A repeat QS borrower purchased this single-family home in Holliston, MA for $250,000. He renovated the property, re-building it from the ground up, and sold it for $700,000.
QS Private Lending provided $310,000 of financing: A $210,000 acquisition loan and a $100,000 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 657% return on his equity investment.
Return on Investment:
Gross Selling Price$700,000
Return on Equity657%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!