A new QS borrower purchased this single-family home in Leominster, MA for $217,000. He completed a renovation of the property and sold it for $195,000.

QS Private Lending provided $267,000 of financing: A $156,000 acquisition loan and a $111,000 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 255% return on his equity investment.

Investment Summary

Project Cost:
Purchase Price$195,000
Renovations$111,000
Closing Costs$7,840
Total Cost$313,840

Financing:
Acquisition Loan$156,000
Construction Loan$111,000
Equity$46,840
Total Financing$313,840

Return on Investment:
Gross Selling Price$420,000
Closing Costs($15,100)
Interest Expense($18,690)
Loan Repayment($267,000)
Net Profit$119,210
Return on Equity255%

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