A new QS borrower purchased this single-family home in Brockton, MA for $205,000. He completed a renovation of the property and sold it for $450,000.

QS Private Lending provided $229,000 of financing: A $164,000 acquisition loan and a $65,000 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 369% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$205,000
Renovations$65,000
Closing Costs$7,080
Total Cost$277,080

Financing:
Acquisition Loan$164,000
Construction Loan$65,000
Equity$48,080
Total Financing$277,080

Return on Investment:
Gross Selling Price$450,000
Closing Costs($16,000)
Interest Expense($27,480)
Loan Repayment($229,000)
Net Profit$177,520
Return on Equity369%

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