An experienced builder and repeat QS borrower purchased this two-family home in Leicester, MA for $103,000. He renovated the property and sold it for $260,000.
QS Private Lending provided $155,000 of financing: an $80,000 acquisition loan and a $75,000 construction loan. The loan was for 12 months at 12% interest and was secured by a first mortgage on the property.
The borrower made a 282% return on his investment.
Return on Investment:
Gross Selling Price$260,000
Return on Equity282%
Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!