Should my private lender use an LLC or lend in his own name

[Nathan Waters]

I have a co worker that want's to provide funds for my next house at a fixed interest rate. One thing he is contemplating is whether or not to lend to me as an individual or if he should establish an LLC to invest. The money he provides will go to my LLC and used for renovations on my next property. Any advice or tips on what others have done is helpful. I will of coarse be using my own attorney to draft contracts and record and liens.