A repeat QS borrower purchased this condo unit in Worcester, MA for $142,080. He renovated the property and sold it for $239,900.
QS Private Lending provided $130,000 of financing: A $125,000 acquisition loan and a $5,000 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 418% return on his investment.
Return on Investment:
Gross Selling Price$239,900
Return on Equity418%
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