Press Release: Vestin Mortgage, Inc.
August 13, 2002
LAS VEGAS, NV -- Vestin Mortgage, Inc., a subsidiary of Vestin Group, Inc. (Nasdaq: VSTN) and the manager of Vestin
Fund II, LLC (the "Company"), yesterday announced that the Company has raised in excess of $250,000,000
from investors.
For the twelve month period ending July 31, 2002, the Fund has paid its investors a weighted average yield of 12.82%.
"In these uncertain financial markets, the Vestin Fund II continues to grow as investors appreciate our track
record in generating consistently high rates of return," said Lance Bradford, CFO and President of Vestin
Group. "Investors recognize the value of our Funds and appreciate the returns that they bring. We are committed
to building on the solid reputation of our Funds and further enhancing future performance for our investors."
Vestin Group, Inc., through its lending division, is one of the nation's largest private lenders. Its subsidiary,
Vestin Mortgage, is a Las Vegas-based commercial mortgage broker. Vestin Mortgage has facilitated more than $1.1
billion in the last five years in lending transactions. Through its subsidiary Vestin Mortgage, Vestin Group manages
two funds, Vestin Fund I, LLC, a $100 million mortgage fund and Vestin Fund II, LLC, a $500 million mortgage fund.
Certain statements contained herein are forward-looking statements that have been made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and
unknown risks and uncertainties which may cause the actual results in the future periods or plans for future periods
to differ materially from those described herein as anticipated, believed or estimated.
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Contact:
VESTIN GROUP, Las Vegas
Lance Bradford, 702/227-0965
or
MEDIA CONTACT:
Makovsky & Co., Inc., New York
Gene Marbach, 212/508-9645
or
INVESTOR RELATIONS CONTACT:
Makovsky & Co., Inc., New York
Ting Mei Chong, 212/508-9609