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, Supplement No. 4 dated December 11, 2023, and Supplement No. 5 dated March 26, 2024. Supplement No. 5 includes an includes an update regarding the status of our offering; the reelection of Eric A. Rauscher as a manager of the Company for another three-year term; 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 year ended December 31, 2023; and our audited consolidated financial statements as of December 31, 2023 and 2022 and for each of the years in the two-year period ended December 31, 2023.