A repeat QS borrower purchased this single-family home in Natick, MA for $475,000. He completed an extensive renovation and expansion of the property and sold it for $950,000.
QS Private Lending provided $752,000 of financing: A $427,000 acquisition loan and a $325,000 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 129% return on his equity investment.
Return on Investment:
Gross Selling Price$950,000
Return on Equity129%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!