EXHIBIT 31.2

                                  CERTIFICATION

I, Placido H. Canta,  Chief Financial Officer of Lakeside Financial Group, Inc.,
which is the Manager of the Registrant, certify that:

1. I have reviewed  this  quarterly  report on Form 10-QSB of Lakeside  Mortgage
Fund, LLC (the "Registrant");

2. Based on my  knowledge,  this  quarterly  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 quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
Registrant as of, and for, the periods presented in this quarterly report;

4.  The  Registrant's  other  certifying  officer  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)) and internal  control over financial
reporting  (as defined in Exchange Act Rules  13a-15(f) and  15d-15(f))  for the
Registrant 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 the  Registrant,  including  its
consolidated subsidiaries,  is made known to us by others within those entities,
particularly during the period in which this quarterly report is being prepared;

         (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;

         (c) Evaluated the effectiveness of the Registrant's disclosure controls
and procedures and presented in this quarterly report our conclusions  about the
effectiveness  of the disclosure  controls and procedures,  as of June 30, 2006,
based on such evaluation; and

         (d) Disclosed in this quarterly  report any change in the  Registrant's
internal control over financial  reporting that occurred during the Registrant's
fiscal  quarter  ended  June  30,  2006  that  has  materially  affected,  or is
reasonably likely to materially affect,  the Registrant's  internal control over
financial reporting; and

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

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         (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  the  Registrant'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 the Registrant's internal control
over financial reporting.

Dated:   August 11, 2006            /S/
                                    ----------------------------------
                                    Placido H. Canta,
                                    Chief Financial Officer of Manager
                                    Lakeside Financial Group, Inc.