U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-Q/A

(MARK ONE)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2001

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

                     Transition Period From ______ To ______

                        COMMISSION FILE NUMBER 333-32800


                               VESTIN FUND I, LLC
                 (FORMERLY KNOWN AS DM MORTGAGE INVESTORS, LLC)
             (Exact Name of Registrant as Specified in Its Charter)


           NEVADA                                                 88-0446244
(State or Other Jurisdiction of                               (I.R.S. Employer
Incorporation or Organization)                               Identification No.)


            2901 EL CAMINO AVENUE, SUITE 206, LAS VEGAS, NEVADA 89102
               (Address Of Principal Executive Offices) (Zip Code)


                   Registrant's Telephone Number: 702.227.0965


                           DM MORTGAGE INVESTORS, LLC
              Former Name, Former Address and Former Fiscal Year,
                         if Changed Since Last Report.

Indicate by check whether the registrant:  (1) has filed all reports required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.
Yes [X] No [  ]

As of August 13, 2001, the Issuer had 10,129,510 of its Units outstanding.
<PAGE>
ITEM 1. FINANCIAL STATEMENTS

                                                                            Page
                                                                            ----

Balance sheets as of June 30, 2001 (unaudited) and December 31, 2000......    3

Statements of income for the three and six months ended June 30, 2001
 (unaudited) and 2000 (unaudited) ........................................    4

Statement of members' equity (unaudited)..................................    5

Statements of cash flows for the six months ended June 30, 2001
 (unaudited) and 2000 (unaudited) ........................................    6

Notes to financial statements.............................................    7

                                       2
<PAGE>
                               VESTIN FUND I, LLC
                 (FORMERLY KNOWN AS DM MORTGAGE INVESTORS, LLC)

                                  BALANCE SHEET


                                             June 30, 2001     December 31, 2000
                                              (Unaudited)          (Audited)
                                              ------------        ------------
                                               (Restated)
                                     ASSETS

Cash                                          $    114,343        $    370,304
Certificates of deposit                          3,000,000           1,200,000
Due from Managing Member                           147,823             199,396
Interest and other receivables                   1,041,602             491,122
Investment in mortgage loans                    97,794,230          39,376,619
                                              ------------        ------------

     Total assets                             $102,097,998        $ 41,637,441
                                              ============        ============

                        LIABILITIES AND MEMBERS' EQUITY

Liabilities
  Distribution payable to Managing Member     $     58,891        $         --
  Deferred revenues                                 82,807             256,230
                                              ------------        ------------
     Total liabilities                             141,698             256,230

Members' equity                                101,956,300          41,381,211
                                              ------------        ------------
     Total members' equity                     101,956,300          41,381,211
                                              ------------        ------------

     Total liabilities and members' equity    $102,097,998        $ 41,637,441
                                              ============        ============

The accompanying notes are an integral part of these statements

                                       3
<PAGE>
                               VESTIN FUND I, LLC
                 (FORMERLY KNOWN AS DM MORTGAGE INVESTORS, LLC)

                              STATEMENTS OF INCOME
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                      For the three months ended     For the six months ended
                                                                June 30,                     June 30,
                                                        -----------------------       ----------------------
                                                           2001          2000            2001         2000
                                                        ----------     --------       ----------     -------
<S>                                                     <C>            <C>            <C>            <C>
Revenues
  Interest income from investment in mortgage loans     $2,810,061     $     --       $4,456,569    $     --
  Loan origination fees                                     86,711           --          173,422          --
  Other interest income                                     48,762           --           91,785          --
                                                        ----------     --------       ----------    --------

      Total revenues                                     2,945,534           --        4,721,776          --

Operating expenses
  Management fees to Managing Member                            --           --            7,184          --
  Other                                                     24,870           --           45,995          --
                                                        ----------     --------       ----------    --------

      Total operating expenses                              24,870           --           53,179          --
                                                        ----------     --------       ----------    --------

Net income                                              $2,920,664     $     --       $4,668,597    $     --
                                                        ==========     ========       ==========    ========

Net income allocated to members                         $2,920,664     $     --        4,668,597    $     --
                                                        ==========     ========       ==========    ========
Net income allocated to members per weighted
 average membership units                               $     0.34     $     --       $     0.68    $     --
                                                        ==========     ========       ==========    ========

Weighted average membership units                        8,626,200      115,500        6,867,539     115,500
                                                        ==========     ========       ==========    ========
</TABLE>

The accompanying notes are an integral part of these statements

                                       4
<PAGE>
                               VESTIN FUND I, LLC
                 (FORMERLY KNOWN AS DM MORTGAGE INVESTORS, LLC)

                          STATEMENT OF MEMBERS' EQUITY
                                   (RESTATED)
                                   (UNAUDITED)

                                                   Units              Amount
                                                 ----------       -------------

Members' equity at December 31, 2000 (Audited)    4,173,991       $  41,381,211

Issuance of units (net of offering costs)         5,933,564          59,176,787

Distributions                                            --          (3,956,853)

Reinvestments of distributions                       74,545             745,449

Declared distribution to Managing Member                 --             (58,891)

Net income                                               --           4,668,597
                                                 ----------       -------------

Members' equity at June 30, 2001 (Unaudited)     10,182,100       $ 101,956,300
                                                 ==========       =============

The accompanying notes are an integral part of this statement

                                       5
<PAGE>
                               VESTIN FUND I, LLC
                 (FORMERLY KNOWN AS DM MORTGAGE INVESTORS, LLC)

                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                          For the six months ended June 30,
                                                          ---------------------------------
                                                              2001                   2000
                                                          ------------            ---------
                                                           (RESTATED)
<S>                                                       <C>                     <C>
Cash flows from operating activities:
  Net income                                              $  4,668,597            $      --
  Adjustments to reconcile net income to net
   cash provided by operating activities:
     Decrease in due from Managing Member                       51,573                   --
     Increase in interest and other receivables               (550,480)                  --
     Decrease in deferred revenues                            (173,423)                  --
                                                          ------------            ---------
          Net cash provided by operating activities          3,996,267                   --

Cash flows from investing activities:
  Purchase of investments in mortgage loans                (71,330,693)                  --
  Proceeds from loan payoffs                                12,913,082                   --
  Investment in certificates of deposit                     (1,800,000)                  --
                                                          ------------            ---------
          Net cash used by investing activities            (60,217,611)                  --

Cash flows from financing activities:
  Proceeds from issuance of membership units                59,176,787                   --
  Members' distribution reinvestments                          745,449                   --
  Members' distributions                                    (3,956,853)                  --
                                                          ------------            ---------
          Net cash provided by financing activities         55,965,383                   --
                                                          ------------            ---------

Net decrease in cash                                          (255,961)                  --

Cash, beginning of period                                      370,304                   --
                                                          ------------            ---------

Cash, end of period                                       $    114,343            $      --
                                                          ============            =========
Supplemental Non-Cash Financing Activities:
  Declared distribution to Managing Member                $     58,891            $      --
                                                          ============            =========
</TABLE>

The accompanying notes are an integral part of these statements

                                       6
<PAGE>
                               VESTIN FUND I, LLC

                 (FORMERLY KNOWN AS DM MORTGAGE INVESTORS, LLC)

                          NOTES TO FINANCIAL STATEMENTS

                                  JUNE 30, 2001

                                   (UNAUDITED)


NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1.   ORGANIZATION

     Vestin Fund I, LLC (Formerly known as DM Mortgage Investors, LLC), a Nevada
     Limited  Liability  Company,  (the  Company)  is  primarily  engaged in the
     business of mortgage lending.  The Company invests in loans secured by real
     estate through deeds of trust and  mortgages.  The Company was organized on
     December 14, 1999 (date of formation)  and will continue until December 31,
     2019 unless dissolved prior or extended thereto under the provisions of the
     Operating Agreement.  On July 9, 2001, the Company changed its name from DM
     Mortgage Investors, LLC to Vestin Fund I, LLC.

     Prior to September 1, 2000, the Company was a development stage company. On
     August 23, 2000,  the Company's  Form S-11/A filed with the  Securities and
     Exchange  Commission  became  effective for the initial public  offering of
     10,000,000  units at $10 per  unit.  Consequently,  the  Company  commenced
     operations  on  September 1, 2000.  During June 2001,  the Company sold all
     remaining units of the $100 million set forth in the Company's registration
     statement.  No additional  units will be sold,  however current members may
     continue to participate  in the Company's  Distribution  Reinvestment  Plan
     whereby the member's  distribution  may be applied to  additional  units at
     $10.00 per unit.

     The Manager of the Company is Vestin Mortgage,  Inc., a Nevada  corporation
     engaged in the business of brokerage, placement and servicing of commercial
     loans secured by real property. The Manager is a wholly-owned subsidiary of
     Vestin Group, Inc., a Delaware Corporation,  whose common stock is publicly
     held and is traded on the NASDAQ  under the symbol  "VSTN."  The  Operating
     Agreement provides that the Manager has exclusive control over the business
     of the Company;  including the power to assign duties,  to determine how to
     invest  the  Company's  assets,  to sign  bills of sale,  title  documents,
     leases, notes, security agreements, mortgage investments and contracts, and
     to assume direction of the business operations.

     The financial  statements  have been prepared in accordance with Securities
     Exchange   Commission   requirements  for  interim  financial   statements.
     Therefore,  they  do  not  include  all of the  information  and  footnotes
     required by accounting  principles  generally accepted in the United States
     for complete financial statements.  The financial statements should be read
     in  conjunction  with the Form 10-K for the fiscal year ended  December 31,
     2000 of the Company.

     The results of operations for the interim  periods shown in this report are
     not necessarily  indicative of results to be expected for the full year. In
     the opinion of management,  the information  contained  herein reflects all
     adjustments  necessary  to make the results of  operations  for the interim
     periods a fair statement of such operation.  All such  adjustments are of a
     normal recurring nature.

                                       7
<PAGE>
                               VESTIN FUND I, LLC
                 (FORMERLY KNOWN AS DM MORTGAGE INVESTORS, LLC)

                          NOTES TO FINANCIAL STATEMENTS
                                  JUNE 30, 2001
                                   (UNAUDITED)

NOTE B - INVESTMENT IN MORTGAGE LOANS

     Investment in mortgage loans as of June 30, 2001 are as follows:

         Bridge                                     $14,500,714           14.83%
         Commercial                                  14,550,679           14.88%
         Construction                                20,119,000           20.57%
         Acquisition and development                 34,291,983           35.07%
         Land                                        14,331,854           14.65%
         Residential                                         --            0.00%
                                                    -----------          ------

                                                    $97,794,230          100.00%
                                                    ===========          ======

         First mortgages                            $97,318,538           99.51%
         Second mortgages                               475,692            0.49%
                                                    -----------          ------

                                                    $97,794,230          100.00%
                                                    ===========          ======

     The following is a schedule of  maturities of investment in mortgage  loans
     as of June 30, 2001 for the following years ended December 31:

         2001                                       $62,584,205
         2002                                        32,545,025
         2003                                                --
         2004                                                --
         2005                                         2,340,000
         2006                                           325,000
                                                    -----------

                                                    $97,794,230
                                                    ===========

     The  following  is a schedule  by  geographic  location  of  investment  in
     mortgage loans as of June 30, 2001:

         Arizona                                     $3,500,000            3.58%
         California                                  15,416,090           15.76%
         Hawaii                                       9,457,485            9.67%
         Louisiana                                    1,768,269            1.81%
         New Mexico                                     923,000            0.94%
         Nevada                                      29,823,293           30.50%
         Oregon                                       4,785,450            4.89%
         Texas                                       20,504,928           20.97%
         Utah                                        10,015,715           10.24%
         Washington                                   1,600,000            1.64%
                                                    -----------          ------

                                                    $97,794,230          100.00%
                                                    ===========          ======

                                       8
<PAGE>
                               VESTIN FUND I, LLC
                 (FORMERLY KNOWN AS DM MORTGAGE INVESTORS, LLC)

                          NOTES TO FINANCIAL STATEMENTS
                                  JUNE 30, 2001
                                   (UNAUDITED)

NOTE B - INVESTMENT IN MORTGAGE LOANS (continued)

     As of June 30, 2001,  all mortgage  loan payments are current and all loans
     are performing in accordance with their terms.  Accordingly,  the Company's
     management  estimates  that an  allowance  for loan  losses  is not  deemed
     necessary.

     The  Company  has  six  mortgage  loan   products   consisting  of  bridge,
     commercial,   construction,   acquisition   and   development,   land,  and
     residential.  Substantially  all  mortgage  loans  have  similar  effective
     interest  rates ranging from 13% to 15%.  Revenue by product will fluctuate
     based upon relative  balances during the period.  Due to the similar nature
     of the effective  interest  rates,  the Company does not report revenues by
     product type.

NOTE C - REVOLVING LINE OF CREDIT

     The Company has a revolving line of credit, which provides for borrowing up
     to $400,000. There was no outstanding balance as of June 30, 2001. The line
     of credit,  which is secured by the Company's  certificates of deposit,  is
     payable in monthly  installments  of interest only at 7.25%,  maturing June
     25, 2002.

NOTE D - RESTATEMENT

     During  September 2001, the Company declared a distribution to the Managing
     Member based upon historical yields of distributions during the nine months
     ended  September 30, 2001 made to the other  members.  As of June 30, 2001,
     the Managing Member had a weighted average  membership units in the Company
     of approximately  89,000 units. The Company has not made any  distributions
     to the Managing Member to date. Accordingly,  the Company has reflected the
     declared  distribution  in the periods the Managing  Member was entitled to
     receive such distributions  since similar  distributions were made to other
     members  in  those   periods.   Therefore,   the  Company  has  recorded  a
     distribution payable totaling $58,891 as of June 30, 2001 for distributions
     of $31,180 and $27,711 entitled to for the three months ended June 30, 2001
     and March 31, 2001, respectively.

                                       9
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
        RESULTS OF OPERATIONS

BACKGROUND

Vestin  Fund  I,  LLC  (formerly  known  as DM  Mortgage  Investors,  LLC)  (the
"Company") was organized in December 1999 as a Nevada limited  liability company
for the purpose of investing  in mortgage  loans.  The Company  invests in loans
secured by real estate through deeds of trust and mortgages.  Prior to September
1, 2000, the Company was a development stage company.

The Company's  manager is Vestin Mortgage,  Inc., a licensed mortgage company in
the  State  of  Nevada  (the  "Manager").  Vestin  Mortgage  is  a  wholly-owned
subsidiary of Vestin Group, Inc., a Delaware corporation,  whose common stock is
publicly held and traded on the NASDAQ under the ticker symbol "VSTN."

The following financial review and analysis is the Company's financial condition
and results of operations for the three-month  period ended June 30, 2001. Prior
to  September  1, 2000,  the Company were a  development  stage  company with no
operational activities.  This information should be read in conjunction with the
Company's  financial  statements  and  accompanying  notes  and  other  detailed
information  regarding the Company appearing elsewhere in this Form 10-Q and the
annual Form 10-K for the year ended December 31, 2000.

OVERVIEW

On August 23,  2000,  the  Company's  Registration  Statement  as filed with the
Securities  and Exchange  Commission  became  effective  for the initial  public
offering  of up to  10,000,000  units at $10 per  unit.  The  Company  commenced
operations  on  September  1, 2000.  During  June  2001,  the  Company  sold all
remaining  units of the $100  million  set forth in the  Company's  registration
statement.  No  additional  units  will be sold,  however  current  members  may
continue to participate in the Company's Distribution  Reinvestment Plan whereby
the member's distribution may be applied to additional units at $10.00 per unit.
Additionally, the Company issued 100,000 units to its Manager for offering costs
paid by them on the Company's behalf.

                          SUMMARY OF FINANCIAL RESULTS

<TABLE>
<CAPTION>
                                                Three months ended      Six months ended
                                                   June 30, 2001         June 30, 2001
                                                   -------------         -------------
<S>                                                  <C>                   <C>
Total revenues                                       $2,946,000            $4,722,000
Total expenses                                          $25,000            $   53,000
Net income                                           $2,921,000            $4,669,000
Earnings per unit:
  Net income allocated to members per
  weighted average membership units                  $     0.34            $     0.68
Annualized net interest yield to members (a)              13.54%                13.60%
Weighted average membership units                     8,626,200             6,867,539
</TABLE>

----------
(a)  The annualized net interest yield to unit holders is calculated  based upon
     the net income  allocated to unit holders per weighted  average units as of
     June 30, 2001 divided by 6 (number of months from January 2001 through June
     2001) and  multiplied  by twelve (12) months,  then divided by ten (the $10
     cost per unit).

Net income for the three months ended June 30, 2001 was derived  primarily  from
interest income on mortgage loans approximating $2.8 million, interest income of
approximately  $49  thousand  earned on cash and cash  equivalents  held at bank
institutions  and  approximately  $87 thousand  from mortgage  origination  fees
earned.

Net income for the six months  ended June 30,  2001 was derived  primarily  from
interest income on mortgage loans approximating $4.5 million, interest income of
approximately  $92  thousand  earned on cash and cash  equivalents  held at bank
institutions and $173 thousand from mortgage origination fees earned.

                                       10
<PAGE>
INVESTMENT IN MORTGAGE LOANS SECURED BY REAL ESTATE PORTFOLIO

As of June 30,  2001,  the Company  invested in mortgage  loans  secured by real
estate approximating $97,794,000. Such loans consisted of forty-eight (48) loans
of which  forty-six (46) loans are secured  through first deeds of trust and two
(2) loan is secured through second deeds of trust. The following is a summary of
the Company's investment in mortgage loans as of June 30, 2001:

<TABLE>
<CAPTION>
<S>                                     <C>                                        <C>
Andre Tatibouet                         Enchantment II, LLC                        MDS Development, LLC
Arroyo Heights                          Falcon Hospitality                         Mesquite 643 LLC
Art Collection, Inc.                    Gary A. Wexler                             Q Summerlin
Arvada Ranch LLC                        Golden Nugget Holdings                     Ranco Capital, LLC
Aston - Nevada Limited                  Harry Shull                                Red Hills Oasis
Bloomfield Hills Dev. Grp.              HHG Partners                               RTA Desert, Inc.
Bridge Aina Le'a, LLC                   Horizon Homes, Inc.                        South Mountain, LLC
Brugnara Properties V, LLC              Intercapital of Texas, Inc.                Sunset-Pecos LP
California Property Inv.                La Jolla Plaza LLC                         Talle Hoe, Inc.
Car Spa Norco                           Lakeside Village, LLC The Ranches
Corona Partnership                      Las Vegas Lodging Dev. LLC
Custom Stone, LTD                       Las Vegas & Lamb, Ltd.
David Weckerly, Inc.                    LV RV Resort LLC
Emerald Suites, LLC                     Malibu Development
</TABLE>

                                       11
<PAGE>
As of June 30, 2001,  investment in loans secured by real estate are invested in
loans with a weighted  average interest yield of 13.70% maturing within the next
one to sixty (60) months.

Losses may be  expected  to occur when  funding  mortgage  loans.  The amount of
losses  will  vary as the  loan  portfolio  is  affected  by  changing  economic
conditions and the financial  position of borrowers.  There is no precise method
of predicting potential losses.

The conclusion that the Company's loans may become uncollectible, in whole or in
part,  is a  matter  of  professional  judgment.  Conventional  lenders  such as
traditional  banks and savings and loan  institutions are subject to federal and
state regulations that require such lenders to perform ongoing analyses of their
loan  portfolios,  loan to value ratios,  reserves,  etc., and to obtain current
information  regarding  their  borrowers  and  the  securing  properties.  As  a
non-conventional  lender, the Company is not subject to such regulations and has
not adopted these practices. Rather, in connection with the quarterly and annual
closing of the Company's accounting records and the preparation of the Company's
financial  statements,  the Manager evaluates  investments in mortgage loans and
determines  whether  the  allowance  for loan  losses is  adequate  to cover the
Company's  potential losses. As of June 30, 2001 the Manager  determined that no
allowances for loan losses was necessary.

The Manager's professional judgment of the adequacy of allowance for loan losses
may  include:  considerations  of  economic  conditions,   borrower's  financial
condition,  evaluation  of  industry  trends,  review  and  evaluation  of loans
identified as having loss potential,  and quarterly review by the Manager's loan
committee.

CAPITAL AND LIQUIDITY

Liquidity  is  a  measure  of  a  company's   ability  to  meet  potential  cash
requirements,  including ongoing  commitments to fund lending activities and for
general operation purposes.  The Company believes that interest earned from both
investment  loans and cash held at bank  institutions  in the next twelve months
will be sufficient to meet the Company's capital requirements.  The Company does
not anticipate the need for hiring any employees, acquiring fixed assets such as
office equipment or furniture,  or incurring material office expenses during the
next twelve months  because the Manager will manage the Company's  affairs.  The
Company  may pay the  Manager  an  annual  management  fee of up to 0.25% of the
Company's aggregate capital  contributions.  Pursuant to the Company's Operating
Agreement  the maximum  amount of  management  fees the manager was  entitled to
receive  during the six  months  ended June 30,  2001 was  $91,388.  For the six
months ended,  the Company paid the Manager  approximately  $7,000 in management
fees.

During the six months  ended June 30,  2001,  cash flows  provided by  operating
activities   approximated  $4.0  million.   Investing  activities  consisted  of
investment  in loans  secured by real estate in the amount of $58.4 million (net
of proceeds from payoffs of mortgage  loans),  and  investment in certificate of
deposits of $1.8 million.  Financing  activities  consisted of proceeds from the
sale of units in the amount of $59.2 million,  and distributions of $3.2 million
(net of reinvestments).

The  Company  will rely upon the cash flow from  operations  to provide  for its
capital  requirements.  The Manager believes that cash generated from operations
will be sufficient to provide for its capital requirements for at least the next
12 months.

At June 30,  2001,  the  Company  had $114  thousand  in cash,  $3.0  million in
certificates  of deposit  and $102  million in total  assets.  On the same date,
total liabilities approximated $83 thousand. Accordingly, it appears the Company
has sufficient working capital to meet its operating needs in the near term.

                                       12
<PAGE>
The Company  maintains  working  capital  reserves  of at least 3% of  aggregate
members'  capital  accounts in cash and cash  equivalents,  and  certificates of
deposits.  This  reserve is  available  to pay  expenses in excess of  revenues,
satisfy obligations of underlying security  properties,  expend money to satisfy
unforeseen  obligations  and for other  permitted  uses of the working  capital.
Working capital reserves of up to 3% are included in the funds committed to loan
investments  in  determining  what  proportion  of  the  offering  proceeds  and
reinvested distributions have been invested in mortgage loans.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is exposed to market risk, primarily from changes in interest rates.
The  Company  does  not  deal in any  foreign  currencies  and  does not own any
options, futures or other derivative instruments.  The Company does not have any
debt.

Most of the Company's  assets consist of investments in mortgage  loans. At June
30, 2001, the Company's aggregate investment in mortgage loans was approximately
$97,794,000 with a weighted  average  effective  interest rate of 13.70%.  These
mortgage  loans  have a term of 6  months  to 5  years.  All of the  outstanding
mortgage loans at June 30, 2001 were fixed rate loans. All of the mortgage loans
are held for investment  purposes;  none are held for sale. Most of the mortgage
loans do not have prepayment penalties.

Changes in  interest  rates  would not affect the asset  value of the  Company's
investment in mortgage loans.  However,  a significant  change in interest rates
could  affect  the  Company's  operating  results.  If  interest  rates  decline
significantly,  some of the borrowers could prepay their loans with the proceeds
of a  refinancing  at lower  interest  rates.  This would  reduce the  Company's
earnings and funds  available for  distribution  to unit  holders.  On the other
hand,  a  significant  increase in interest  rates could result in a slowdown in
real estate  development  activity  which would reduce the demand for commercial
mortgage loans. As a result,  the Company might encounter greater  difficulty in
identifying appropriate borrowers.  The Company is not in a position to quantify
the potential impact on its operating results from a material change in interest
rates.

For the six months  ended June 30,  2001,  the Company  invested  $1,800,000  in
certificates  of deposit  and other  short-term  deposit  accounts.  The Company
anticipates  that at least 3% of its assets  will be held in such  accounts as a
cash  reserve;  additional  deposits in such  accounts will be made as funds are
received by the Company from new  investors  and  repayment of loans pending the
deployment of such funds in new mortgage loans.  The Company believes that these
financial assets do not give rise to significant interest rate risk due to their
short term nature.

                                       13
<PAGE>
                                     PART II

                                OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Not Applicable.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

The registration  statement (Commission file number 333-32800) registering up to
10,000,000 of the Company's  units valued at  $100,000,000,  with the Securities
and Exchange Commission became effective on August 23, 2000. The offering of the
Company's units commenced on September 1, 2000. As of June 30, 2001, the Company
had sold all units  available  from the  offering.  There is no  public  trading
market for the Company's  units. The Company's units are sold where permitted by
the  Manager  and/or  by  Vestin  Capital,  Inc.,  a  registered  broker/dealer.
Investors in the Company must satisfy  applicable state requirements in order to
purchase units in the Company.

In exchange for services provided by the Manager, it has received  approximately
$7,000 in management fees.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not Applicable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matter was submitted to a vote of security holders,  through the solicitation
of proxies or otherwise, during the second quarter 2001.

ITEM 5. OTHER INFORMATION

On June 29, 2001,  Vestin Fund I, LLC (the "Company")  filed an amendment to its
Articles of Organization which changed the name of the Company from "DM Mortgage
Investors, LLC" to "Vestin Fund I, LLC."

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits

     2.1      Articles of Organization*
     10.1     Operating Agreement*
     11       Statement re: computation of per share earnings*

----------
* Previously filed.

                                       14
<PAGE>
                                   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 thereunto duly authorized.

VESTIN FUND I, LLC


By: Vestin Mortgage, Inc., its sole manager


    By: /s/ Lance K. Bradford
      ---------------------------------------
      Lance K.  Bradford
      Director, Secretary and Treasurer
      (Chief Accounting Officer of the Manager
      and Duly Authorized Officer)


Dated: December 11, 2001

                                       15