A new QS borrower purchased this single-family home in Methuen, MA for $300,000. He completed a renovation of the property and sold it for $505,000.

QS Private Lending provided $340,000 of financing: A $240,000 acquisition loan and an $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 183% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$300,000
Closing Costs$9,300
Total Cost$409,300

Acquisition Loan$240,000
Construction Loan$100,000
Total Financing$409,300

Return on Investment:
Gross Selling Price$505,000
Closing Costs($17,650)
Interest Expense($20,400)
Loan Repayment($340,000)
Net Profit$126,950
Return on Equity183%

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