Michael V. Shustek
Michael V. Shustek has been a director of our manager and Chairman of the Board of Directors,
Chief Executive Officer and a director of Vestin Group since April 1999 and a Director and CEO
of us and Vestin Realty Mortgage II, Inc. (“VRM II”) since January 2006. In February 2004, Mr.
Shustek became the President of Vestin Group. Mr. Shustek also serves on the loan committee of
our manager and its affiliates. In 2003, Mr. Shustek became the Chief Executive Officer of our
manager. In 1995, Mr. Shustek founded Del Mar Mortgage, and has been involved in various aspects
of the real estate industry in Nevada since 1990. In 1993, he founded Foreclosures of Nevada,
Inc., a company specializing in non-judicial foreclosures. In 1993, Mr. Shustek also started
Shustek Investments, a company that originally specialized in property valuations for third-party
lenders or investors and which continues today as the primary vehicle for his private investment
portfolio. In 1997, Mr. Shustek was involved in the initial founding of Nevada First Bank, with
the largest initial capital base of any new state charter in Nevada’s history. Mr. Shustek has
co-authored two books, entitled “Trust Deed Investments,” on the topic of private mortgage lending,
and “If I Can Do It, So Can You.” Mr. Shustek is a guest lecturer at the University of Nevada,
Las Vegas, where he also has taught a course in Real Estate Law and Ethics. Mr. Shustek received
a Bachelor of Science degree in Finance at the University of Nevada, Las Vegas.