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Description of Business
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Description of Business

1. Description of Business

 

Shepherd’s Finance, LLC and subsidiary (the “Company”, “we”, or “our”) was originally formed as a Pennsylvania limited liability company on May 10, 2007. We are the sole member of two consolidating subsidiaries, Shepherd’s Stable Investments, LLC and 339 Justabout Land Company. The Company operates pursuant to its Second Amended and Restated Limited Liability Company Agreement by and among Daniel M. Wallach and the other members of the Company effective as of March 16, 2017, and as subsequently amended.

 

The Company extends commercial loans to residential homebuilders (in 20 states as of June 30, 2024) to:

 

  ● construct single family homes,
     
  ● develop undeveloped land into residential building lots, and
     
  ● purchase and improve for sale older homes.