Item 8.01:  Other Events

Vestin Realty Mortgage II (the “Company”) announced on July 15, 2008, that it received payment in full on a loan which became delinquent the last week of June 2008 in the principal amount of approximately $22.3 million plus accrued interest.  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:  July 15, 2008
By
/s/ Rocio Revollo
   
Rocio Revollo
   
Chief Financial Officer