(DSCR is always expressed as a decimal. 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. Assessing Risks and Returns in Condotel Investments. Submit your clients' mortgage applications through our secure online platform. Owner Financing available for qualified buyers. 00. A&D Mortgage. NMLS #5645 These programs are available to only qualified borrowSouth Carolina property manager licensing requirements include: Age: must be at least 18 to be a property manager, and 21 to be a property manager in charge. Typically, each of the units within a condotel is sold to an individual owner. 1025 Highway 17 South. There are, however, a few external. 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. 5 Baths 2862 SqFt. South Carolina Beachfront Real Estate For Sale currently has ninety (90) for sale on MLS. Call ☎ (800) 697-4371Condotels at One Ocean Place: The nicest place that we have yet to stay at Garden City SC. 169 reviews. favorite_border 0. 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. Choose Homes by Amenity. A condotel is a condo unit that is operated as a hotel. North Myrtle Beach, SC 29582. S. The price tag for a vacation home in a popular resort area can be astronomical. Most Condotel Loans close in 21 days or less. 3. on 47 acres between 29th and 32nd avenues south,. Miami CONDOTEL Financing. 2 Baths. Both the primary and proposed second home mortgage payments will be used to qualify debt to. 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. 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. 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. View photos of the 106 condos and apartments listed for sale in Charleston SC. 00. Loan Amount up to $5,000,000; Purchase Up to 70% LTV; Cash Out Up to 65% LTV. South Carolina (SC) Coastal South Carolina ; Garden City Beach ; Garden City Beach Specialty Lodging ;. During the pandemic, rates on 30-year fixed mortgages fell below 3 percent. 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. . 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. If you need a Condo Hotel purchase mortgage loan or a Condo Hotel refinance mortgage loan, please contact us at Gustan Cho Associates at 1-800-900-8569 or text us for a faster. Address Line 2. 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. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. 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. 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. Homes For Sale By Owner In South Carolina4487 Results Available. Explore our range of condotel financing solutions designed to simplify your investment journey Flexible Condo Hotel Loans. Portfolio Financing for Condos and Condotels. 8999. financing on the most prestige's Condo-Hotel projects in South Florida. Minimum down payment of 15%. 596 sq ft. This ground level 2-bedroom condo is located. 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. Condotel loans are. Flood Insurance Coverage Calculator. At times in 2022 and 2023. As you look set to take on Condotel investment, it is important for you to consider your investment partner in all this. 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. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. With BDO’s Home Loan, unit owners can now opt to pay off the balance for up to 15 years. Matthews, North Carolina (704) 858-3884; Posted Mar 9 2015,. 4 Beds 2. For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. The down payment requirements are significantly lower on second home financing versus conventional investment home financing. Condominiums are usually divided. Owner Financing available for qualified buyers. 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. Campobello, South Carolina 1 contribution 1 helpful vote. ”. Up to 65% LTV on bridge loan for amounts between $1,500,000 to $2,000,000. Stay in touch with us at 843-999-0575 or email directly to aaron@aaronmillerinsurance. Multifamily 5 to 8 Units Financing. HISTORY: 1962 Code Section 57-498; 1962 (52) 1866; 1967 (55) 449. View property. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. Minimum FICO 680. 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. As you can see from our program highlights, Allied First Bank of The Carolinas specializes in providing condotel financing solutions. Also, if you’re a real estate. 5. $189,000 and up - Condo Hotel. You will be contacted by one of our experts to confirm your information and validate authorization. Get Started. Investment. 2 bath. 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. In such cases, the Loan-to-Value,. Gustan Cho. Typically, each of the units within a condotel is sold to an individual owner. Call or Text: (800) 900-8569. Look for oceanfront villas, condos, townhomes and condo hotels including luxury condos in places like Myrtle Beach, SC; Cocoa Beach, FL; Oak Island, NC and more. (866) 803-2853. 1 Baths. Financing a Condotel Purchase, Myrtle Beach, SC. High LTV and Interest-Only Options. com. South Carolina (SC) Coastal South Carolina ; Garden City Beach ; Garden City Beach Specialty Lodging ; Apartment Hotels in Garden City Beach ;. $379,500. Safe area of Garden City , yet close enough for a quick drive to anything you could need or want. The price per square foot is about $126. 810 3rd Ave S Corner 3rd Ave South and Poplar Drive South. U. 9 West Rock Lane Irmo, SC 29063. 758. S Unit 816, Myrtle Beach — Coral Beach $170,000. South Carolina Condo Hotel Financing. 1. 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. These units are designed for short-term rentals and offer amenities that rival those offered by five-star hotels. In the example used above, the property brings in $1,500 monthly with a monthly payment of $1,000. 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. 575 or greater credit scores. Resort, Airbnb, Daily Rentals acceptable. 7. (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. In the same respect, if the location of the condotel goes through a period of unpopularity, then your rental rates can suffer as well. Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage. Learn more. Condotels give you all the comfort of owning. On January 1, 2022, the updated Fannie Mae condominium lending guidelines went into effect. The largest property for sale is 3,174 sqft and smallest 307 sqft. with a major in real estate will also qualify. Here are some additional details about Ocean Blue Resort: The resort has 12 floors and 120 units. SOUTH CAROLINA CONDOS. When we met with a realtor, January 2021 he stated we could have 6-12k Condotel purchase on the beach - Myrtle Beach (Pawleys Island: short sale, oceanfront) - Myrtle Beach - Conway area - South Carolina (SC) -Horry County - City-Data ForumFHA Florida Condo Loan Spot Approval Requirements. 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. Maximum LTV (loan-to-value) is often 60-75%. Owning a condotel is popular in Myrtle Beach, SC due to them offering unique services that you do not receive when purchasing a condo. A condo hotel goes by many names. 15% for a 15-year fixed mortgage. . Condotel financing is one of the things you need to be considering even as you consider taking on this business. A short term loan used to finance the construction of your dream home that once built you can refinance. June 11, 2021 / in General, Mortgage / by Laura A. COMMERCIAL. Fannie Mae Updated Condominium Lending Guidelines. com. 100% online, 100% easy, 100% safe. 4 Beds 2. Unlike Fannie Mae and Freddie Mac, Condotel, and. 40% down payment on investment condotel. SkyWheel Myrtle Beach. Subject property needs to be 100% residential (or livable) The units need. Over 75% of the borrowers of Gustan Cho Associates (Gustan Cho Associates) are folks who could not qualify at other lenders due. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. Sun everyday, beautiful Condo North 702. " Meaning they are a condo that is in what they consider a hotel. More finance insights;. South Carolina 864. 604 N 27th Ave, Myrtle Beach, SC 29579. FHA loan limits in many parts of California is $679,650. Second-home financing requires a 10% down payment. Owner Financing - Myrtle Beach, SC Home for Sale. The condos range in size from 1,800 to 2,800 square feet. Minimum down payment of 15%. We will send you a secure online payment form to complete upon acceptance. $242,900. Meredith, NH Office. 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. GEORGIA CONDOS. Top 10 Most Affordable Cities in South Carolina Jul 24, 2023 Mortgage Mavericks: Scott Schang Jul 18, 2023. 4051 Houses 40 Townhouses 92 Condos 201 Multi-Family 103 Land. Alabaster, Shelby County, AL . 2023. 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. 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. Condotel Financing Solutions: Unlock Your Dream Investment in Myrtle Beach. com. NUMBER OF ROOMS. 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. We are available 7 days a week: evenings, weekends, holidays as well. There is no maximum loan size on Condotel Financing Mortgage Loans. , 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. 2 bedrooms. 116 South River Road, Unit D-6A Bedford, NH 03110 Phone: 603. Whether you're a. If you have any questions about the content in this article or need to qualify for an FHA loan in South Carolina, please contact us at 800-900-8569 or email us at gcho@gustancho. 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. Fast Closing and Flexible Underwriting. Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Max 65% LTV Refinance. Share: 19 Properties in Myrtle Beach from $119,000. South Carolina (SC) Coastal South Carolina ; Garden City Beach ; Garden City Beach Specialty Lodging ; Apartment Hotels in Garden City Beach ;. South Carolina gives tax breaks to certain people, but only as primary residents. A condotel is just what it sounds like—a cross between a condominium and a hotel. Address Line 1. You Are Trusting Us With Getting Your Commercial Loan Closed, We Return Your Faith and Trust Back By Being Available 365 Days a Year. Investing in a condotel property can be an excellent opportunity for individuals seeking a lucrative. Condotels at One Ocean Place: Perfect Vacation!!! - unit 1210 - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Individual owners have units, but they have. $194,500 and up - Condo Hotel. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. Up to 65% LTV on bridge loan for amounts between $1,500,000 to $2,000,000. Reed is the Principal of Myers Capital, a twenty-year old mortgage lending company located in downtown Honolulu, Hawaii and Greenville, South Carolina. There is no maximum loan size on Condotel Financing Mortgage Loans. Type Full Name Below: *. Tiffany's Condotel, Surf City, North Carolina. 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. Need Condotel Financing in Aspen, Snowmass Village, Steamboat Springs, Telluride, Vail? We have condotel programs that allow: up to 75% financing on condo-tels to $2. Purchase, Rate Term and Cash-Out Refinance options available. CONDO FINANCING. 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. The minimum loan size for both condotel and non-warrantable financing is $100,000. Address Line 2. Step 2: Follow the Condo Project Review Type Requirements. 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. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy. Atlantic Beach currently faces one of the highest tax rates in Horry County. The manufactured home financing requirements need to be built on a solid concrete foundation. 1 Percent Lists 123 Terrabella Blvd Suite 2C Covington, LA 70433 O: (877) 417-3723 M: (504) 875-6599 1 Percent Lists Franchises, LLC sells real estate franchises across the United States. 3910 Highway 17 South. Shout or Text: (800) 900-8569. Call ☎ (800) 697-4371Condotels at Surfmaster: Surfmaster by the sea 809 - See 13 traveler reviews, 8 candid photos, and great deals for Condotels at Surfmaster at Tripadvisor. Gustan Cho and his team of loan officers are licensed in multiple states. HOA Budget 10% reserve requirement (or amount supported by reserve study). Condo For Sale In Myrtle Beach, South Carolina. With a private balcony, these level 3 condominiums are angle oceanfront units. (843) 628-3604. 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. The Villas at Old South condos for sale range in square footage from around 1,000 square feet to over 1,400 square feet and in price from approximately $269,000 to $330,000. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». Our Mortgage Experts. More Details. Beaufort, Beaufort County, SC . If you have any questions on second home mortgage loans please contact us at 800-900-8569 or text us for a faster response. 00 or as much as $3,360. com. S Unit 816, Myrtle Beach — Coral Beach $170,000. Condotel financing is back. com®. Miami Beach Condo Mortgages. Whether you’re a seasoned mortgage broker or just starting in the industry, this webinar will provide you with valuable insights and strategies to excel in this dynamic market. North Myrtle Beach, SC 29582. Officials acknowledged their vote was tied to a $100 million “condotel” project proposed along 30th Ave. 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 Yes, You Can Get Condotel And Non-Warrantable Condo Loans. A condotel is a combination of a condominium and a hotel and is a unique type of property ownership. A 40% down payment is required for borrowers who have two or greater properties and need it as an investment home. *. Jerry Pinkas Real Estate Experts, Inc . Industry-leading Bank Statement Program. No hassels with condotel financing!! Direct Oceanfront Efficiency Unit Beautifully Remodeled with a Kitchen. Alpha Mortgage is licensed in North Carolina (L-113831), Virginia – Licensed by Virginia State Corporation Commission (MC-4927), South Carolina (#93265. Applicability. 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. 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. Brilliantly located by the pristine. 2br - 1100ft² - Condo for sale in Little River, South Carolina. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. (3) "Listing agent" means a real estate licensee who represents. One thing to consider when buying a condotel, is that you will most likely need to pay cash. 05:59. SECTION 27-31-60. Rental Income. Call ☎ (800) 697-4371 info@afbcarolinas. We would love to have a chance to connect you to a condotel loan which can serve your needs. The team at Gustan Cho Associates is available 7 days a week,. More Details. 1 bedrooms. Special offer. Learn what factors lenders consider in underwriting a loan on a condo hotel unit. What is a Condotel? A condotel is just what the name sounds like: it is a combination of a hotel and condo. Up to. Sometimes one size doesn’t always fit all. Condotel Financing Programs. Mortgage rates for condos and other types of properties have been volatile in recent years. Deferred payments to start. have a fully functional kitchen. com or visit us at Gustan Cho NMLS 873293 is the National Managing Director of NEXA Mortgage, LLC dba as Gustan Cho Associates NMLS. Education: must complete a commission approved 30 hour course in property management fundamentals. For sale. 9% over the past year, and are expected to rise another 7. Or email us at gcho@gustancho. Non-Prime Bank Statement Mortgages For Self-Employed Borrowers. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. As you can see from our program highlights, Allied First Bank of The Carolinas specializes in providing condotel financing solutions. Then there is an HO-6 policy, which is a small interior (walls in) policy you’ll. Otherwise, it is $30 p/d. North Myrtle Beach, SC 29582. The minimum loan amount must be 10000$. COMMERCIAL. 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. 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. 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. FLORIDA CONDOS. It offers short-term rentals for occupants, and it also maintains a front desk. The minimal down payment is 3% for a primary residence, and grants are available to borrowers who qualify. 1 bed. Up to 75% LTV on bridge loan loan amounts between $1,000,000 to $1,500,000. - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. 1105 S Ocean Blvd. The condotel will be operated for 15 years. $194,500 and up - Condo Hotel. Atlantic Beach currently faces one of the highest tax. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. SECTION 27-31-50. Borrowers can also email us at gcho@gustancho. Home buyers interested in purchasing a condotel unit or non-warrantable condominium in Florida, please contact me at 800-900-8569 or text us for faster response. Refinances – unit owner must have Coop Stock. Get the latest updates on our loan solutions, webinars, tradeshows, events, and. 3 bed. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. (a) This Chapter applies to all condominiums created within this State after October 1, 1986. Condotel Mortgage / Condo-Tel Financing / Condops A condominium project that is operated as a hotel with a registration desk, cleaning service and more. . The minimum loan amount for DSCR Loans is going to vary by lender. If you've got a goal, we're here to help you meet it with affordable financing. Max 75% LTV Purchase. Main Office: 1320 Airlie Road | Wilmington, NC 28403 910. No minimum square feet. Get your loan solution in 30 minutes! Choose a program, calculate, or get your personal offer! Programs Loan Calculator Scenario Request Condominiums, often. The major difference between a condo and a condotel is that short term, nightly rentals are available in the latter. ) § 47C-1-102. View property. 575 or greater credit scores. 1105 S Ocean Blvd. 9694. Get started with a free quote today. By the way, if the condo you are purchasing is not a condotel, It’s still best to. 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. North Myrtle Beach, SC 29582. Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Home Spring Mortgage is the the largest non-qm (non-qualified) mortgage lender in South Carolina, providing diverse mortgage loan options for borrowers to achieve their dream of homeownership. Great Vacation at a Wonderful Spot!!For sale. SEARCH OUR SITE. Condotel and Non-Warrantable Condo Financing are 30 year adjustable rate mortgage portfolio loans. It’s a type of living space similar to an apartment, but can be sold separately. 30 room nights free every year with an option to use 3 nights/year/other hotel of Sta. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. Owner Financing available for qualified buyers. Since we are private lenders, you will notice that terms and conditions. $575,000. Book Condotels at One Ocean Place, Garden City Beach on Tripadvisor: 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. 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%. Grateful in Advance - thanks!Condotels at Surfmaster: Surf Master in Garden City Beach, S. Description Amenities Available Rentals. 5 million. (1) "Commission" means the South Carolina Real Estate Commission. Home Spring Mortgage offers non-QM condotel loans with. (866) 803-2853. If you need to qualify for a condotel and non-warrantable condo loans, please get in touch with us at FHA Bad Credit Lenders at 262-716-8151. Condotels are condominium projects, which are individually owned and operated as a hotel. However, at Commercial Real Estate Loan Pros of Tallahassee, we will get back to you during the first 24 to 48 hours and send a draft of the contract if we decide to approve the loan. The Team at Lending Network, LLC Is Available Seven Days a Week, Evenings, Weekends, and Holidays. #10 of 80 Restaurants in Surfside Beach. He holds a Bachelor’s in Journalism and Mass Communications from the University of South Carolina. 438. Reach out or visit a. Discover the perfect blend of real estate investment and luxury hospitality with our exclusive condotel offerings. We consider loan-to-value ratios of up to 65%. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Condotels at One Ocean Place: Unit 203 beautiful view, horrible parking - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Pawleys Island,. S. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy bed-Full Kitchen!! Coral. Featured. 5 miles from Condotels Golf Colony Resort. 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. Investment property loans Commercial & Residential Condo Hotel Loans. This condo comes fully furnished and offers fantastic upgrades throughout. Homeowners who own a personal residence, the new Condo-Hotel unit can be classified as a second home which requires 25% down payment. Solutions is what they are about. $379,500. Is This Your Tripadvisor. Condotels at Coldstream Cove: This is an adult residential neighborhood with a few rental properties that are not welcomed. Condotels and Garden City Realty Real Estate, Vacation Rental Property Management, and Vacation Rentals Condotels and Garden City Realty welcome you to experience the. A condotel unit is a private condominium unit inside a hotel that an individual and entity owns. Take control of your finances with a personal loan. General - FAQs. The average sq ft home size of South Carolina Beachfront Condos & Villas For Sale Myrtle Beach SC is 956 square feet. )We can be contacted several ways to help answer any questions you may have: Call us at toll free at 888 259 2257. The price per square foot is about $126. 2001 S Ocean Blvd #1304, Myrtle Beach, SC 29577. Investment property loans Commercial & Residential Condo Hotel Loans. No doc mortgage loans where tax returns and income verification is not required. 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.