An experienced builder and repeat QS borrower purchased this two-family home in Somerville, MA for $1,100,000.
He renovated the property and sold it for $1,400,000.
QS Private Lending provided $950,000 of financing: An $800,000 acquisition loan and a $150,000 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 97% return on his investment.
Return on Investment:
Gross Selling Price$1,400,000
Return on Equity97%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!