Beach SC 29575 Listed By CENTURY 21 The Harrelson Group. Max Loan $4M. Balloon payment due in 6 months with. CCNB offers special rates and terms specifically for condotels that include fixed or adjustable rates with as little as 25% down on second homes and 30% down on investor properties for qualified buyers. Main Office: 1320 Airlie Road | Wilmington, NC 28403 910. The price per square foot is about $126. Oceanfront condominium guide for Florida, South Carolina, and North Carolina cities. C. Also, if you’re a real estate. Fannie Mae Updated Condominium Lending Guidelines. Reed has been profiled in and written articles featured in Pacific Business News, The Honolulu Star Advertiser, The Greenville News and as a guest speaker on various radio talk shows. Or email us at gcho@gustancho. By this, you need to get an expert in this business who can help you with the bit of financing for this business.