A new QS borrower purchased this single-family home in Palmer, MA for $120,000. He completed a renovation of the property and sold it for $310,000.

QS Private Lending provided $152,000 of financing: A $102,000 acquisition loan and a $50,000 construction loan. The loan was for 12 months at 13% interest. It was secured by a first mortgage on the property.

The borrower made a 551% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$120,000
Closing Costs$5,540
Total Cost$175,540

Acquisition Loan$102,000
Construction Loan$50,000
Total Financing$175,540

Return on Investment:
Gross Selling Price$310,000
Closing Costs($11,800)
Interest Expense($16,467)
Loan Repayment($152,000)
Net Profit$129,733
Return on Equity551%

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