A repeat QS borrower purchased this single-family home in Lunenburg, MA for $217,000. She completed a renovation of the property and sold it for $365,000.
QS Private Lending provided $240,000 of financing: A $195,000 acquisition loan and a $45,000 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 332% return on her equity investment.
Return on Investment:
Gross Selling Price$365,000
Return on Equity332%
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