A repeat QS borrower purchased this single-family home in Dudley, MA for $132,500. He completed a renovation of the property and sold it for $300,000.
QS Private Lending provided $182,000 of financing: A $112,000 acquisition loan and a $70,000 construction loan. The loan was for 12 months at 13% interest. It was secured by a first mortgage on the property.
The borrower made a 370% return on his equity investment.
Return on Investment:
Gross Selling Price$300,000
Return on Equity370%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!