A new QS borrower purchased this single-family tear-down in Marshfield, MA for $125,000. He built a new single-family home on the property and sold it for $550,000.
QS Private Lending provided $360,000 of financing: A $110,000 acquisition loan and a $250,000 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 556% return on his investment.
Return on Investment:
Gross Selling Price$550,000
Return on Equity556%
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