A repeat QS borrower purchased this two-family home in Fitchburg, MA for $205,000. She completed a renovation of the property and sold it for $420,000.
QS Private Lending provided $219,000 of financing: A $184,000 acquisition loan and a $35,000 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 603% return on her equity investment.
Return on Investment:
Gross Selling Price$420,000
Return on Equity603%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!