Less than 10 units, up to two FHA-Insured units. 788%. Destin Florida Condo Financing. Top 10 Most Affordable Cities in South Carolina Jul 24, 2023 6. Myrtle Beach, South Carolina, United States I've lived in the Myrtle Beach area for over 30 years and raised 3 daughters here who are natives. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. com. Okay. 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. Hopefully, now you understand why your regime fees will easily be $400 to $1500 a month (depending on what condo development) you own. Coral Beach. Speak to us about Condotel financing. 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. There was a time for the past three years that not a single mortgage lender would touch a Condotel unit. Department of Housing and Urban Development | 451 7th Street S. If you've got a goal, we're here to help you meet it with affordable financing. Homes are listed on the market for around $244,990, and are closing for about $173,400. As an example, a lender would offer 80% LTV (loan to value) up to a $350,000 loan; 70% LTV up to a $650,000 loan amount; and 50% LTV up to $1 million loan amount. LuciaThe average rent price in Myrtle Beach, SC, is $1,319. Rental Income. 00:00. At Fidelity Home Group, we are Condotel Financing Florida mortgage experts! The Condotel also known as the Condo Hotel is quickly becoming popular in Florida as an investment opportunity. The down payment requirements are significantly lower on second home financing versus conventional investment home financing. The minimal down payment is 3% for a primary residence, and grants are available to borrowers who qualify. 1,210 sqft. The Best Condotel Mortgage Lender. Borrowers can also email me at gcho@gustancho. 212 reviews. Condotel lending can help you add a resort-like property to your portfolio. No minimum square feet. What is a Condotel? A condotel is just what the name sounds like: it is a combination of a hotel and condo. South Carolina; Horry County; North Myrtle Beach; Find a Home You'll Love. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. The condos range in size from 1,800 to 2,800 square feet. Here’s how to get your score: Complete the form below. com (800) 697-4371 facebookCondotel financing in Miami is one of our specialties here at Lending Bankers Mortgage. California home buyers with credit scores as low as 580 FICO can now qualify for California home loan with bad credit. Mortgage rates for condos and other types of properties have been volatile in recent years. 21, 2006 - PRLog-- Existing Lancaster Tower I unit owners in Metro Manila, Philippines, whom are currently availing of Pacific Concord Properties’ in-house financing for Lancaster Suites Condotels have the option to pay off their units in 144 months. A condotel is just what it sounds like—a cross between a condominium and a hotel. Condotels at Surfmaster: Awesome Beach Vacation! - See 13 traveler reviews, 8 candid photos, and great deals for Condotels at Surfmaster at Tripadvisor. 1% in 2019. 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. As you look set to take on Condotel investment, it is important for you to consider your investment partner in all this. Alpha Mortgage is licensed in North Carolina (L-113831), Virginia – Licensed by Virginia State Corporation Commission (MC-4927), South Carolina (#93265. Owner Financing available for qualified buyers. #110 FRACTI, North Myrtle Beach, SC 29582. Gustan Cho Associates is one of a few lenders that offer condotel financing. (305) 697-7667. 5 of 5 at Tripadvisor. )We can be contacted several ways to help answer any questions you may have: Call us at toll free at 888 259 2257. Up to 75% LTV for Purchase Loans. 4999 Carolina Forest Blvd, Suite 12, Myrtle Beach, SC 29579. (843) 839-1649. About Us. 1696 Fax: 603. No minimum square feet. 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. com (800) 697-4371 facebookLenders have a business due to the demand for loans. Getting a loan for a condotel is next to impossible due to the fact that most of them allow nightly rentals. Condotel loans are. 00. Reach out or visit a. 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. 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 Units, also known as Condo-Hotel, have been very popular from the mid-1990s until 2008, when the real estate and financial markets. Investment home financing on a single-family home requires a 15% down payment. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. Gustan Cho. 75% of a refinance mortgage on a manufactured home. Several financial pros come with retiring in South Carolina. Learn More. 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. Condotels and Garden City Realty Real Estate, Vacation Rental Property Management, and Vacation Rentals Condotels and Garden City Realty welcome you to experience the. Florida CONDOTEL Financing. Unlike Fannie Mae and Freddie Mac, Condotel, and. If you have any questions on second home mortgage loans please contact us at 800-900-8569 or text us for a faster response. More Details. , Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455Here are some popular mortgage options: FHA, VA, USDA, Conventional Loans with No Overlays | W2 Income Only Mortgages | Manufactured Homes | Manual Underwriting | Mortgages Down To 500 FICO | FHA 203k Loans | Down Payment Assistance | ITIN and DACA | No Ratio Loans | 1099 Only Mortgages | Non-QM Jumbo Loans | 90% LTV. You can find homes for as low as $245,000 in Richland County. General Provisions. $242,900. Get Started. From understanding the basics to exploring investment opportunities, assessing risks and returns, and navigating financing challenges, we will equip you with the strategies and knowledge to excel in this ever-evolving market. com to schedule your consultation. 1. com. Gustan Cho. Condotel Mortgage / Condo-Tel Financing / Condops A condominium project that is operated as a hotel with a registration desk, cleaning service and more. 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. Non-Warrantable Condo and Co-Op financing for. North Carolina Condominium Act. Up to 103 LPC Non-Owner Occupied. 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. NMLS ID #93265. Like other non-traditional mortgages, a condotel loan will require the borrower to provide a down payment toward the property. 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. Condotels are classified as non-warrantable condos. If you have any questions on second home mortgage loans please contact us at 800-900-8569 or text us for a faster response. Minimum FICO 680. In this third installment, we will delve into the crucial process of assessing risks and returns associated with condotel investments. Nicely updated unit! Many amenities!. More Details. Owners used as 2nd home. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. net. United States South Carolina Coastal South Carolina Garden City Beach. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Ripley's Aquarium of Myrtle Beach. Condotel financing is one of the things you need to be considering even as you consider taking on this business. We will send you a secure online payment form to complete upon acceptance. Get a quote Or, call 1-855-347-3939. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Address Line 2. Typically, each of the units within a condotel is sold to an individual owner. For sale. Use the filtering options available (number of bedrooms and bathrooms, square footage, year built, etc. Full Doc, Alt Doc and DSCR. Home Spring is aware of the increased risk, but as with most of our non-traditional loans, we are willing to give people a little more leeway and assume higher risk to help people realize their dream of owning a second property. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. When your ready to get started on our foreign national loan, we are experts to guide you through the entire process, the first step is getting you pre-approved. W. $35,000. Condotel Financing Programs. 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. Senior homeowners may qualify for a homestead exemption that allows the first $50,000. If you decide to invest in a short-term rental property in a condotel, here are four tips for getting started: 1. Second-home financing requires a 10% down payment. 438. GEORGIA CONDOS. com. Two bedrooms, two baths, a pull-out couch in a large living room, a full kitchen, large balcony facing the beach, several ceiling fans, and three televisions truly made this a luxury lining place for. S Unit 816, Myrtle Beach — Coral Beach $170,000. 1040 South Federal Highway, Hollywood, FL 33020. One such specialized space is condotel financing, which involves mortgage loan arrangements for purchasing condominium units operated as hotels. We consider loan-to-value ratios of up to 65%. It’s a type of living space similar to an apartment, but can be sold separately. On January 1, 2022, the updated Fannie Mae condominium lending guidelines went into effect. Assessing Risks and Returns in Condotel Investments. Barefoot Commons Branch. Condotel Financing Mortgage Guidelines And RequirementsFinancing options for condotel investment include bank loans, developer financing, and cash payments. Or email us at gcho@gustancho. 10% minimum down payment is required. is an equal housing lender. repeat 0. Homeowners who own a personal residence, the new Condo-Hotel unit can be classified as a second home which requires 25% down payment. You will be contacted by one of our experts to confirm your information and validate authorization. The Team at Lending Network, LLC Is Available Seven Days a Week, Evenings, Weekends, and Holidays. (DSCR is always expressed as a decimal. 3 bed. Read more here: AllProperties Latest Blogs. 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. Condotel and Non-Warrantable Condo Financing are 30 year adjustable rate mortgage portfolio loans. The amount depends on various factors, and each package will look slightly different depending on the lender. Experience stress-free financing today! (866) 803-2853. Owner Financing available for qualified buyers. Career Opportunities;Condotels at One Ocean Place: Has potential, but needs new housekeeping! - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. (843) 903-3550. Condotels at One Ocean Place: Never Again! - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Minimum loan amounts commonly fall in the range of $75,000 to $150,000 for most lenders. 2 Baths. Get your loan solution in 30 minutes! Choose a program, calculate, or get your personal offer! Programs Loan Calculator Scenario Request Condominiums, often. Visit Learn About Project Standards to see all Project. #10 of 80 Restaurants in Surfside Beach. A condohotel, or a condo hotel as it is also called, is a unique type of residential and rental property. 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. Subscribe now. Beaufort, Beaufort County, SC . Fannie Mae Updated Condominium Lending Guidelines. Atlantic Beach currently faces one of the highest tax rates in Horry County. com so that we can make sure your policy is always working for you! Wondering if you need condo insurance in Myrtle Beach? Here's everything you need to know about this type of coverage, what it covers and how much it costs. 18, 2009. Condotels are condominium projects, which are individually owned and operated as a hotel. Condotels at One Ocean Place: VERY Disappointed - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Condo For Sale In Myrtle Beach, South Carolina. HomeBridge announces more relaxed guidelines for CONDOTEL financing in South Carolina!In response to the June 2021 collapse of an oceanfront tower near Miami, mortgage giants Fannie Mae and Freddie Mac are rolling out new rules covering condo loans – and. Brokered by Better Homes and Gardens Real Estate Elliott Coastal Living. 00, with the average rent median estimated to be $1,250. A condotel operates just like a hotel and hosts short-term guests. Alabaster, Shelby County, AL . Choose an in-demand location. Gustan Cho NMLS 873293 is the National Managing Director of NEXA Mortgage, LLC dba as Gustan Cho Associates NMLS 1657322. First Last. The minimum loan size for both condotel and non-warrantable financing is $100,000. What benefits do I get if I invest in a condotel? Quarterly dividends. View property. other documentations. As of Wednesday, November 22, 2023, current interest rates in South Carolina are 7. With a private balcony, these level 3 condominiums are angle oceanfront units. Condo Hotels are very popular in the state of Florida. 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%. A 25% down payment is required on condotel second homes. In this article, we will discuss and cover condotel financing mortgage guidelines. com or visit us at No lender overlays. C. 2403 Environ Way #2403, Chapel Hill, NC 27517. A condotel is a. 29577, Myrtle Beach, Horry County, SC. , A151 Myrtle Beach SC 29575 Listed By CENTURY 21 The Harrelson Group. We would love to have a chance to connect you to a condotel loan which can serve your needs. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. Loan Amount up to $5,000,000; Purchase Up to 70% LTV; Cash Out Up to 65% LTV. 4550 The Loan Process; Reverse Mortgages; Government Loan Programs; Mortgage Loans. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. Condotel Unit buyers interested in getting qualified for Condotel Financing, please contact Gustan Cho Associates at 800-900-8569 or text us for a faster response. Each condotel is a part of a large-scale property that operates similar to a. Alpha Mortgage is licensed in North Carolina (L-113831), Virginia – Licensed by Virginia State Corporation Commission (MC-4927), South Carolina (#93265), Florida (MLD1700), Georgia (#93265), and licensed in Texas – SML Mortgage Banker Registration. 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. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. Dec. Rock Hill, South Carolina 42 contributions 22 helpful votes. Brokered by Dunes Real Estate. 7. 4 Beds 2. 169 reviews. 3910 Highway 17 South. Condotel is a mixed term that combines “condominium” and “hotel. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». On January 1, 2022, the updated Fannie Mae condominium lending guidelines went into effect. A: I do not support the development of the 21-story condotel. Condo For Sale In Myrtle Beach, South Carolina. 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. Program Details for Condotel Financing. It refers to a type of property that combines elements of both condominiums and hotels. Deferred payments to start. Use 75% of gross rent as gross Florida rental income. North Myrtle Beach, South Carolina. Comfortable & Spacious. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). 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. The Best CONDOTEL Financing. The team at Gustan Cho Associates are specialists in condotel financing in Florida and California as well. The minimum loan size is $100,000, and the maximum is $3,000,000. The following are the criteria in which properties would be allowed for condotel financing: The units need to have a full kitchen and a separate bedroom. Article 1. 15% for a 15-year fixed mortgage. Step 2: Follow the Condo Project Review Type Requirements. Angle oceanfront units are approximately $89,000 for one bedroom with a kitchen and a living room. Like favorite_border. 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. Reviewed August 20, 2018. Or email us at gcho@gustancho. 256. Or email us at gcho@gustancho. Condotel Financing. Learn more. " Meaning they are a condo that is in what they consider a hotel. Condotels at Surfmaster: Surf Master in Garden City beach, SC and hurricane Matthew - See 13 traveler reviews, 8 candid photos, and great deals for Condotels at Surfmaster at Tripadvisor. Text us for a faster response. Capital Lending Network, Inc. Not many traditional lenders will allow condotel mortgages due to their increased risk. Condotels at One Ocean Place: Very nice condo building. Learn more. South Carolina gives tax breaks to certain people, but only as primary residents. Homes For Sale By Owner In South Carolina4487 Results Available. Located at 1105 South Ocean Boulevard in Myrtle Beach South Carolina, Coral Beach offers easy access to all the major attractions in the area. 91% for a 30-year fixed mortgage and 7. Condotel financing was totally unheard of. Condotel Financing Solutions: Unlock Your Dream Investment in Myrtle Beach. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. View Hotel. Condotel Financing Debt Guidelines Require 25% down bezahlen, 680 FICO, 43% debt the earned ratios for first and second condotel units. 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. Trump International Hotel and Tower. We offer 3/1 ARM, 5/1 ARM, and 7/1 ARM Condo Hotel Mortgage Loan Programs, amortized over 30 years. 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. 4550 Stay tuned for more insights and knowledge on condotel financing! Let's Talk Mortgage 1,778 follower + Subscribe. Condotel unit buyers do not own a home and rent and are purchasing the Condotel and that Condotel is the only property that can have it classified as an owner. There is no maximum loan size on Condotel Financing Mortgage Loans. For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. Orlando’s newest condo hotel is minutes from Disney’s theme parks and numerous other attractions. Full kitchen (kitchenettes are not allowed) Minimum loan size is $100,000 and the maximum loan size is $3 million. recent paycheck stubs. Our Mortgage Experts. Fast Closing and Flexible Underwriting. The. Show all. large rooms 4 bedrooms all with bathrooms only negative very old appliances and no TV's in. 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. Qualification based on Property Income, Not Your Income. Nationwide Mortgage & Realty, LLC. Also, if you’re a real estate. Up to 75% LTV on bridge loan loan amounts between $1,000,000 to $1,500,000. Condotels at One Ocean Place: 902 One Ocean Place is Excellent! - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. 702 sq ft. We. Cash-out refinance mortgage loans on a manufactured home requires a loan to value. As an investment owner, you are not a primary resident. The team at GCA Mortgage Group are experts in helping borrowers finance non-QM loans. Monthly listing updates and/or real-time notifications for listings, sales and market data Up-to-Date Local Lenders for conventional and condotel financing Yearly Closed Sales Price Histories for over 180 condo resorts (since 2009) Best team (Beach Pro Reviews) with the best company (RE/MAX Southern Shores). Max 75% LTV Purchase. Condotel financing, investment, vacation, and second home financing available for cash out and purchase. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. As you can see from our program highlights, Allied First Bank of The Carolinas specializes in providing condotel financing solutions. A. Navigating financing challenges in condotel investments requires creativity, diligence, and a thorough understanding of the market. second year in a row here !!! The owners of this Condo 702 have went overboard to make your stay enjoyable and better than your own home. Rental Income. U. COMMERCIAL. 967. South Carolina (SC) Coastal South Carolina ; Garden City Beach ; Garden City Beach Specialty Lodging ; Apartment Hotels in Garden City Beach ;. A condotel is a. View photos of the 106 condos and apartments listed for sale in Charleston SC. RE/MAX SOUTHERN SHORES NMB. Discover the perfect blend of real estate investment and luxury hospitality with our exclusive condotel offerings. High LTV and Interest-Only Options. A condotel is a short-term rental unit in a condominium project generally found in resort-zoned and specific apartment-zoned areas. 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. 0. 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. FHA, VA, and USDA loan programs do not have second home financing programs. Condotel Financing Mortgage Guides Require 25% down zahlung, 680 FICO, 43% liabilities to income ratios for first and second condotel units. Source: acmg. on 47 acres between 29th and 32nd avenues south,. 2318867 MLS. The down payment requirements are significantly lower on second home financing versus conventional investment home financing. Or email gcho@gustancho. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy bed-Full Kitchen!! Coral. In this second part of our blog series on condominiums and condotel financing, we will explore the advantages of condotel investments and provide insights into how mortgage brokers can assist clients in unlocking the full potential of this unique property type. 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. com or visit us at Gustan Cho NMLS 873293 is the National Managing Director of NEXA Mortgage, LLC dba as Gustan Cho Associates NMLS. South Carolina (SC) Coastal South Carolina ; Garden City Beach ; Garden City Beach Specialty Lodging ; Apartment Hotels in Garden City Beach ;. Condotels at One Ocean Place: Unit 608 Was Perfect! - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. By this, you need to get an expert in this business who can help you with the bit of financing for this business. You can click on the button below or apply online; if you prefer to speak with one of our Mortgage Experts, we would be happy to speak with you at 888-259-2257. Max Loan $4M. Gustan Cho Associates has lending relationships with over 210 wholesale mortgage lenders. Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Zip Code. Our company can help you find private lenders to meet all your funding needs. Whether you're a seasoned investor or a first-time buyer, our condotel properties provide a unique opportunity to maximize your returns while enjoying an exceptional lifestyle. Investment property loans Commercial & Residential Condo Hotel Loans. financing on the most prestige's Condo-Hotel projects in South Florida. 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. How it works: LendSure’s Bridge Financing Program pays off the existing lien while providing the cash out needed for down payment on the new home. Coral Beach. Condotel financing is back. $242,900. HISTORY: 1962 Code Section 57-498; 1962 (52) 1866; 1967 (55) 449. Once received, we will review your credit profile. Site. Owner Financing - Myrtle Beach, SC Home for Sale. At Fidelity Home Group, we are Condotel Financing Florida mortgage experts! The Condotel also known as the Condo Hotel is quickly becoming popular in Florida as an investment opportunity. 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. SkyWheel Myrtle Beach. Up to 103 LPC Non-Owner Occupied. North Myrtle Beach, SC 29582. This condo comes fully furnished and offers fantastic upgrades throughout. (1985 (Reg. 2507 S Ocean 1/13 Blvd Unit 905. 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. Now you can offer borrowers financing for their condotels – all with the program options and service levels that you’ve come to expect from LendSure. HomeSpring is the way to go when looking to finance your home. Portfolio Financing for Condos and Condotels. With an automated approval renders an automated approval after analyzing the following documents: two years of tax returns. Condotel Financing Program Features Offering conventional and portfolio loan options Available for second home and investment properties Team of condotel specialists that. Typical features could include an onsite rental office; onsite commercial space (s) such as restaurants, day spas, convenience stores, etc. There are currently 808 condos for sale in Myrtle Beach, SC to browse through, with prices between $58,000 and $1,150,000. Non-Prime Bank Statement Mortgages For Self-Employed Borrowers. Balloon payment due in 6 months with. You now are aware of some of the advantages and drawbacks of investing in a condotel. A&D Mortgage LLC is licensed by. You have found the original full service, discount real estate brokerage, 1 Percent Lists, who is licensed in Louisiana and still owned and operated by. This is the main reason that I would NEVER recommend that a buyer use an out-of-town lender when financing a. *All loans subject to credit approval. Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. com®.