A new QS borrower purchased this single-family home in Brockton, MA for $200,000. He completed a renovation of the property and sold it for $325,000.
QS Private Lending provided $190,000 of financing: A $160,000 acquisition loan and a $30,000 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 232% return on her equity investment.
Return on Investment:
Gross Selling Price$325,000
Return on Equity232%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!