Investing in High Yield Notes

High Interest Investment Opportunities Prospectus Open the Prospectus dated September 16, 2022

High Interest Investment Opportunities Prospectus Open Supplement 1 dated November 15, 2022

SUPPLEMENTAL INFORMATION-The prospectus of Shepherd’s Finance, LLC consists of this notice, the prospectus dated September 16, 2022 and Supplement No. 1 dated November 14, 2022 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 and nine months ended September 30, 2022; our unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2022.