An experienced builder and repeat QS borrower purchased this three-family home in Everett, MA for $536,550. He renovated the property and sold it for $840,000.
QS Private Lending provided $585,000 of financing: A $460,000 acquisition loan and a $125,000 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 183% return on his investment.
Return on Investment:
Gross Selling Price$840,000
Return on Equity183%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!