A repeat QS borrower purchased this single-family home in Fitchburg, MA for $148,000. She completed a renovation of the property and sold it for $320,000.
QS Private Lending provided $188,000 of financing: A $133,000 acquisition loan and a $55,000 construction loan. The loan was for 12 months at 14% interest. It was secured by a first mortgage on the property.
The borrower made a 492% return on her equity investment.
Return on Investment:
Gross Selling Price$320,000
Return on Equity492%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!