"Credit Partner" Explanation - Can you explain?

[Coastwalk]

Hi, I would really appreciate your help. I am involved in a situation...the scenario is explained as follows:

"Each contract is being assigned to a separate buyer, who will serve as a "credit partner", assuming the risk, who will, in turn, receive a 1/3 equity position in the assigned property, which will be placed in a land trust.  Each land trust will be comprised of the credit partner (assignee)."

Can you help me understand what the buyer is doing here? Thanks!

[real deal]

Hi, I would really appreciate your help. I am involved in a situation...the scenario is explained as follows:

"Each contract is being assigned to a separate buyer, who will serve as a "credit partner", assuming the risk, who will, in turn, receive a 1/3 equity position in the assigned property, which will be placed in a land trust.  Each land trust will be comprised of the credit partner (assignee)."

Can you help me understand what the buyer is doing here? Thanks!

Yes,the buyer is using the credit partner to purchase the property.There using your good credit to get the property and in return giving you a piece of the action.