An experienced builder and repeat QS borrower purchased this single-family home in South Dennis, MA for $238,000. He renovated the property and sold it for $360,000.
QS Private Lending provided $240,000 of financing: A $210,000 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 255% return on his investment.
Return on Investment:
Gross Selling Price$360,000
Return on Equity255%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!