A repeat QS borrower purchased this single-family home in Westford, MA for $265,000. He renovated the property and sold it for $420,000.

QS Private Lending provided $305,000 of financing: A $235,000 acquisition loan and a $70,000 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 176% return on his investment.

Investment Summary

Project Cost:
Purchase Price$265,000
Renovations$70,000
Closing Costs$8,600
Total Cost$343,600

Financing:
Acquisition Loan$235,000
Construction Loan$70,000
Equity$38,600
Total Financing$343,600

Return on Investment:
Gross Selling Price$420,000
Closing Costs($15,100)
Interest Expense($32,025)
Loan Repayment($305,000)
Net Profit$67,875
Return on Equity176%

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