A repeat QS borrower purchased this single-family home in Lawrence, MA for $229,000. He renovated the property and sold it for $400,000.
QS Private Lending provided $235,000 of financing: A $205,000 acquisition loan and a $30,000 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 386% return on his equity investment.
Return on Investment:
Gross Selling Price$400,000
Return on Equity386%
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