An experienced builder and repeat QS borrower purchased this single-family home in Ashland, MA for $331,000. He renovated the property and sold it for $535,000.
QS Private Lending provided $360,000 of financing: a $260,000 acquisition loan and a $100,000 construction loan. The loan was for 12 months at 12% interest and was secured by a first mortgage on the property.
The borrower made a 158% return on his investment.
Return on Investment:
Gross Selling Price$535,000
Return on Equity158%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!