Press Release: Vestin Group Inc.
December 17, 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''), Dec. 14 announced that in its first 124 business days, Vestin Fund, II, LLC, has
raised in excess of $100 million and has in excess of 37 loans in its portfolio. The average maturity of these
loans was 12 months with an average interest rate of 13.81 percent per annum.
``Vestin Fund, II continues to grow at a very rapid rate,'' said Vestin Mortgage President Peggy May. ``As interest
rates continue to drop, Vestin Funds according to our customers are a nice alternative to money markets and certificate
of deposits.''
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 Inc., Las Vegas
Lance Bradford, 702/227-0965
or
MassMedia/Vanguard
Paula Yakubik, 702/433-4331 (media)
paula@massmedialv.com
or
Wells Group
Charles Cocuzza, 800/391-8882 (investors)