A new QS borrower purchased this single-family home in New Bedford, MA for $154,900. He completed a renovation of the property and sold it for $315,000.

QS Private Lending provided $183,000 of financing: A $123,000 acquisition loan and a $60,000 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 267% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$154,900
Closing Costs$6,160
Total Cost$221,060

Acquisition Loan$123,000
Construction Loan$60,000
Total Financing$221,060

Return on Investment:
Gross Selling Price$315,000
Closing Costs($11,950)
Interest Expense($18,300)
Loan Repayment($183,000)
Net Profit$101,750
Return on Equity267%

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