A repeat QS borrower purchased this single-family home in Beverly, MA for $342,000. He renovated the property and sold it for $565,000.

QS Private Lending provided $345,000 of financing: A $305,000 acquisition loan and a $40,000 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 389% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$342,000
Closing Costs$9,400
Total Cost$391,400

Acquisition Loan$305,000
Construction Loan$40,000
Total Financing$391,400

Return on Investment:
Gross Selling Price$565,000
Closing Costs($19,450)
Interest Expense($20,125)
Loan Repayment($345,000)
Net Profit$180,425
Return on Equity389%

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