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Advice on setting up an SPV for a project


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Hello all. I have a project with 3 stakeholders (property owner, builder & myself) and I need to structure a legally binding deal to ensure clarity or purpose and ensure everyone is paid. The project is to build an apartment on an existing property. The property owner already has planning permission but can't afford the build cost. I have a builder friend who will do the work and get paid either through refinancing or sale of an apartment (there are already 6 other apartments in this large block). Does anyone have any experience or advice for setting up this type of deal and/or using an SPV (special purpose vehicle or company) for this purpose? Many thanks. Chris 

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