A repeat QS borrower purchased this single-family home in Fitchburg, MA for $155,000. He completed a renovation of the property and sold it for $265,000.
QS Private Lending provided $169,000 of financing: A $139,000 acquisition loan and a $30,000 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 346% return on his equity investment.
Return on Investment:
Gross Selling Price$265,000
Return on Equity346%
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