---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-007354"
form_type: "8-K"
ticker: null
cik: "0001544190"
company_name: "Shepherd's Finance, LLC"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:02:37.148692+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Shepherd's Finance acquires 100% of 339 Justabout Land Co. for $3.9M, 60 PA lots

## Summary
- Acquired 100% of 339 Justabout Land Co. for ~$3.892M (net $3M) on Feb 15, 2024.
- 339 owns 60 lots in Peters Township, PA; total expected lot sales of ~$17.8M.
- Granted BMH option to purchase 37 lots for one year (two extensions) for $890K option fee.
- Management Services with BMH: BMH gets 67% of profit if all 60 lots sold within 3 years.
- Acquisition reduces exposure to largest customer (BMH) and enables direct sales to third parties.

## SEC filing metadata
- accession: 0001493152-24-007354
- form_type: 8-K
- cik: 0001544190
- company_name: Shepherd's Finance, LLC
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1544190/000149315224007354/0001493152-24-007354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1544190/000149315224007354/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-007354
- JSON: https://secwatch.observer/filing/0001493152-24-007354.json
- Plain text: https://secwatch.observer/filing/0001493152-24-007354.txt

## Key facts
- M&A Transactions
  Shepherd's Finance, LLC completed an acquisition involving Mark L. Hoskins and Barrett Hoskins for approximately $3,892,000 (closed 2024-02-15).
  - Action: acquisition
  - Counterparty: Mark L. Hoskins and Barrett Hoskins
  - Consideration: approximately $3,892,000
  - Closing: 2024-02-15
  source text: Barrett Hoskins 100% of the membership interests (the “Acquisition”) in 339 Justabout Land Co., LLC (“339”), a land development company, for a purchase price of approximately $3,892,000 (the “Purchase Price”). 339 was formed in 2022 and, in 2022, purchased a large tract of land in Peters Township, Washington County, Pennsylvania, a suburb of Pittsburgh. The
  evidence_url: https://www.sec.gov/Archives/edgar/data/1544190/000149315224007354/0001493152-24-007354-index.htm
- Material Agreements
  Shepherd's Finance, LLC entered into Membership Interest Purchase Agreement with Mark L. Hoskins and Barrett Hoskins valued at approximately $3,892,000 (effective 2024-02-15).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Mark L. Hoskins and Barrett Hoskins
  - Value: approximately $3,892,000
  - Effective: 2024-02-15
  source text: On February 15, 2024, Shepherd’s Finance, LLC (the “Company”) entered into a certain Membership Interest Purchase Agreement (the “Agreement”) with Mark L. Hoskins and Barrett Hoskins, pursuant to which Mark L. Hoskins and Barrett Hoskins agreed to sell to the Company and the Company agreed to purchase from Mark L. Hoskins and Barrett Hoskins 100% of the membership interests (the “Acquisition”) in 339 Justabout Land Co., LLC (“339”), a land development company, for a purchase price of approximately $3,892,000 (the “Purchase Price”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1544190/000149315224007354/0001493152-24-007354-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.