A new QS borrower purchased this single-family home in Dracut, MA for $250,000. She renovated the property and sold it for $360,000.
QS Private Lending provided $275,000 of financing: A $210,000 acquisition loan and a $65,000 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 52% return on her investment.
Return on Investment:
Gross Selling Price$360,000
Return on Equity52%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!