A new QS borrower purchased this two-family home in Milford, MA for $300,000. He renovated the property and sold it for $425,000.

QS Private Lending provided $275,000 of financing: A $240,000 acquisition loan and a $35,000 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 150% return on his investment.

Investment Summary

Project Cost:
Purchase Price$300,000
Closing Costs$8,000
Total Cost$343,000

Acquisition Loan$240,000
Construction Loan$35,000
Total Financing$343,000

Return on Investment:
Gross Selling Price$425,000
Closing Costs($15,250)
Interest Expense($33,000)
Loan Repayment($275,000)
Net Profit$101,750
Return on Equity150%

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