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**Exhibit          31.1**

**CERTIFICATIONS**

| 1.   | I                  have reviewed this report on Form 10-K of Vestin Realty Mortgage                  II,                  Inc.; |
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| 2. | Based                    on my knowledge, this report does not contain any untrue statement                    of a                    material fact or omit to state a material fact necessary to make                    the                    statements made, in light of the circumstances under which such                    statements                    were made, not misleading with respect to the period covered                    by this                    report; |
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| 3. | Based                    on my knowledge, the financial statements, and other financial                    information                    included in this report, fairly present in all material respects                    the                    financial condition, results of operations and cash flows of                    Vestin Realty                    Mortgage II, Inc. as of, and for, the periods presented in this                    report; |
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| 4. | Vestin                    Realty Mortgage II, Inc.’s other certifying officer and I are responsible                    for establishing and maintaining disclosure controls and procedures                    (as                    defined in Securities Exchange Act Rules 13a-15(e) and 15d-15(e))                    for                    Vestin Realty Mortgage II, Inc. and                    have: |
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|   | (a) | Designed                    such disclosure controls and procedures, or caused such disclosure                    controls and procedures to be designed under our supervision,                    to ensure                    that material information relating to Vestin Realty Mortgage                    II, Inc.,                    including its consolidated subsidiaries, is made known to us                    by others                    within those entities, particularly during the period in which                    this report                    is being prepared; |
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|   | (b) | Designed                    such internal control over financial reporting, or caused such                    internal                    control over financial reporting to be designed under our supervision,                    to                    provide reasonable assurance regarding the reliability of financial                    reporting and the preparation of financial statements for external                    purposes in accordance with generally accepted accounting                    principles; |
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|   | (c) | Evaluated                    the effectiveness of Vestin Realty Mortgage II, Inc.’s disclosure controls                    and procedures and presented in this report our conclusions about                    the                    effectiveness of the disclosure controls and procedures, as of                    the end of                    the period covered by this report based on such evaluation;                    and |
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|   | (d) | Disclosed                    in this report any changes in Vestin Realty Mortgage II, Inc.’s internal                    control over financial reporting that occurred during Vestin                    Realty                    Mortgage II, Inc.’s most recent fiscal quarter that has materially                    affected, or is reasonably likely to materially affect, Vestin                    Realty                    Mortgage II, Inc.’s internal control over financial                    reporting. |
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| 5. | Vestin                    Realty Mortgage II, Inc.’s other certifying officer and I have disclosed,                    based on our most recent evaluation of internal control over                    financial                    reporting, to Vestin Realty Mortgage II, Inc.’s Auditors and the Audit                    Committee of Vestin Realty Mortgage II, Inc.’s Board of Directors (or                    persons performing the equivalent                    function): |
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|   | (a) | All                    significant deficiencies and material weaknesses in the design                    or                    operation of internal controls over financial reporting which                    are                    reasonably likely to adversely affect Vestin Realty Mortgage                    II, Inc.’s                    ability to record, process, summarize and report financial information;                    and |
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|   | (b) | Any                    fraud, whether or not material, that involves management or other                    employees who have a significant role in Vestin Realty Mortgage                    II, Inc.’s                    internal control over financial                    reporting. |
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| /s/                    Michael V. Shustek                             |
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| Michael                    V. Shustek                                 |
| Chief                    Executive Officer                            |
| Vestin                    Realty Mortgage II,                    Inc. |