A repeat QS borrower purchased this single-family home in Millbury, MA for $180,000. He renovated the property and sold it for $330,000.
QS Private Lending provided $159,000 of financing: A $144,000 acquisition loan and a $15,000 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 339% return on his equity investment.
Return on Investment:
Gross Selling Price$330,000
Return on Equity339%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!