A repeat QS borrower purchased this single-family home in Woburn, MA for $453,000. He renovated the property and sold it for $650,000.

QS Private Lending provided $512,000 of financing: A $362,000 acquisition loan and a $150,000 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 72% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$453,000
Renovations$150,000
Closing Costs$12,740
Total Cost$615,740

Financing:
Acquisition Loan$362,000
Construction Loan$150,000
Equity$103,740
Total Financing$615,740

Return on Investment:
Gross Selling Price$650,000
Closing Costs($22,000)
Interest Expense($41,813)
Loan Repayment($512,000)
Net Profit$74,187
Return on Equity72%

← Back to Case Studies

Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!