TT vs Loosie - Party $50 NL 6-max

[JrJordan]

Guy has been pretty loose so far, VPIP around 50%, but never seen him raise before. Only played about 60 hands with him so take it for what its worth. Some analysis and results after some responses. Hand converter doesn't seem to be working today, so bare with the translation.

***** Hand History for Game 1121752960 *****
$50 NL Hold'em - Sunday, October 31, 01:46:37 EDT 2004
Table Table 14469 (6 max) (Real Money)
Seat 2 is the button
Total number of players : 6
CO: Villain ( $91.5 )
BB: Hero( $54.95 )

** Dealing down cards **
Dealt to Hero [ T [img]/images/graemlins/club.gif[/img] T [img]/images/graemlins/spade.gif[/img] ]
MP limps, villain limps, Button limps, SB limps, hero checks.

** Dealing Flop ** [ 3 [img]/images/graemlins/spade.gif[/img], 8 [img]/images/graemlins/diamond.gif[/img], 6 [img]/images/graemlins/club.gif[/img] ]
SB checks, Hero bets $4, MP calls, Villain raises to $15, Button and SB fold, Hero...

What's your action here and plan for the rest of the hand?