A repeat QS borrower purchased this single-family home in Barrington, NH for $115,000. He completed a renovation of the property and sold it for $250,000.
QS Private Lending provided $142,000 of financing: A $92,000 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 311% return on his equity investment.
Investment Summary
Project Cost:
Purchase Price$115,000
Renovations$50,000
Closing Costs$5,340
Total Cost$170,340
Financing:
Acquisition Loan$92,000
Construction Loan$50,000
Equity$28,340
Total Financing$170,340
Return on Investment:
Gross Selling Price$250,000
Closing Costs($10,000)
Interest Expense($9,940)
Loan Repayment($142,000)
Net Profit$88,060
Return on Equity311%
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