An experienced builder and repeat QS borrower purchased this single-family home in Hopedale, MA for $167,475.
He renovated the property and sold it for $350,000.
QS Private Lending provided $175,000 of financing: A $125,000 acquisition loan and a $50,000 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 313% return on his investment.
Return on Investment:
Gross Selling Price$350,000
Return on Equity313%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!