SUPPLEMENTAL INFORMATION-The prospectus of Shepherd’s Finance, LLC consists of this notice, the prospectus dated April 30, 2018, Supplement No. 1 dated May 10, 2018, Supplement No. 2 dated August 10, 2018. Supplement No. 2 includes an update regarding the status of our offering, an update regarding our outstanding Series C Preferred Units, an update regarding our debt, an update to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of our prospectus to include information for the three and six months ended June 30, 2018, and our unaudited condensed consolidated financial statements as of and for the three and six months ended June 30, 2018.