A new QS borrower purchased this single-family home in Dracut, MA for $250,000. She renovated the property and sold it for $360,000.

QS Private Lending provided $275,000 of financing: A $210,000 acquisition loan and a $65,000 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 52% return on her investment.

Investment Summary

Project Cost:
Purchase Price$250,000
Renovations$65,000
Closing Costs$8,000
Total Cost$323,000

Financing:
Acquisition Loan$210,000
Construction Loan$65,000
Equity$48,000
Total Financing$323,000

Return on Investment:
Gross Selling Price$360,000
Closing Costs($13,300)
Interest Expense($46,750)
Loan Repayment($275,000)
Net Profit$24,950
Return on Equity52%

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