A new QS borrower purchased this single-family home in Northborough, MA for $341,000. She renovated the property and sold it for $595,000.

QS Private Lending provided $340,000 of financing: A $270,000 acquisition loan and a $70,000 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 her investment.

Investment Summary

Project Cost:
Purchase Price$341,000
Closing Costs$9,300
Total Cost$420,300

Acquisition Loan$270,000
Construction Loan$70,000
Total Financing$420,300

Return on Investment:
Gross Selling Price$595,000
Closing Costs($20,350)
Interest Expense($20,400)
Loan Repayment($340,000)
Net Profit$214,250
Return on Equity267%

Have you identified a property that you would like to acquire? Contact us today, and make a more competitive offer!