A repeat QS borrower purchased this single-family home in Holbrook, MA for $163,000. He completed a renovation of the property and sold it for $565,000.
QS Private Lending provided $345,000 of financing: A $145,000 acquisition loan and a $200,000 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 453% return on his equity investment.
Return on Investment:
Gross Selling Price$565,000
Return on Equity453%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!