A repeat QS borrower purchased this lot in Framingham, MA for $210,000. He built a new, single-family home on the property and sold it for $790,000.
QS Private Lending provided $368,000 of financing: A $168,000 acquisition loan and a $200,000 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 678% return on his equity investment.
Return on Investment:
Gross Selling Price$790,000
Return on Equity678%
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