I cannot lend money out of my super to any related party – is this correct?

What if I purchased a property together with a related party for the purpose of demolishing the old established house, and rebuilding a new one for investment purposes?

We each put our share of initial capital and the property will be owned jointly. To develop the property, I would use the funds available to me in the Super for my share of the outlay and the related party will borrow from the bank for the remainder. Everything will be kept at arm’s length of course.

Is this feasible? Are there any traps? Please keep in mind this is an investment or a commercial project so far as the Superannuation is concerned.