A new QS borrower purchased this single-family home in Gardner, MA for $94,606. He completed a renovation of the property and sold it for $390,900.
QS Private Lending provided $160,000 of financing: A $64,000 acquisition loan and a $96,000 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 548% return on his equity investment.
Return on Investment:
Gross Selling Price$390,900
Return on Equity548%
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