Vestin Mortgage, LLC (Vestin Mortgage) serves as our manager, subject to the oversight of our
board of directors and pursuant to the terms and conditions of our management
agreement. Vestin Mortgage is a privately held company who Vestin Group owns a significant majority.
Michael V. Shustek, the CEO and director of our manager, and CEO, President and a director
of us, wholly owns Vestin Group, Inc. which is engaged in asset management, real estate
lending and other financial services through its subsidiaries.
Vestin Mortgage and their staff of experienced, knowledgeable professionals continuously
evaluates prospective investments, selects the real estate loans in which we invest and
makes all investment decisions on our behalf. In evaluating prospective real estate loan
investments, Vestin Mortgage considers many factors, including the ratio of the amount of
the investment to the value of the property by which it is secured, or the loan to value ratio,
the status and condition of the record of title of the property securing the investment, the
geographic location of the property securing the investment and the financial condition of the
borrowers and their principals, if any, who guarantee the loan.
Vestin Mortgage is also the manager of Vestin Realty Mortgage II Inc. ("VRM II"), a publicly traded
REIT as successor by merger to Vestin Fund II, LLC and Vestin Fund III, LLC ("Fund III"). These entities
were formed to invest in real estate loans. VRMII has investment objectives similar to ours, and Fund III
has commenced an orderly liquidation of its assets.
Vestin Mortgage was founded in 1995 by Chief Executive Officer Michael Shustek.
From 1995 until the present, Vestin Mortgage has facilitated more than $2.0 billion in
lending transactions helping to carve out a niche in diversified real estate investment
opportunities.