A repeat QS borrower purchased this lot in Framingham, MA for $210,000. He built a new, single-family home on the property and sold it for $790,000.

QS Private Lending provided $368,000 of financing: A $168,000 acquisition loan and a $200,000 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 678% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$210,000
Renovations$200,000
Closing Costs$9,860
Total Cost$419,860

Financing:
Acquisition Loan$168,000
Construction Loan$200,000
Equity$51,860
Total Financing$419,860

Return on Investment:
Gross Selling Price$790,000
Closing Costs($26,200)
Interest Expense($44,160)
Loan Repayment($368,000)
Net Profit$351,640
Return on Equity678%

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