An experienced builder and repeat QS borrower purchased this single-family home in Holbrook, MA for $215,000. He renovated the property and sold it for $559,900.
QS Private Lending provided $375,000 of financing: A $190,000 acquisition loan and a $185,000 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$559,900
Return on Equity348%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!