A repeat QS borrower purchased this single-family home in Worcester, MA for $100,000. He completed a renovation of the property and sold it for $298,000.
QS Private Lending provided $180,000 of financing: An $80,000 acquisition loan and a $100,000 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 323% return on his equity investment.
Return on Investment:
Gross Selling Price$298,000
Return on Equity323%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!