Private lender mortgage structure

[Keith A.]

I purchased a property cash and was going to a cash out refi and a friend offered to act as a private lender. Currently the property is in my name and I was going to deed it over to an LLC.

Are there any issues if the loan is in my name and the property is eventually in the LLC? Is that making me vulnerable or unprotected? I see from the boards that investors do this a lot but wanted to check before consulting an attorney.