Day: March 22, 2023

JACKSONVILLE, FL, March 21, 2023 (GLOBE NEWSWIRE) — Shepherd’s Finance, LLC (“Shepherd’s,” the “Company,” “we,” or “our”) announced its operating results for the year ended December 31, 2022. 2022 Overview During 2022, the Company continued to focus on the reduction of non-interest earning assets. As of December 31, 2022, loans classified as non-accrual were 14 or approximately $7.2 million compared to 23 or approximately $9.5 million as of December 31, 2021. In addition, as of December 31, 2022 and 2021 we had 3 foreclosed assets or approximately $1.6 million and 5 or approximately $2.7 million, respectively. The Company continues to lose interest income on assets that do not accrue interest. During the year ended December 31, 2022 the estimated loss on interest income related to impaired and foreclosed assets was approximately...

JACKSONVILLE, FL, March 21, 2023 (GLOBE NEWSWIRE) — Shepherd’s Finance, LLC (“Shepherd’s,” the “Company,” “we,” or “our”) announced its operating results for the year ended December 31, 2022. 2022 Overview During 2022, the Company continued to focus on the reduction of non-interest earning assets. As of December 31, 2022, loans classified as non-accrual were 14 or approximately $7.2 million compared to 23 or approximately $9.5 million as of December 31, 2021. In addition, as of December 31, 2022 and 2021 we had 3 foreclosed assets or approximately $1.6 million and 5 or approximately $2.7 million, respectively. The Company continues to lose interest income on assets that do not accrue interest. During the year ended December 31, 2022 the estimated loss on interest income related to impaired and foreclosed assets was approximately...