A repeat QS borrower purchased this single-family home in Attleboro, MA for $156,500. He completed a renovation of the property and sold it for $400,000.
QS Private Lending provided $244,000 of financing: A $124,000 acquisition loan and a $120,000 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 300% return on his equity investment.
Return on Investment:
Gross Selling Price$400,000
Return on Equity300%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!