A repeat QS borrower purchased this single-family home in Warren, RI for $232,500. He renovated the property and sold it for $472,000.

QS Private Lending provided $339,250 of financing: A $209,250 acquisition loan and a $130,000 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 247% return on his investment.

Investment Summary

Project Cost:
Purchase Price$232,500
Renovations$130,000
Closing Costs$9,285
Total Cost$371,785

Financing:
Acquisition Loan$209,250
Construction Loan$130,000
Equity$32,535
Total Financing$371,785

Return on Investment:
Gross Selling Price$472,000
Closing Costs($16,660)
Interest Expense($35,621)
Loan Repayment($339,250)
Net Profit$80,469
Return on Equity247%

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