An existing QS borrower purchased this single-family home in Stoneham, MA for $370,000. He renovated the property and sold it for $556,000.
QS Private Lending provided $380,000 of financing: A $330,000 acquisition loan and a $50,000 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 251% return on his investment.
Return on Investment:
Gross Selling Price$556,000
Return on Equity251%
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