A new QS borrower purchased this single-family home in Natick, MA for $285,000. He completed a renovation of the property and sold it for $605,000.

QS Private Lending provided $350,000 of financing: A $228,000 acquisition loan and a $122,000 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 321% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$285,000
Renovations$122,000
Closing Costs$9,500
Total Cost$416,500

Financing:
Acquisition Loan$228,000
Construction Loan$122,000
Equity$66,500
Total Financing$416,500

Return on Investment:
Gross Selling Price$605,000
Closing Costs($20,650)
Interest Expense($21,000)
Loan Repayment($350,000)
Net Profit$213,350
Return on Equity321%

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