A repeat QS borrower purchased this single-family home in Winchester, MA for $850,000. He renovated the property and sold it for $1,600,000.
QS Private Lending provided $990,000 of financing: A $765,000 acquisition loan and a $225,000 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 448% return on his equity investment.
Return on Investment:
Gross Selling Price$1,600,000
Return on Equity448%
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