A repeat QS borrower purchased this single-family home in Millbury, MA for $180,000. He renovated the property and sold it for $330,000.

QS Private Lending provided $159,000 of financing: A $144,000 acquisition loan and a $15,000 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 339% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$180,000
Renovations$15,000
Closing Costs$5,680
Total Cost$200,680

Financing:
Acquisition Loan$144,000
Construction Loan$15,000
Equity$41,680
Total Financing$200,680

Return on Investment:
Gross Selling Price$330,000
Closing Costs($12,400)
Interest Expense($17,490)
Loan Repayment($159,000)
Net Profit$141,110
Return on Equity339%

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