A repeat QS borrower purchased this single-family home in Weymouth, MA for $225,000. He completed an extensive renovation of the property and sold it for $735,000.
QS Private Lending provided $477,000 of financing: A $202,000 acquisition loan and a $275,000 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 428% return on his equity investment.
Return on Investment:
Gross Selling Price$735,000
Return on Equity428%
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