A repeat QS borrower purchased this single-family home in Berlin, MA for $225,000. He completed a renovation of the property and sold it for $469,900.
QS Private Lending provided $252,000 of financing: A $202,000 acquisition loan and a $50,000 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 563% return on his equity investment.
Return on Investment:
Gross Selling Price$469,900
Return on Equity563%
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