Press Release: Vestin Group Inc.
December 7, 2001
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 as of Nov. 30, 2001, the Company has raised in excess of
$89,500,000 and has 38 mortgage loans in its portfolio totaling approximately $81,600,000.
The average maturity of these loans was 11 months, with an average interest rate of 13.51 percent per annum. The
Company distributed to its 1,591 unit holders a weighted average interest rate yield of 13.27 percent for the month
of November. For the months of July, August, September, October and November 2001, the Company distributed to its
unit holders a weighted average per annum interest rate yield of 13.40 percent.
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 $530
million in the last three 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 Inc.
Lance Bradford, 702/227-0965
or
MassMedia/Vanguard
Paula Yakubik, 702/433-4331 (media)
paula@massmedialv.com
or
Wells Group
Charles Cocuzza, 1-800-391-8882 (investors)