A repeat QS borrower purchased this single-family home in Weymouth, MA for $225,000. He completed an extensive renovation of the property and sold it for $735,000.

QS Private Lending provided $477,000 of financing: A $202,000 acquisition loan and a $275,000 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 428% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$225,000
Closing Costs$12,040
Total Cost$512,040

Acquisition Loan$202,000
Construction Loan$275,000
Total Financing$512,040

Return on Investment:
Gross Selling Price$735,000
Closing Costs($24,550)
Interest Expense($83,475)
Loan Repayment($477,000)
Net Profit$149,975
Return on Equity428%

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