An experienced builder and repeat QS borrower purchased this single-family home in Holbrook, MA for $215,000. He renovated the property and sold it for $559,900.

QS Private Lending provided $375,000 of financing: A $190,000 acquisition loan and a $185,000 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$215,000
Closing Costs$10,000
Total Cost$410,000

Acquisition Loan$190,000
Construction Loan$185,000
Total Financing$410,000

Return on Investment:
Gross Selling Price$559,900
Closing Costs($19,297)
Interest Expense($43,750)
Loan Repayment($375,000)
Net Profit$121,853
Return on Equity348%

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