A repeat QS borrower purchased this single-family home in Wakefield, MA for $333,000. He completed an extensive, gut-renovation of the property and sold it for $770,000.

QS Private Lending provided $515,000 of financing: A $295,000 acquisition loan and a $220,000 construction loan. The loan was for 12 months at 14% interest. It was secured by a first mortgage on the property.

The borrower made a 215% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$333,000
Renovations$220,000
Closing Costs$12,800
Total Cost$565,800

Financing:
Acquisition Loan$295,000
Construction Loan$220,000
Equity$50,800
Total Financing$565,800

Return on Investment:
Gross Selling Price$770,000
Closing Costs($25,600)
Interest Expense($120,166)
Loan Repayment($515,000)
Net Profit$109,234
Return on Equity215%

← Back to Case Studies

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