An experienced builder and new QS borrower purchased this single-family home in Gardner, MA for $75,000. He renovated the property and sold it for $201,000.
QS Private Lending provided $90,000 of financing: A $60,000 acquisition loan and a $30,000 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 494% return on his investment.
Return on Investment:
Gross Selling Price$201,000
Return on Equity494%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!