condotel financing south carolina. Condotels are condominium projects, which are individually owned and operated as a hotel. condotel financing south carolina

 
 Condotels are condominium projects, which are individually owned and operated as a hotelcondotel financing south carolina  Minimum Down Payment: 30%

25% down payment, 75% loan to value, is required for primary and second condotel unit buyers. Mortgage rates for condos and other types of properties have been volatile in recent years. Condotels are condominium projects, which are individually owned and operated as a hotel. You will be contacted by one of our experts to confirm your information and validate authorization. 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. Listed is all The. Like favorite_border. Borrowers can also email me at gcho@gustancho. South Carolina (SC) Coastal South Carolina ; Garden City Beach ; Garden City Beach Specialty Lodging ; Apartment Hotels in Garden City Beach ;. Conway, South Carolina 590 contributions 307 helpful votes. More finance insights;. Interested in financing for condotels? This article is for you! Read it to learn the difference between condominium and condotel loans. One thing to consider when buying a condotel, is that you will most likely need to pay cash. Golf colony resort 5p. This ground level 2-bedroom condo is located in the popular Seagate Village. Homes For Sale By Owner In South Carolina4487 Results Available. Atlantic Beach currently faces one of the highest tax rates in Horry County. CONDO RESOURCES. $194,500 and up - Condo Hotel. The minimum loan size is $100,000, and the maximum is $3,000,000. Reviewed August 20, 2018. 25% down payment requirements for primary as well as secondary homes. With BDO’s Home Loan, unit owners can now opt to pay off the balance for up to 15 years. Visit hotel website. Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. 4999 Carolina Forest Blvd, Suite 12, Myrtle Beach, SC 29579. This FAQ document provides responses to common questions related to Fannie Mae’s project review methods and policies for determining project eligibility for mortgages secured by units in condo, co-op, and planned unit development (PUD) projects. 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. Therefore, they should work to earn your business. A condotel is a building that’s legally operating as a condominium but also functions as a hotel. - See traveler reviews, candid photos, and great deals for Condotels at Coldstream Cove at Tripadvisor. 5 of 5 at Tripadvisor. C. 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. 596 sq ft. " Meaning they are a condo that is in what they consider a hotel. South Carolina. Up to. The team at Gustan Cho Associates is available 7 days a week,. Second-home financing requires a 10% down payment. Minimum down payment of 15%. 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. To get a condotel unit or non-warrantable condominium unit approval, the condotel unit or non-warrantable condominium unit needs to be the following: at least 500 square feet. Address: 1990 N Waccamaw Drive. 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. 1. com. 5 Baths 2862 SqFt. Condotels at One Ocean Place: Great Stay - Garden City Realty Is Top Notch - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. com. Deferred payments to start. As an investment owner, you are not a primary resident. The condotel unit needs to be at least 500 square feet. 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. Unlike Our Competition, We Do Not Believe In Having Banker’s Hours. Zip Code. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. Building or project needs to be more than or equal to 50% for commercial – this will be determined by the appraiser. Nicely updated unit! Many amenities!. Investment property loans Commercial & Residential Condo Hotel Loans. Typically, a minimum down payment of 20% will be required. Homeowners who own a personal residence, the new Condo-Hotel unit can be classified as a second home which requires 25% down payment. 5 million as a primary or second home. Rates typically run a half-percent. Gustan Cho Associates has lending relationships with over 210 wholesale mortgage lenders. , 1986), c. Print . Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. 1% in 2019. Our company can help you find private lenders to meet all your funding needs. Top 10 Most Affordable Cities in South Carolina Jul 24, 2023This BLOG On Florida Condotel Purchase Loans Was UPDATED On October 29th, 2018. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. $590,000. It’s complicated (but we can make it easy for you). Resort, Airbnb, Daily Rentals acceptable. 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. Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Condotels at One Ocean Place: One Ocean Place Place Rocks!! - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Short title. 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. Full kitchen (kitchenettes are not allowed) Minimum loan size is $100,000 and the maximum loan size is $3 million. *. Comparing terms and consulting with financial experts can help you choose the best option. View property. The minimum down payment is 3. 438. Resort, Airbnb, Daily Rentals acceptable. Comfortable & Spacious. In Part 2 of our blog series on condominiums and condotel financing, we explored the exciting investment potential of condotels. More Details. Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage. Learn More. Stretching 60-miles along South Carolina’s coast from Little River to Georgetown is the Grand Strand. Choose Homes by Amenity. Our Mortgage Experts. 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%. Our quick loans come with competitive rates, flexible terms and convenient online banking. Are you pet friendly! Answer from Doug M. Get the latest updates on our loan solutions, webinars, tradeshows, events, and. Call ☎ (800) 697-4371 info@afbcarolinas. This chapter shall be known and may be cited as the North Carolina Condominium Act. 40% down payment, or 60% loan to value is required if. NUMBER OF ROOMS. Over 75% of the borrowers of Gustan Cho Associates (Gustan Cho Associates) are folks who could not qualify at other lenders due. ”. Condotel Financing Solutions: Unlock Your Dream Investment in Myrtle Beach. Condo Guide for North and South Carolina, Florida and Georgia including oceanfront luxury condos and villas for sale plus condo hotels. If you are frustrated and have been searching for the best Myrtle Beach mortgage companies, Jerry Pinkas Real Estate Experts has many local connections and some of the best options for home financing. LuciaThe average rent price in Myrtle Beach, SC, is $1,319. Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. 2403 Environ Way #2403, Chapel Hill, NC 27517. Financing condominiums in Myrtle Beach can be a very tricky process. ; PBX phone system; high-level guest services such as 24. A condotel is just what it sounds like—a cross between a condominium and a hotel. 702 sq ft. COMMERCIAL. 1105 S Ocean Blvd. For sale. View property. Source: acmg. Blissful Mortgage is your Condo Mortgage loan experts with 17 years of experience. Coral Beach Bldg. All you need is a credit check and either a down payment or refi equity. 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. 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. Unfortunately, your hometown lender is not going to. Speak to us about Condotel financing. On January 1, 2022, the updated Fannie Mae condominium lending guidelines went into effect. As you look set to take on Condotel investment, it is important for you to consider your investment partner in all this. APPLY NOW. Up to. Most lenders shy away from condotel financing. 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. Trump International Hotel and Tower. com. 4 bds; 3 ba; 1,633 sqft - Condo for sale. $379,500. In such cases, the Loan-to-Value,. At Lending Bankers. 10% minimum down payment is required. 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. 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. Get started with a free quote today. Free Wifi. Minimum loan amounts commonly fall in the range of $75,000 to $150,000 for most lenders. Prequalify. 3 bed. As you can see from our program highlights, Allied First Bank of The Carolinas specializes in providing condotel financing solutions. Fast Quote. CONDOTEL. 604 N 27th Ave, Myrtle Beach, SC 29579. The team at Gustan Cho Associates is available 7 days a week, on evenings, weekends, and holidays. Learn more about how these rates, APRs and monthly payments are calculated. 5% down payment for a home purchase. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. Pawleys Island,. 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). Investment properties are eligible for the Condotel program. Most of the Myrtle Beach oceanfront high rises are condotels. 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. 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. You Are Trusting Us With Getting Your Commercial Loan Closed, We Return Your Faith and Trust Back By Being Available 365 Days a Year. Up to 103 LPC Non-Owner Occupied. Oceanfront condominium guide for Florida, South Carolina, and North Carolina cities. (843) 839-1649. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. • 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. 741 sq ft. 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. 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. Address Line 1. At times in 2022 and 2023. United States South Carolina Coastal South Carolina Garden City Beach. For Qualification, please review the following. 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. A condotel is a condo unit that is operated as a hotel. 550 sq ft. Discover the perfect blend of real estate investment and luxury hospitality with our exclusive condotel offerings. Owners use short-term rentals to generate income, listing them on platforms. Real Estate Investors and homebuyers can also subscribe to our newsletter at condotel is a hybrid between a condominium and a hotel that lets owners enjoy the unit (and the property’s on-site amenities) themselves as well as generate income by offering it as a short-term rental property. SkyWheel Myrtle Beach. Step 3: Confirm the Condo Project Insurance Requirements. Or email gcho@gustancho. We offer a variety of mortgage options: Conventional Mortgages. Minimum down payment of 15%. Condotel Financing Guidelines. Max 75% LTV Purchase. – LendSure will calculate the income for you and provide an extensive, common-sense pre-qual within 24 hours. When people book a short-term rental, they typically. I found Condotel Financing at competitive rates Types of Mortgages Available Principle & Interest Mortgage Options 30 yr 3/3 ARM @ up to 75% LTV (Lock for 3 Yrs. 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. Or email us at gcho@gustancho. $242,900. 8999. Please contact us at (786) 220-1100 to set up your free consultation. Qualification based on Property Income, Not Your Income. 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. In Part 2 of our blog series on condominiums and condotel financing, we explored the exciting investment potential of condotels. THE OCEAN FOREST COMPANY. S Unit 816, Myrtle Beach — Coral Beach $170,000. Sooner than you think, you could be the owner of a beautiful condotel unit in Miami!Get the scoop on the 159 condos for sale in Charleston, SC. Text us for a faster response. This process is known as a Non-QM or Portfolio Loan. 2 Beds. 00:00. The team at Gustan Cho Associates are specialists in condotel financing in Florida and California as well. High LTV and Interest-Only Options. Education: must complete a commission approved 30 hour course in property management fundamentals. Ocean front condos are known by lenders as a "Condotel. Portfolio Lenders can finance these types of Condos; Not all lender wants to take a risk for these types of Condos; What is a Minimum Down Payment For Condo. 1 Baths. 256. 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. com. FHA loan limits in many parts of California is $679,650. 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. 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. 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 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. 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. Type Full Name Below: *. You can potentially have quite a bit of money left over for the things that make a house comfortable and specific to your vision. Condotel and Non-Warrantable Condo Financing. 32 days on Zillow. 1105 S Ocean Blvd. Tel: 844-953-0100 Email: info@nationwidemtg. A condo hotel goes by many names. Or email us at gcho@gustancho. A new modern luxury condo hotel is now being offered on the tree-lined shores of serene Lake Austin, with access to a local resort with…. Learn more about local market trends & nearby amenities at realtor. We can offer both warrantable and non-warrantable condo financing. Miami CONDOTEL Financing. 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. 1 bed. Email Agent. Condo Hotels are very popular in the state of Florida. MORTGAGE CALCULATOR. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». Home; About Us. Great Myrtle Beach Oceanfront Location on South Ocean Blvd. Broadway at the Beach. to. However, lenders like myself specialize in Condotel financing from $100,000 up to over $3,000,000 nationwide. Other financing options, such as an FHA or VA loan,. June 11, 2021 / in General, Mortgage / by Laura A. It is considered real estate. As for home appreciation, values have increased 5. Demise Of Condotel Financing After Real Estate Meltdown. 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. Condotel financing was totally unheard of. Reed has been profiled in and written articles featured in. South Carolina. Contact Gustan Cho Associates at 800-900-8569 or text for faster response. Rental Income. 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. Like other non-traditional mortgages, a condotel loan will require the borrower to provide a down payment toward the property. No hassels with condotel financing!! Direct Oceanfront Efficiency Unit Beautifully Remodeled with a Kitchen. Investment. 00. 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. SECTION 27-31-50. A law degree or B. The team at Gustan Cho Associates is available 7 days a week,. A 2 bedroom angle oceanfront apartment can be about $185,000 to $225,000. 810 3rd Ave S Corner 3rd Ave South and Poplar Drive South. As for home appreciation, values have increased 5. You can find homes for as low as $245,000 in Richland County. com or visit us at Gustan Cho NMLS 873293 is the National Managing Director of NEXA Mortgage, LLC dba as Gustan Cho Associates NMLS. Balloon payment due in 6 months with. The project must have at least five units. 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. 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. (866) 803-2853. com®. We. 3 miles from Condotels at One Ocean Place. - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. S. com. Condo and condotel financing list. The team at GCA Mortgage Group are experts in helping borrowers finance non-QM loans. Condotels are condominium projects, which are individually owned and operated as a hotel. 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. The median price for homes in South Carolina varies dramatically from one county to the next. Condotel Financing Now Available. The coastal south carolina city of myrtle beach is one of the top travel destinations in the nation. 1,000 Sq Ft. More than one person may own apartment. It is rare for banks and residential lenders to have the ability to offer this type of financing. 00, with the average rent median estimated to be $1,250. Condotel loans are a specific type of mortgage loan for condotel units, which are a mixture of a condo and a hotel. HOA Budget 10% reserve requirement (or amount supported by reserve study). Pet-friendly Rentals. 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. 1025 Highway 17 South. CONDOTEL FINANCING No State Limitations $100,000 - $1,250,000 Loan amount depending on the program Starting at 680 FICO 70% CLTV Purchase, Rate-Term 65% CLTV Cash-Out Highlights: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. Any apartment may be held and owned by more than one person as tenants in common or in any other real estate tenancy relationship recognized under the laws of this State. A perfect beach retreat, Heron Pond is a condo complex on the north end of Myrtle Beach and a short walk to the ocean. 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. Qualification based on Property Income, Not Your Income. Second-home financing is conventional loans and conforming Fannie Mae Guidelines On Second Homes apply. Points. ARM and 30 Year-Fixed Options available. Alpha Mortgage is licensed in North Carolina (L-113831), Virginia – Licensed by Virginia State Corporation Commission (MC-4927), South Carolina (#93265. SEARCH OUR SITE. 3910 Highway 17 South. com®. Here’s how to get your score: Complete the form below. (1985 (Reg. Or email us at gcho@gustancho. The manufactured home financing requirements need to be built on a solid concrete foundation. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. Industry-leading Bank Statement Program. Atlantic Beach currently faces one of the highest tax rates in Horry County. Condotel and non-warrantable condos are portfolio loans. 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. com (800) 697-4371 facebookCondotel financing in Miami is one of our specialties here at Lending Bankers Mortgage. . 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. Gena: We’re using the term “condotel” to include a broad group of properties which typically have one or more “Hotel” type characteristics. Homes are listed on the market for around $244,990, and are closing for about $173,400. We are available 7 days a week: evenings, weekends, holidays as well. Matthews, North Carolina (704) 858-3884; Posted Mar 9 2015,. Owning a condotel is popular in Myrtle Beach, SC due to them offering unique services that you do not receive when purchasing a condo. Non-Warrantable Condo and Co-Op financing for. Condotels at Surfmaster: Awesome Beach Vacation! - See 13 traveler reviews, 8 candid photos, and great deals for Condotels at Surfmaster at Tripadvisor. 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. The manufactured home financing requirements need to be built on a solid concrete foundation. At times in 2022 and 2023. Condo For Sale In Myrtle Beach, South Carolina. - See 13 traveler reviews, 8 candid photos, and great deals for Condotels at Surfmaster at Tripadvisor. In this second part of our blog series on condominiums and condotel financing, we will explore the ad. NMLS ID #958660. Highlights include: • Up to 75% LTV (loan to value) • One-bedroom or larger – No square footage restrictions South Carolina Condo Hotel Financing. 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. Angle oceanfront units are approximately $89,000 for one bedroom with a kitchen and a living room. City. Elevated mortgage rates continue to make. Condo Hotels are very popular in the state of Florida. The company has proposed what’s being called a “condo-tel” along South Ocean Boulevard between 30th and 31st Avenue South. Condotel Units, also known as Condo-Hotel, have been very popular from the mid-1990s until 2008, when the real estate and financial markets. We would love to have a chance to connect you to a condotel loan which can serve your needs. The Team at Lending Network, LLC Is Available Seven Days a Week, Evenings, Weekends, and Holidays. What Are the Mortgage Guidelines And Requirements For Condotel Financing? Capital Lending Network, Inc. Home Spring Mortgage offers non-QM condotel loans with. The price tag for a vacation home in a popular resort area can be astronomical. Learn more about local market trends & nearby amenities at realtor. There was a time for the past three years that not a single mortgage lender would touch a Condotel unit. 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. 926. In this third installment, we will delve into the crucial process of assessing risks and returns associated with condotel investments. A condo hotel (condotel) is a perfect way to buy a luxury holiday home without the conventional problems in ownership, such as upkeep of the property and attracting tenants while you’re not using it. Title Options: Hold Title as an individual, in a trust, or an LLC. North Myrtle Beach Branch. Rock Hill, South Carolina 42 contributions 22 helpful votes. 114. . 2br - 1100ft² - Condo for sale in Little River, South Carolina. 1 bed. Gustan Cho and his team of loan officers are licensed in multiple states. We can offer both warrantable and non-warrantable condo financing. 2023. Step 3: Confirm the Condo Project Insurance Requirements. Condotels at One Ocean Place: Rude security and pool attendant, large condo- very outdated - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. It refers to a type of property that combines elements of both condominiums and hotels. Max 75% LTV Purchase. For a list of condo hotels in Miami and Miami Beach, please. The resort offers luxurious accommodations, a variety of amenities, and a prime location. Solutions is what they are about.