A new QS borrower purchased this single-family home in Stoneham, MA for $470,000. He completed a renovation of the property and sold it for $780,000.
QS Private Lending provided $484,000 of financing: A $399,000 acquisition loan and a $85,000 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 268% return on his equity investment.
Return on Investment:
Gross Selling Price$780,000
Return on Equity268%
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