An experienced builder and repeat QS borrower purchased this single-family home in Marion, MA for $158,000.

He renovated the property and sold it for $260,000.

QS Private Lending provided $170,000 of financing: A $140,000 acquisition loan and a $30,000 construction loan. The loan was for 12 months at 14% interest. It was secured by a first mortgage on the property.

The borrower made a 292% return on his investment.

Investment Summary

Project Cost:
Purchase Price$158,000
Renovations$30,000
Closing Costs$5,900
Total Cost$193,900

Financing:
Acquisition Loan$140,000
Construction Loan$30,000
Equity$23,900
Total Financing$193,900

Return on Investment:
Gross Selling Price$260,000
Closing Costs(10,300)
Interest Expense($9,900)
Loan Repayment($170,000)
Net Profit$69,800
Return on Equity292%

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