A repeat QS borrower purchased this single-family home in Wakefield, MA for $333,000. He completed an extensive, gut-renovation of the property and sold it for $770,000.
QS Private Lending provided $515,000 of financing: A $295,000 acquisition loan and a $220,000 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 215% return on his equity investment.
Return on Investment:
Gross Selling Price$770,000
Return on Equity215%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!