An experienced builder and repeat QS borrower purchased this single-family home in Bellingham, MA for $199,500.
He renovated the property and sold it for $335,000.
QS Private Lending provided $200,000 of financing: A $150,000 acquisition loan and a $50,000 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 197% return on his investment.
Return on Investment:
Gross Selling Price$335,000
Return on Equity197%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!