{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-023247","form_type":"8-K","ticker":null,"cik":"0001544190","company_name":"Shepherd's Finance, LLC","filed_at":"2025-08-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.289088+00:00","generated_at":"2026-05-17T14:29:50.088233+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Shepherd's Finance sells 339 Justabout Land Co. for $10.4M, increases loan commitment to $13.45M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-023247","json":"https://secwatch.observer/filing/0001641172-25-023247.json","markdown":"https://secwatch.observer/filing/0001641172-25-023247.md","text":"https://secwatch.observer/filing/0001641172-25-023247.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1544190/000164117225023247/0001641172-25-023247-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1544190/000164117225023247/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T14:29:50.088233+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7e32bda2c69dd16f24ebe35a1d53aed4b01f2818","claim":"Shepherd's Finance, LLC completed a disposition involving Mark L. Hoskins and Barrett Hoskins (Buyers) for $10,366,869 (closed 2025-08-06).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1544190/000164117225023247/0001641172-25-023247-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Mark L. Hoskins and Barrett Hoskins (Buyers)"},{"label":"Consideration","value":"$10,366,869"},{"label":"Closing","value":"2025-08-06"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}