secwatch.observer — SEC 8-K summary
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Issuer:     Shepherd's Finance, LLC (—)
CIK:        0001544190
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001493152-24-007354
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1544190/000149315224007354/0001493152-24-007354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1544190/000149315224007354/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-007354

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer