Item
8.01: Other Events
July 3,
2008 – Vestin Realty Mortgage II (the “Company”) announced on July 2, 2008 that
it experienced a significant increase in problem loans during the quarter ended
June 30, 2008. As of that date, the Company has 43 loans outstanding
with an aggregate principal amount of approximating $288.0 million, of which, 24
loans with an aggregate principal amount of approximately $201.3 million were
not current in making interest payments. 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.
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Exhibit
No.
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Description
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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.
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VESTIN
REALTY MORTGAGE II, INC.
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By
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Vestin
Mortgage, Inc., its sole manager
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Date: July
3, 2008
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By
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/s/
Rocio Revollo
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Rocio
Revollo
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Chief
Financial Officer
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