A new QS borrower purchased this single-family home in Worcester, MA for $225,615. He renovated the property and sold it for $330,000.
QS Private Lending provided $230,000 of financing: A $180,000 acquisition loan and a $50,000 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 140% return on his investment.
Return on Investment:
Gross Selling Price$330,000
Return on Equity140%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!