A repeat QS borrower purchased this single-family home in Woburn, MA for $453,000. He renovated the property and sold it for $650,000.
QS Private Lending provided $512,000 of financing: A $362,000 acquisition loan and a $150,000 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 72% return on his equity investment.
Return on Investment:
Gross Selling Price$650,000
Return on Equity72%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!