A repeat QS borrower purchased this three-family home in Everett, MA for $490,000. He renovated the property and sold it for $735,000.
QS Private Lending provided $555,000 of financing: A $440,000 acquisition loan and a $115,000 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 122% return on his investment.
Return on Investment:
Gross Selling Price$735,000
Return on Equity122%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!