UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K/A
(Amendment No. 1)
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 31, 2014
Company Logo
VESTIN REALTY MORTGAGE II, INC.
(Exact name of registrant as specified in its charter)


Maryland
333-125121
61-1502451
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)


8880 W. SUNSET ROAD #200
LAS VEGAS, NEVADA 89148
(Address of principal executive offices)
(Zip Code)


Registrant’s telephone number, including area code: (702) 227-0965

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 

 

Item 2.01 Completion of Acquisition or Disposition of Assets
 
 
Vestin Realty Mortgage II, Inc. (“VRTB”) announced that VRTB, along with Vestin Realty Mortgage I, Inc. (“VRTA”), completed the closing on the purchase of the remaining fifty-eight percent (58%) membership interest in Building C, LLC for that certain office building located at 8930 West Sunset Road, Las Vegas, Nevada from MVP REIT, Inc. (“MVP”).

Under the terms of the transaction, VRTB and VRTA purchased the remaining approximately fifty-eight percent (58%) interest in Building C, LLC for approximately $3.8 million.  VRTB’s share was approximately $2.0 million and owns a 72% interest in Building C, LLC and VRTA owns a 28% interest in Building C, LLC. Building C, LLC currently has approximately $8.5 million in indebtedness on the property. The purchase price was equal to the amount paid by MVP to acquire the building which acquisition was within the past twelve (12) months. No commissions were paid in connection with the closing.

It is expected that the purchase of the membership interests in Building A, LLC will close during August 2014 however there can be no assurance when and if this acquisition will be completed.

 
 

 


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, LLC., its sole manager
     
     
Date:  August 6, 2014
By
/s/ Tracee Gress
   
Tracee Gress
   
Chief Financial Officer