A repeat QS borrower purchased this single-family home in Holliston, MA for $250,000. He renovated the property, re-building it from the ground up, and sold it for $700,000.
QS Private Lending provided $310,000 of financing: A $210,000 acquisition loan and a $100,000 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 657% return on his equity investment.
Investment Summary
Project Cost:
Purchase Price$250,000
Renovations$100,000
Closing Costs$8,700
Total Cost$358,700
Financing:
Acquisition Loan$210,000
Construction Loan$100,000
Equity$48,700
Total Financing$358,700
Return on Investment:
Gross Selling Price$700,000
Closing Costs($23,500)
Interest Expense($46,500)
Loan Repayment($310,000)
Net Profit$320,000
Return on Equity657%
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