A new QS borrower purchased this single-family home in Ipswich, MA for $306,600. He renovated the property and sold it for $610,000.
QS Private Lending provided $395,000 of financing: A $245,000 acquisition loan and a $150,000 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 209% return on his investment.
Return on Investment:
Gross Selling Price$610,000
Return on Equity209%
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