A repeat QS borrower purchased this single-family home in Shrewsbury, MA for $240,000. He renovated the property and sold it for $312,000.
QS Private Lending provided $255,000 of financing: A $215,000 acquisition loan and a $40,000 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 93% return on his investment.
Return on Investment:
Gross Selling Price$312,000
Return on Equity93%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!