A repeat QS borrower purchased this single-family home in Franklin, MA for $322,000. He renovated the property and sold it for $450,000.
QS Private Lending provided $335,000 of financing: A $305,000 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 348% return on his investment.
Return on Investment:
Gross Selling Price$450,000
Return on Equity348%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!