A new QS borrower purchased this single-family home in Fall River, MA for $200,000. He renovated the property and sold it for $355,000.
QS Private Lending provided $235,000 of financing: A $160,000 acquisition loan and a $75,000 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 182% return on his investment.
Return on Investment:
Gross Selling Price$355,000
Return on Equity182%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!