Joint Venture Flip Questions

[Aaron Rowzee]

Good morning, BP.

I've got a first time situation concerning a flip house I have under contract. My plan was originally to use hard money to purchase and flip the home, however, one of the investors in my local group has approached me to do a joint venture on the flip. He has funding available in the form of a pre-approved bank loan, and I have the contract in my LLCs name. 

Is this going to be a problem, with him having bank financing in his company name and me having the contract in my company's name? If this is an actual problem, what is the easiest way to fix it while maintaining my leverage in the deal?