A repeat QS borrower purchased this single-family home in Gloucester, MA for $287,500. He renovated the property and sold it for $435,000.

QS Private Lending provided $313,000 of financing: A $258,000 acquisition loan and a $55,000 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 211% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$287,500
Closing Costs$8,760
Total Cost$351,260

Acquisition Loan$258,000
Construction Loan$55,000
Total Financing$351,260

Return on Investment:
Gross Selling Price$435,000
Closing Costs($15,550)
Interest Expense($25,562)
Loan Repayment($313,000)
Net Profit$80,888
Return on Equity211%

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