##### 



Exhibit 31.2

CERTIFICATION

I, John W. Alderfer, as the Chief Financial
Officer of Vestin Mortgage, Inc., the sole Manager of Vestin
Fund I, LLC, certify that:

1. I have reviewed this report on
Form 10-Q of Vestin Fund I, LLC;

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;

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
Fund I, LLC as of, and for, the periods presented in this
report;

4. Vestin Fund I, LLCs other
certifying officers and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for Vestin
Fund I, LLC and have:



| |                                                                                                                                                                                                                                                                                                                                                                                                               
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (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 I, 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 I, 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 evaluations; and                                                                                                  
|
| | (d) Disclosed in this report any changes in
    Vestin Fund I, LLCs internal control over financial
    reporting that occurred during Vestin Fund I, LLCs
    most recent fiscal quarter that has materially affected, or is
    reasonably likely to materially affect Vestin Fund I,
    LLCs internal control over financial reporting; and                                                            

5. Vestin Fund I, LLCs other
certifying officer and I have disclosed, based on our most
recent evaluation of internal control over financial reporting,
to Vestin Fund I, LLCs auditors and the audit
committee of Vestin Fund I, LLCs board of directors
(or persons performing the equivalent functions):



| |                                                                                                                                                                                                                                                                                                       
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (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 Fund I, 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 I, LLCs internal control over
    financial reporting.                                                                                                        



| |                              
| | -----------------------------
| | /s/ John W. Alderfer         
| |                              
| | John W. Alderfer             
| | Chief Financial Officer*     
| | Vestin Mortgage, Inc., sole  
| | Manager of Vestin Fund I, LLC

Date: February 9, 2005



---



|  |                                                                                                  
|- | -------------------------------------------------------------------------------------------------
|* | John W. Alderfer functions as the equivalent
    of the Chief Financial Officer of the registrant