An experienced builder and new QS borrower purchased this condo unit in Everett, MA for $100,000.
He renovated the property and sold it for $236,000.
QS Private Lending provided $130,000 of financing: An $80,000 acquisition loan and a $50,000 construction loan. The loan was for 12 months at 12% interest. It was secured by a first mortgage on the property.
The borrower made a 338% return on his investment.
Return on Investment:
Gross Selling Price$236,000
Return on Equity338%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!