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, Supplement No. 2 dated August 26,2019, Supplement No. 3 dated November 21, 2019, Supplement No. 4 dated February 4, 2020, and Supplement No. 5 dated February 4, 2020. Supplement No. 5 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 rate on the Notes; an update regarding additional redemption options for future holders of Notes with a 36-month maturity; an amendment to our Indenture with the trustee and a related update; an update to the “Risk Factors” section of our prospectus; an update regarding our executive officers; an update to the “Executive Compensation” section of our prospectus; 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 nine months ended September 30, 2019; and our unaudited condensed consolidated financial statements as of an for the three and nine months ended September 30, 2019.