A repeat QS borrower purchased this single-family home in Salem, NH for $261,000. He renovated the property and sold it for $544,000.

QS Private Lending provided $330,000 of financing: A $230,000 acquisition loan and a $100,000 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 420% return on his investment.

Investment Summary

Project Cost:
Purchase Price$261,000
Renovations$100,000
Closing Costs$9,100
Total Cost$370,100

Financing:
Acquisition Loan$230,000
Construction Loan$100,000
Equity$40,100
Total Financing$370,100

Return on Investment:
Gross Selling Price$544,000
Closing Costs($18,820)
Interest Expense($26,950)
Loan Repayment($330,000)
Net Profit$168,230
Return on Equity420%

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