An experienced builder and repeat QS borrower purchased this single-family home in Plymouth, MA for $145,000. He renovated the property and sold it for $278,000.
QS Private Lending provided $195,000 of financing: a $130,000 acquisition loan and a $65,000 construction loan. The loan was for 12 months at 14% interest and was secured by a first mortgage on the property.
The borrower made a 252% return on his investment.
Return on Investment:
Gross Selling Price$278,000
Return on Equity252%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!