An experienced builder and repeat QS borrower purchased this single-family home in Worcester, MA for $117,900. He renovated the property and sold it for $261,400.
QS Private Lending provided $140,000 of financing: A $90,000 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 494% return on his investment.
Return on Investment:
Gross Selling Price$261,400
Return on Equity313%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!