Jv related query. sharing of company ownership.

Hello,

I run a food products company in Gujarat since march 2014 (pvt ltd).

I am looking for expansion and would like to go for a project loan.

There's an individual who had a substantial land that he would like to mortgage and jointly we could qualify for loan. (Approx 8 crore)

We will split loan into equal and use for individual businesses and pay accordingly as well.

However, what kind of ownership percentage should I justify with him.

Regards,

Anand