A new QS borrower purchased this single-family home in Worcester, MA for $225,615. He renovated the property and sold it for $330,000.

QS Private Lending provided $230,000 of financing: A $180,000 acquisition loan and a $50,000 construction loan. The loan was for 12 months at 12% interest. It was secured by a first mortgage on the property.

The borrower made a 140% return on his investment.

Investment Summary

Project Cost:
Purchase Price$225,615
Renovations$50,000
Closing Costs$7,100
Total Cost$282,715

Financing:
Acquisition Loan$180,000
Construction Loan$50,000
Equity$52,715
Total Financing$282,715

Return on Investment:
Gross Selling Price$330,000
Closing Costs($12,400)
Interest Expense($13,800)
Loan Repayment($230,000)
Net Profit$73,800
Return on Equity140%

Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!