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Meet
Shepherd’s Finance is a nationwide finance company specializing in construction loans for small to medium-sized home builders. Our management team brings 34 years of successful lending experience, having provided over 12,000 loans totaling more than $2.4 billion.
Problem They’re Solving
Small to medium-sized home builders are often underserved by the lending community.
We see this as an opportunity to address this demand, as demonstrated by our track record of success.
Where They Are Headed
We aim to innovate our lending programs to better serve smaller homebuilders in the construction industry.
Additionally, we are looking to refinance our existing debt to lower our cost of funds, providing investors with a secure investment.
Opportunity Highlights
- Profitability and Growth: Shepherd’s Finance was started in 2007 and has been profitable every year except 2020 because of the pandemic.
- Strong Management Team with knowledge and expertise: Strong management with extensive experience, having originated billions in loans over the past 34 years.
- Customer Servicing: We offer our customers white glove treatment. Our Company views our borrowers as long-term relationship customers, which helps build a loyal relationship and repeat customers.
- Investor Protection by Direct Payments: We pay subcontractors and suppliers directly from loan draws to protect both investors and ourselves from potential liens.
Management Team
Daniel M. Wallach, Chief Executive Officer
Mr. Wallach has been in the housing industry since 1985. He was the CFO of 84 Lumber Company, a multi-billion-dollar supplier of building materials to home builders and their lending business. He was responsible for the creation and implementation of many secured lending programs to builders. Through the years, he managed the development of systems for reducing and managing the risks and losses on defaulted loans.
Kenneth R. Summers, Manager
Mr. Summers is one of the independent Managers. He retired from United Bank, Inc. of Morgantown, West Virginia in Dec 2019. Prior to retirement, he had been an Executive Vice President for United Bank since 2001. He was responsible for the expansion and recognition of the bank’s franchise in north-central West Virginia. Mr. Summers has over 40 years of experience in banking.
William Myrick, Partner
Mr. Myrick is a Partner and oversees Sales. He has been involved in the lumber and building materials industry for over 35 years. During that time, he was CEO of American Builders Supply, various executive positions with ProBuild Holdings, including CEO and various positions including Chief Operating Officer with 84 Lumber.
Thomas P. Spatola, Executive Vice President
Mr. Spatola is our Executive Vice President of Lending Operations. He has been in various banking and banking related industries for over 40 years. His experience includes secondary mortgage marketing, mortgage banking, consumer, commercial and builder/consumer construction lending.
Barbara L. Harshman, Executive Vice President
Mrs. Harshman is our Executive Vice President of Operations and has been with the company since 2012. She has been in all phases of the construction lending industry for 20 years.
Key Metrics
- 3.5% Net Income Return on Total Assets
- 16% Equity percentage of loan assets, net
- 32% Return on Equity on Total Earnings
- 67.2% Return on Common Equity on Common Earnings
- 13% Percent of Non-Returning Loans
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