A new QS borrower purchased this single-family home in Swansea, MA for $199,900. He completed a renovation of the property and sold it for $372,000.

QS Private Lending provided $244,000 of financing: A $159,000 acquisition loan and an $85,000 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 207% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$199,900
Renovations$85,000
Closing Costs$7,380
Total Cost$292,280

Financing:
Acquisition Loan$159,000
Construction Loan$85,000
Equity$48,280
Total Financing$292,280

Return on Investment:
Gross Selling Price$372,000
Closing Costs($13,660)
Interest Expense($14,640)
Loan Repayment($244,000)
Net Profit$99,700
Return on Equity207%

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