---
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"
generated_at: "2026-05-17T14:29:50.088233+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shepherd's Finance sells 339 Justabout Land Co. for $10.4M, increases loan commitment to $13.45M

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-023247
- form_type: 8-K
- cik: 0001544190
- company_name: Shepherd's Finance, LLC
- filed_at: 2025-08-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-023247
- JSON: https://secwatch.observer/filing/0001641172-25-023247.json
- Plain text: https://secwatch.observer/filing/0001641172-25-023247.txt

## Key facts
- M&A Transactions
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1544190/000164117225023247/0001641172-25-023247-index.htm

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