secwatch.observer — SEC 8-K summary
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Issuer:     Shepherd's Finance, LLC (—)
CIK:        0001544190
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001641172-25-023247
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1544190/000164117225023247/0001641172-25-023247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1544190/000164117225023247/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-023247

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