A repeat QS borrower purchased this single-family home in Northbridge, MA for $275,000. He completed a renovation of the property and sold it for $405,000.

QS Private Lending provided $260,000 of financing: A $220,000 acquisition loan and a $40,000 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 191% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$275,000
Renovations$40,000
Closing Costs$7,700
Total Cost$322,700

Financing:
Acquisition Loan$220,000
Construction Loan$40,000
Equity$62,700
Total Financing$322,700

Return on Investment:
Gross Selling Price$405,000
Closing Costs($14,650)
Interest Expense($10,400)
Loan Repayment($260,000)
Net Profit$119,950
Return on Equity191%

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