An experienced builder and repeat QS borrower purchased this single-family home in Wilmington, MA for $305,000.
He renovated the property and sold it for $480,000.
QS Private Lending provided $323,000 of financing: A $244,000 acquisition loan and a $79,000 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 182% return on his investment.
Return on Investment:
Gross Selling Price$480,000
Return on Equity182%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!