A repeat QS borrower purchased this single-family home in Beverly, MA for $342,000. He renovated the property and sold it for $565,000.
QS Private Lending provided $345,000 of financing: A $305,000 acquisition loan and a $40,000 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 389% return on his equity investment.
Return on Investment:
Gross Selling Price$565,000
Return on Equity389%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!