A new QS borrower purchased this single-family home in Chelmsford, MA for $330,000. He renovated the property and sold it for $560,000.

QS Private Lending provided $415,000 of financing: A $275,000 acquisition loan and a $140,000 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 122% return on his investment.

Investment Summary

Project Cost:
Purchase Price$330,000
Renovations$140,000
Closing Costs$10,800
Total Cost$480,800

Financing:
Acquisition Loan$275,000
Construction Loan$140,000
Equity$65,800
Total Financing$480,800

Return on Investment:
Gross Selling Price$560,000
Closing Costs($19,300)
Interest Expense($45,650)
Loan Repayment($415,000)
Net Profit$80,050
Return on Equity122%

Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!