A repeat QS borrower purchased this single-family home in Framingham, MA for $270,000. He completed a renovation of the property and sold it for $566,000.

QS Private Lending provided $296,000 of financing: A $216,000 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 373% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$270,000
Closing Costs$8,420
Total Cost$358,420

Acquisition Loan$216,000
Construction Loan$80,000
Total Financing$358,420

Return on Investment:
Gross Selling Price$566,000
Closing Costs($19,480)
Interest Expense($17,760)
Loan Repayment($296,000)
Net Profit$232,760
Return on Equity373%

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