Vestin Realty Mortgage II, Inc., a real estate investment trust (REIT), invests in short-term loans secured by real estate through deeds of trust or mortgages. The company offers various real estate loans, including commercial, construction, acquisition, and development loans to commercial borrowers. It operates in Arizona, California, Hawaii, Nevada, New York, North Carolina, Oklahoma, Oregon, Texas, Washington, and Wisconsin. Vestin Realty Mortgage II has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, the company would not be subject to federal income tax on that portion of its REIT taxable income, which is distributed to its stockholders, provided that at...