Hard Money in partnerships

[Amra-Faye Wright]

I have an opportunity to partner with an established flipper. I will contribute funds for the rehab which constitute approx a third of the total investment of 300K. My investment will be 100K. I can supply 30K and want to use a HML for 70K. I figure this is an excellent way to learn the business and begin to create a rapport and trust with a HML for following flips on my own.

Question: HML expect 1st Lien on the subject property, How can I make this work in a partnership when the partner has paid cash for his 2 thirds?

any suggestions and advice ?