A repeat QS borrower purchased this single-family home in Stoneham, MA for $440,000. He completed a renovation of the property and sold it for $590,000.

QS Private Lending provided $409,000 of financing: A $374,000 acquisition loan and a $35,000 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 167% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$440,000
Closing Costs$10,680
Total Cost$485,680

Acquisition Loan$374,000
Construction Loan$35,000
Total Financing$485,680

Return on Investment:
Gross Selling Price$590,000
Closing Costs($20,200)
Interest Expense($32,720)
Loan Repayment($409,000)
Net Profit$128,080
Return on Equity167%

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