An experienced builder and repeat QS borrower purchased this condo in Methuen, MA for $108,000. He renovated the property and sold it for $166,900.
QS Private Lending provided $105,000 of financing: A $95,000 acquisition loan and a $10,000 construction loan. The loan was for 12 months at 14% interest. It was secured by a first mortgage on the property.
The borrower made a 267% return on his investment.
Return on Investment:
Gross Selling Price$166,900
Return on Equity267%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!