A repeat QS borrower purchased this single-family home in South Dennis, MA for $209,000. He completed a renovation of the property and sold it for $389,000.

QS Private Lending provided $228,000 of financing: A $188,000 acquisition loan and a $40,000 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 457% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$209,000
Renovations$40,000
Closing Costs$7,060
Total Cost$256,060

Financing:
Acquisition Loan$188,000
Construction Loan$40,000
Equity$28,060
Total Financing$256,060

Return on Investment:
Gross Selling Price$389,000
Closing Costs($14,170)
Interest Expense($18,620)
Loan Repayment($228,000)
Net Profit$128,210
Return on Equity457%

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