Shepherd's Finance, LLC: M&A transaction — Shepherd's Finance sells 339 Justabout Land Co. for $10.4M, increases loan commitment to $13.45M

Shepherd's Finance, LLC

Sold 100% of 339 Justabout Land Co. to Mark L. & Barrett Hoskins for $10,366,869.
Loan commitment to related borrowers increased from $1.95M to $13.45M via Third Amendment.
New advances bear interest at COF + 5.5%; existing $1.95M balance at COF + 7.0%.
Pro forma: $9.65M real estate removed, $11.37M loans added; transaction increases net income.
Buyers are original sellers (Feb 2024) and control company's largest customer.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Shepherd's Finance, LLC completed a disposition involving Mark L. Hoskins and Barrett Hoskins (Buyers) for $10,366,869 (closed 2025-08-06).

Action: disposition
Counterparty: Mark L. Hoskins and Barrett Hoskins (Buyers)
Consideration: $10,366,869
Closing: 2025-08-06

Exact text from the filing

agreed to sell to the Buyers 100% of the membership interests (the “Disposition”) in 339 Justabout Land Co., LLC (“339”), a land development company, for a purchase price of $10,366,869 (the “Purchase Price”). 339 was formed by the Buyers in 2022 and purchased a large tract of land in Peters Township, Washington County, Pennsylvania, a suburb of Pittsburgh. The

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Source: SEC EDGAR

accession 0001641172-25-023247

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