A repeat QS borrower purchased this single-family tear-down in Marshfield, MA for $150,000. He built a new single-family home on the property and sold it for $650,000.
QS Private Lending provided $445,000 of financing: A $135,000 acquisition loan and a $310,000 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 536% return on his investment.
Return on Investment:
Gross Selling Price$650,000
Return on Equity536%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!