A repeat QS borrower purchased this single-family home in Winchester, MA for $850,000. He renovated the property and sold it for $1,600,000.

QS Private Lending provided $990,000 of financing: A $765,000 acquisition loan and a $225,000 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 448% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$850,000
Renovations$225,000
Closing Costs$22,300
Total Cost$1,097,300

Financing:
Acquisition Loan$765,000
Construction Loan$225,000
Equity$107,300
Total Financing$1,097,300

Return on Investment:
Gross Selling Price$1,600,000
Closing Costs($50,500)
Interest Expense($79,200)
Loan Repayment($990,000)
Net Profit$480,300
Return on Equity448%

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