Investing in High Yield Notes

High Interest Investment Opportunities Prospectus Open the Prospectus dated April 26, 2023

High Interest Investment Opportunities Prospectus Open Supplement 1 dated May 18, 2023

High Interest Investment Opportunities Prospectus Open Supplement 2 dated August 17, 2023

High Interest Investment Opportunities Prospectus Open Supplement 3 dated November 21, 2023

High Interest Investment Opportunities Prospectus Open Supplement 4 dated December 11, 2023

SUPPLEMENTAL INFORMATION-The prospectus of Shepherd’s Finance, LLC consists of this notice, the prospectus dated April 26, 2023, Supplement No. 1 dated May 18, 2023, Supplement No. 2 dated August 17, 2023, Supplement No. 3 dated November 21, 2023, and Supplement No. 4 dated December 11, 2023. Supplement No. 4 includes an includes an update regarding the status of our offering; an update regarding the minimum interest rate and ceiling on the Notes, as well as the current interest rates on the Notes.