A repeat QS borrower purchased this single-family home in Mansfield, MA for $282,000. She completed a renovation of the property and sold it for $389,900.
QS Private Lending provided $263,000 of financing: A $253,000 acquisition loan and a $10,000 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 257% return on her equity investment.
Return on Investment:
Gross Selling Price$389,900
Return on Equity257%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!