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Exhibit 31.1


CERTIFICATION














| |                                                                                                                                                                                                                                                                                                                                                                                                                
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (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 Fund III LLC, 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;
|
| | (b) Paragraph omitted pursuant to SEC Release Nos. 33-8238
    and 34-47986;                                                                                                                                                                                                                                                                                                                                   
|
| | (c) Evaluated the effectiveness of Vestin Fund III,
    LLC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                                                                                                  
|
| | (d) Disclosed in this report any changes in Vestin
    Fund III, LLCs internal control over financial
    reporting that occurred during Vestin Fund III, LLCs
    most recent fiscal quarter that has materially affected, or is
    reasonably likely to materially affect Vestin Fund III
    LLCs internal control over financial reporting; and                                                        





| |                                                                                                                                                                                                                                                                                                    
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (a) All significant deficiencies and material weaknesses in
    the design or operation of internal control over financial
    reporting which are reasonably likely to adversely affect Vestin
    Fund III, LLCs ability to record, process, summarize
    and report financial information; and
|
| | (b) Any fraud, whether or not material, that involves
    management or other employees who have a significant role in
    Vestin Fund III, LLCs internal control over financial
    reporting.                                                                                                   



| |                                     
| | ------------------------------------
| | /s/ Michael V. Shustek              
| |                                     
| | Michael V. Shustek                  
| | Chief Executive Officer*            
| | Vestin Mortgage, Inc.,              
| | Sole Manager of Vestin Fund III, LLC








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|- | ---------------------------------------------------------------------------------------------------
|* | Michael V. Shustek functions as the equivalent of the Chief
    Executive Officer of the Registrant