Shepherd’s Finance, LLC Reports First Quarter 2018 Results

World News: 19:25 GMT Wednesday 13th June 2018. [Shepherd’s Finance, LLC via Globe Newswire via SPi World News]

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JACKSONVILLE, Fla., June 13, 2018 (GLOBE NEWSWIRE) -- Shepherd’s Finance, LLC (“Shepherd’s” or the “Company”) announced its operating results for the first quarter ended March 31, 2018.

“During the first quarter of 2018 we saw substantial loan asset growth at Shepherd’s Finance, which allowed for significant increases in interest income and net income,” commented Daniel M. Wallach, CEO of Shepherd’s Finance, LLC.

Shepherd’s Finance, LLC is headquartered in Jacksonville, Florida and is focused on commercial lending to participants in the residential construction and development industry. As of March 31, 2018, Shepherd’s Finance, LLC had approximately $40.0 million in loan assets and had 199 construction loans in 17 states with 64 borrowers. For more information, please visit http://shepherdsfinance.com/.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans, or predictions of the future expressed or implied by such forward-looking statements. The Company undertakes no obligation to update these statements following the date of this press release, except as required by law. In addition, the Company, through its senior management, may make from time to time forward-looking public statements concerning the matters described herein. Such forward-looking statements are necessarily estimates reflecting the best judgment of the Company’s senior management based upon current information and involve a number of risks and uncertainties. Certain factors that could affect the accuracy of such forward-looking statements are identified in the public filings made by the Company with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of the Company or its senior management should be considered in light of those factors. This is neither an offer nor a solicitation to purchase securities.

Catherine Loftin

Shepherd’s Finance, LLC

13241 Bartram Park Blvd, STE 2401 | Jacksonville, FL, 32258  

Direct (904) 518-3422 | Office (302) 752-2688

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Globe Newswire: 19:25 GMT Wednesday 13th June 2018

Published: 2018-06-13T19:25:27.

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