Quit claim deed for partnership

[Charles James artino]

I bought a foreclosure, all cash using a HELOC on my home, my brother is doing most of the rehab (I am helping on the weekends). We are almost at the point where it is rentable. I now would like to go to the bank and get it financed and pay back the HELOC which we will use again to buy another house. The agreement is that my brother will be 50% owner which is great for him and me both. So I plan on signing a quit claim deed to give him half ownership. My question is, should we do the quit claim deed before I get it financed or after I get it financed ?