A new QS borrower purchased this single-family home in Attleboro, MA for $345,000. He completed a renovation of the property and sold it for $575,000.

QS Private Lending provided $373,000 of financing: A $293,000 acquisition loan and an $80,000 construction loan. The loan was for 12 months at 13% interest. It was secured by a first mortgage on the property.

The borrower made a 262% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$345,000
Renovations$80,000
Closing Costs$9,960
Total Cost$434,960

Financing:
Acquisition Loan$293,000
Construction Loan$80,000
Equity$61,960
Total Financing$434,960

Return on Investment:
Gross Selling Price$575,000
Closing Costs($19,750)
Interest Expense($20,200)
Loan Repayment($373,000)
Net Profit$162,050
Return on Equity262%

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