Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 12 months ago on . Most recent reply
Searching for Condotel Studio Lender in Myrtle Beach
Hello BP People!
I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Units require at least a true 1 bedroom. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Thanks in advance.
Drew
Most Popular Reply
#4 All Forums Contributor
- Investor
- Greer, SC
Quote from @Drew Bittle:
Hello BP People!
I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. Units require at least a true 1 bedroom. I was told there are lenders that will finance a studio condotel so any advice would be much appreciated. Thanks in advance.
Drew
That should be cheap enough to literally put on a credit card. If not ask for owner financing.