An experienced builder and repeat QS borrower purchased this single-family home in Osterville, MA for $295,000.
He renovated the property and sold it for $555,000.
QS Private Lending provided $295,000 of financing: A $265,000 acquisition loan and a $30,000 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 573% return on his investment.
Return on Investment:
Gross Selling Price$555,000
Return on Equity573%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!