Item 8.01:  Other Events

May 23, 2008 – Vestin Realty Mortgage II, Inc. announced that on May 22, 2008, its Board of Directors declared a cash dividend of $0.08 per common share for the month of May 2008, payable on June 27, 2008 to shareholders of record as of June 9, 2008.  A copy of the press release regarding this announcement is furnished as Exhibit 99.1 to this report.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.
 
Description
 


 
 
 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


   
VESTIN REALTY MORTGAGE II, INC.
     
 
By
Vestin Mortgage, Inc., its sole manager
     
     
Date:  May 23 2008
By
/s/ Rocio Revollo
   
Rocio Revollo
   
Chief Financial Officer