A repeat QS borrower purchased this single-family home in Framingham, MA for $270,000. He completed a renovation of the property and sold it for $566,000.
QS Private Lending provided $296,000 of financing: A $216,000 acquisition loan and an $80,000 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 373% return on his equity investment.
Return on Investment:
Gross Selling Price$566,000
Return on Equity373%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!