A new QS borrower purchased this single-family home in Berkley, MA for $280,000. He completed a renovation of the property and sold it for $540,000.
QS Private Lending provided $342,000 of financing: A $252,000 acquisition loan and a $90,000 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 395% return on his equity investment.
Return on Investment:
Gross Selling Price$540,000
Return on Equity395%
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