Vestin Mortgage and Vestin Fund II Announce Fund Results.Business Editors LAS VEGAS--(BUSINESS WIRE)--July 3, 2001 Vestin Mortgage Inc., a subsidiary of Vestin Group Inc. (Nasdaq:VSTN) and the manager of Vestin Fund II LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (the Company), today announced that as of June 30, 2001, the Company has raised in excess of $10,500,000 and has five mortgage loans in its portfolio totaling approximately $8,500,000. The average maturity of these loans was 12 months with an average interest rate of 13.50 percent per annum Per annum Yearly. . Vestin Group Inc., through the company's lending division, is one of the nation's largest private lenders. Its subsidiary, Vestin Mortgage, is a Las Vegas-based commercial mortgage broker. Vestin Mortgage has facilitated more than $530 million in the last three years in lending transactions. Certain statements contained herein are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that have been made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results in the future periods or plans for future periods to differ materially from those described herein as anticipated, believed or estimated. |
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