A new QS borrower purchased this single-family home in Gardner, MA for $94,606. He completed a renovation of the property and sold it for $390,900.

QS Private Lending provided $160,000 of financing: A $64,000 acquisition loan and a $96,000 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 548% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$94,606
Renovations$96,000
Closing Costs$5,700
Total Cost$196,306

Financing:
Acquisition Loan$64,000
Construction Loan$96,000
Equity$36,306
Total Financing$196,306

Return on Investment:
Gross Selling Price$390,900
Closing Costs($14,227)
Interest Expense($17,600)
Loan Repayment($160,000)
Net Profit$199,073
Return on Equity548%

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