Combination of an equity, a credit partner and project sponsor

[Hassan O.]

I have a great deal in southern California with $300k purchase price,  60k in rehab with an arv of about $650k. Single family detached, private seller not willing to owner finance. 

I want to create deal bringing together 3 people; (a) cash partner at $120k +(b)credit partner for the Bal on a private loan+ (c)carve out a secured stake (25-30%) for me (without me putting much cash of my own in) as the person that found the deal and that will manage the closing, rehabbing and resale process.

I have success fully completed several deals where I used a single private lender to buy straight out or to cover costs in second position on a subject to deal. Have not used a credit partner before except for the primary on the loan for the subject to ( loan already in place)

Conceptionally I get the idea but need to get a clearer picture of how to legally structure this. Does anyone have an example or two. My intention is not to tie up much or any of my cash in the deal as I am working on another.