Investing in High Yield Notes

High Interest Investment Opportunities Prospectus Open the Prospectus dated April 29, 2026

High Interest Investment Opportunities Prospectus Open Supplement 1 dated May 29, 2026

SUPPLEMENTAL INFORMATION-The prospectus of Shepherd’s Finance, LLC consists of this notice, the prospectus dated April 30, 2026 and Supplement No. 1 dated May 29, 2026. Supplement No. 1 includes an update regarding the status of our offering, 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, 2026; our unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2026.