A new QS borrower purchased this single-family home in Hopkinton, MA for $280,000. She renovated the property and sold it for $427,500.
QS Private Lending provided $270,000 of financing: A $250,000 acquisition loan and a $20,000 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 317% return on her investment.
Return on Investment:
Gross Selling Price$427,500
Return on Equity317%
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