A repeat QS borrower purchased this single-family home in Berlin, MA for $225,000. He completed a renovation of the property and sold it for $469,900.

QS Private Lending provided $252,000 of financing: A $202,000 acquisition loan and a $50,000 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 563% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$225,000
Closing Costs$7,540
Total Cost$282,540

Acquisition Loan$202,000
Construction Loan$50,000
Total Financing$282,540

Return on Investment:
Gross Selling Price$469,900
Closing Costs($16,597)
Interest Expense($29,400)
Loan Repayment($252,000)
Net Profit$171,903
Return on Equity563%

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