Seeking GAP Funding Partner | Luxury Flip | CA | $500K–$1M Projected Net.
I am currently in escrow on a luxury residential property in Santa Barbara, CA, and am seeking a GAP funding partner to help close this deal. This is a well-underwritten opportunity with strong downside protection in one of the most resilient luxury real estate markets in the country.
Overview:
Property Type: Luxury Single Family Residence — Santa Barbara, CA
Status: Currently in Escrow
Lender Coverage: 90% of acquisition + 100% of rehab costs covered by existing lender
GAP Needed: Remaining acquisition costs not covered by the primary lender
Why This Deal Makes Sense
Extensive due diligence completed — I am happy to share the full net sheet, scope of work, and budget with any serious inquiries.
Conservative ARV of $1,500 – $1,650 per square foot — based on current comparable sales in the immediate area.
The median price per square foot for a fixer in this location is already $1,500 — meaning our entry point is supported by the current market floor, not a best-case scenario.
Projected net profit of $500,000 – $1,000,000 based on conservative numbers.
Licensed general contractor on board with a detailed scope of work and an approved budget in place.
As a Local Real Estate Expert, I have deep local market knowledge and access to the luxury buyer pool at close
What I Am Offering the GAP Partner
I am open to structuring this in a way that works for the right partner.
Options include:
Straight equity share
Split of net proceeds at close
Preferred return structure — open to discussion
All terms are negotiable, and I am committed to full transparency throughout the process. You will have access to all deal documentation before committing to anything.
Ideal Partner
Accredited investor or experienced real estate professional
Able to move quickly — we are already in escrow
Interested in a short to medium term hold with a strong projected return
Located anywhere — this is a passive position; I will act as project manager with boots on the ground through COE.
Next Steps
If this opportunity interests you, I welcome a direct conversation. I will provide the full net sheet, lender terms, scope of work, contractor budget, and comparable sales data to any serious party upon request.
