A repeat QS borrower purchased this single-family home in Warren, RI for $232,500. He renovated the property and sold it for $472,000.
QS Private Lending provided $339,250 of financing: A $209,250 acquisition loan and a $130,000 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 247% return on his investment.
Return on Investment:
Gross Selling Price$472,000
Return on Equity247%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!