A repeat QS borrower purchased this single-family home in Natick, MA for $475,000. He completed an extensive renovation and expansion of the property and sold it for $950,000.

QS Private Lending provided $752,000 of financing: A $427,000 acquisition loan and a $325,000 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 129% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$475,000
Renovations$325,000
Closing Costs$17,540
Total Cost$817,540

Financing:
Acquisition Loan$427,000
Construction Loan$325,000
Equity$65,540
Total Financing$817,540

Return on Investment:
Gross Selling Price$950,000
Closing Costs($31,000)
Interest Expense($82,720)
Loan Repayment($752,000)
Net Profit$84,280
Return on Equity129%

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