A repeat QS borrower purchased this single-family home in Kingston, MA for $230,000. He renovated the property and sold it for $395,000.
QS Private Lending provided $300,000 of financing: A $160,000 acquisition loan and a $140,000 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 57% return on his investment.
Return on Investment:
Gross Selling Price$395,000
Return on Equity57%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!