A new QS borrower purchased this single-family home in Peabody, MA for $283,500. He renovated the property and sold it for $525,000.
QS Private Lending provided $280,000 of financing: A $215,000 acquisition loan and a $65,000 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 270% return on his investment.
Return on Investment:
Gross Selling Price$525,000
Return on Equity270%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!