A repeat QS borrower purchased this single-family home in Lawrence, MA for $229,000. He renovated the property and sold it for $400,000.

QS Private Lending provided $235,000 of financing: A $205,000 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 386% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$229,000
Closing Costs$7,200
Total Cost$266,200

Acquisition Loan$205,000
Construction Loan$30,000
Total Financing$266,200

Return on Investment:
Gross Selling Price$400,000
Closing Costs($14,500)
Interest Expense($30,158)
Loan Repayment($235,000)
Net Profit$120,342
Return on Equity386%

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