A repeat QS borrower purchased this single-family home in Upton, MA for $229,000. He renovated the property and sold it for $372,000.
QS Private Lending provided $225,000 of financing: A $180,000 acquisition loan and a $45,000 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 218% return on his investment.
Return on Investment:
Gross Selling Price$372,000
Return on Equity218%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!