A new QS borrower purchased this single-family home in Cumberland, RI for $200,000. He completed a renovation of the property and sold it for $396,000.

QS Private Lending provided $220,000 of financing: A $180,000 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 496% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$200,000
Closing Costs$6,900
Total Cost$246,900

Acquisition Loan$180,000
Construction Loan$40,000
Total Financing$246,900

Return on Investment:
Gross Selling Price$396,000
Closing Costs($14,380)
Interest Expense($28,233)
Loan Repayment($220,000)
Net Profit$133,387
Return on Equity496%

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