A repeat QS borrower purchased this single-family home in Marlborough, MA for $206,000. He renovated the property and sold it for $335,000.
QS Private Lending provided $185,000 of financing: A $175,000 acquisition loan and a $10,000 construction loan. The loan was for 12 months at 13% interest. It was secured by a first mortgage on the property.
The borrower made a 337% return on his equity investment.
Return on Investment:
Gross Selling Price$335,000
Return on Equity337%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!