A new QS borrower purchased this single-family home in Stoneham, MA for $470,000. He completed a renovation of the property and sold it for $780,000.

QS Private Lending provided $484,000 of financing: A $399,000 acquisition loan and a $85,000 construction loan. The loan was for 12 months at 13% interest. It was secured by a first mortgage on the property.

The borrower made a 268% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$470,000
Renovations$85,000
Closing Costs$12,180
Total Cost$567,180

Financing:
Acquisition Loan$399,000
Construction Loan$85,000
Equity$83,180
Total Financing$567,180

Return on Investment:
Gross Selling Price$780,000
Closing Costs($25,900)
Interest Expense($47,190)
Loan Repayment($484,000)
Net Profit$222,910
Return on Equity268%

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