SUPPLEMENTAL INFORMATION-The prospectus of Shepherd’s Finance, LLC consists of this notice, the prospectus dated April 18, 2019, Supplement No. 1 dated May 15, 2019, and Supplement No. 2 dated August 26,2019. Supplement No. 2 includes an update regarding the status of our offering, an update regarding our executive officers, 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 and six months ended June 30, 2019 and our unaudited condensed consolidated financial statements as of and for the three and six months ended June 30, 2019.