A repeat QS borrower purchased this single-family home in Lunenburg, MA for $217,000. She completed a renovation of the property and sold it for $365,000.

QS Private Lending provided $240,000 of financing: A $195,000 acquisition loan and a $45,000 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 332% return on her equity investment.

Investment Summary

Project Cost:
Purchase Price$217,000
Renovations$45,000
Closing Costs$7,300
Total Cost$269,300

Financing:
Acquisition Loan$195,000
Construction Loan$45,000
Equity$29,300
Total Financing$269,300

Return on Investment:
Gross Selling Price$365,000
Closing Costs($13,450)
Interest Expense($14,400)
Loan Repayment($240,000)
Net Profit$97,150
Return on Equity332%

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