A new QS borrower purchased this single-family home in Brockton, MA for $195,000. He completed a renovation of the property and sold it for $411,000.

QS Private Lending provided $236,000 of financing: A $156,000 acquisition loan and an $80,000 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 301% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$195,000
Renovations$80,000
Closing Costs$7,220
Total Cost$282,220

Financing:
Acquisition Loan$156,000
Construction Loan$80,000
Equity$46,220
Total Financing$282,220

Return on Investment:
Gross Selling Price$411,000
Closing Costs($14,830)
Interest Expense($21,240)
Loan Repayment($236,000)
Net Profit$138,930
Return on Equity301%

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