A repeat QS borrower purchased this two-family home in Lynn, MA for $405,000. He completed a renovation of the property and sold it for $780,000.
QS Private Lending provided $499,000 of financing: A $324,000 acquisition loan and a $175,000 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 220% return on his equity investment.
Return on Investment:
Gross Selling Price$780,000
Return on Equity220%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!