A new QS borrower purchased this single-family home in Palmer, MA for $120,000. He completed a renovation of the property and sold it for $310,000.
QS Private Lending provided $152,000 of financing: A $102,000 acquisition loan and a $50,000 construction loan. The loan was for 12 months at 13% interest. It was secured by a first mortgage on the property.
The borrower made a 551% return on his equity investment.
Return on Investment:
Gross Selling Price$310,000
Return on Equity551%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!