An experienced builder and repeat QS borrower purchased this single-family home in Somerville, MA for $585,000.
He renovated the property and sold it for $1,250,000.
QS Private Lending provided $755,000 of financing: A $525,000 acquisition loan and a $230,000 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 382% return on his investment.
Return on Investment:
Gross Selling Price$1,250,000
Return on Equity382%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!