A new QS borrower purchased this single-family home in Fitchburg, MA for $100,000. He completed a renovation of the property and sold it for $350,000.
QS Private Lending provided $175,000 of financing: An $80,000 acquisition loan and a $95,000 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 522% return on his equity investment.
Return on Investment:
Gross Selling Price$350,000
Return on Equity522%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!