An experienced builder and repeat QS borrower purchased this single-family home in Holbrook, MA for $174,000.
He renovated the property and sold it for $424,900.
QS Private Lending provided $290,000 of financing: A $155,000 acquisition loan and a $135,000 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 327% return on his investment.
Return on Investment:
Gross Selling Price$424,900
Return on Equity327%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!