A new QS borrower purchased this single-family home in Swansea, MA for $199,900. He completed a renovation of the property and sold it for $372,000.
QS Private Lending provided $244,000 of financing: A $159,000 acquisition loan and an $85,000 construction loan. The loan was for 12 months at 12% interest. It was secured by a first mortgage on the property.
The borrower made a 207% return on his equity investment.
Return on Investment:
Gross Selling Price$372,000
Return on Equity207%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!