| Business Summary | | Vestin
Group,
Inc.
is
a
holding
company
that
operates
primarily
through
Vestin
Mortgage,
Inc.,
a
wholly
owned
subsidiary.
Vestin
Mortgage,
Inc.
operates
as
a
mortgage
company
licensed
in
the
state
of
Nevada.
Vestin
Mortgage
is
engaged
in
the
brokerage
and
placement
of
commercial
loans
secured
by
real
property.
The
Company's
primary
operations
consist
of
arranging
for
investor
funding
of
mortgage
loans
for
the
commercial,
construction,
acquisition
and
development,
land
and
residential
projects
in
Southern
Nevada.
The
Company
also
services
such
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Vestin
Group,
Inc.
is
engaged
in
the
origination,
arrangement,
and
secondary
purchase
and
sale
of
loans
secured
by
real
property.
VSTN
also
invests
in
ST
mortgage
loans
relating
to
construction
projects
and
RE
bridge
financing.
For
the
six
months
ended
6/30/01,
revenues
rose
32%
to
$8.6
million.
Net
loss
from
cont'd.
operations
totaled
$258
thousand
vs.
an
income
of
$2.1
million.
Results
reflect
higher
loan
placement
fees,
offset
by
increased
advertising
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Shustek, 42 Chairman,
CEO | $884K | Lance Bradford, 34 Pres,
CFO, Treasurer, Director | 229K | Peggy May, 32 Pres
of Vestin Mortgage | 132K | Stephen Byrne, 44 COO,
Director | 366K | Ira Levine, 40 Exec.
VP of Legal and Corp. Affairs and Sec. | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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