A repeat QS borrower purchased this single-family home in Tewksbury, MA for $317,500. He renovated the property and sold it for $564,000.

QS Private Lending provided $385,000 of financing: A $285,000 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 290% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$317,500
Renovations$100,000
Closing Costs$10,200
Total Cost$427,700

Financing:
Acquisition Loan$285,000
Construction Loan$100,000
Equity$42,700
Total Financing$427,700

Return on Investment:
Gross Selling Price$564,000
Closing Costs($19,420)
Interest Expense($35,933)
Loan Repayment($385,000)
Net Profit$123,647
Return on Equity290%

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