Investing in High Yield Notes

High Interest Investment Opportunities Prospectus Open the Prospectus dated April 15, 2024

High Interest Investment Opportunities Prospectus Open Supplement 1 dated May 30, 2024

SUPPLEMENTAL INFORMATION-This document supplements, and should be read in conjunction with, the prospectus of Shepherd’s Finance, LLC (the “Company,” “we,” or “our”) dated April 15, 2024. Supplement No. 1 includes an updated regarding the status of our offering; the appointment of the Executive Vice President of Lending Operations; the change of officer title for William Myrick; 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 months ended March 31, 2024; and our unaudited and consolidated financial statements as of and for the three months ended March 31, 2024.