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 dated May 30,2024, and Supplement No. 2. Supplement No. 3 includes an updated 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 and nine months ended September 30, 2024; and our unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2024.