A repeat QS borrower purchased this single-family home in Gloucester, MA for $287,500. He renovated the property and sold it for $435,000.
QS Private Lending provided $313,000 of financing: A $258,000 acquisition loan and a $55,000 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 211% return on his equity investment.
Return on Investment:
Gross Selling Price$435,000
Return on Equity211%
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