A repeat QS borrower purchased this single-family home in Kingston, MA for $230,000. He renovated the property and sold it for $395,000.

QS Private Lending provided $300,000 of financing: A $160,000 acquisition loan and a $140,000 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 57% return on his investment.

Investment Summary

Project Cost:
Purchase Price$230,000
Closing Costs$8,500
Total Cost$378,500

Acquisition Loan$160,000
Construction Loan$140,000
Total Financing$378,500

Return on Investment:
Gross Selling Price$395,000
Closing Costs($14,350)
Interest Expense($36,000)
Loan Repayment($300,000)
Net Profit$44,650
Return on Equity57%

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