A repeat QS borrower purchased this single-family home in Franklin, MA for $322,000. He renovated the property and sold it for $450,000.

QS Private Lending provided $335,000 of financing: A $305,000 acquisition loan and a $30,000 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 348% return on his investment.

Investment Summary

Project Cost:
Purchase Price$322,000
Closing Costs$9,200
Total Cost$361,200

Acquisition Loan$305,000
Construction Loan$30,000
Total Financing$361,200

Return on Investment:
Gross Selling Price$450,000
Closing Costs($16,000)
Interest Expense($7,817)
Loan Repayment($335,000)
Net Profit$91,183
Return on Equity348%

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