A new QS borrower purchased this single-family home in Brockton, MA for $195,000. He completed a renovation of the property and sold it for $411,000.
QS Private Lending provided $236,000 of financing: A $156,000 acquisition loan and an $80,000 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 301% return on his equity investment.
Return on Investment:
Gross Selling Price$411,000
Return on Equity301%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!