A new QS borrower purchased this single-family home in Brockton, MA for $200,000. He completed a renovation of the property and sold it for $325,000.

QS Private Lending provided $190,000 of financing: A $160,000 acquisition loan and a $30,000 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 232% return on her equity investment.

Investment Summary

Project Cost:
Purchase Price$200,000
Closing Costs$6,300
Total Cost$236,300

Acquisition Loan$160,000
Construction Loan$30,000
Total Financing$236,300

Return on Investment:
Gross Selling Price$325,000
Closing Costs($12,250)
Interest Expense($15,200)
Loan Repayment($190,000)
Net Profit$107,550
Return on Equity232%

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