A repeat QS borrower purchased this single-family home in Marstons Mills, MA for $230,000. He renovated the property and sold it for $350,000.

QS Private Lending provided $214,000 of financing: A $184,000 acquisition loan and a $30,000 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 225% return on his investment.

Investment Summary

Project Cost:
Purchase Price$230,000
Renovations$30,000
Closing Costs$6,780
Total Cost$266,780

Financing:
Acquisition Loan$184,000
Construction Loan$30,000
Equity$52,780
Total Financing$266,780

Return on Investment:
Gross Selling Price$350,000
Closing Costs($13,000)
Interest Expense($4,280)
Loan Repayment($214,000)
Net Profit$118,720
Return on Equity225%

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