Item 8.01 Other

Vestin Realty Mortgage II, Inc., a Maryland corporation ("VRTB"), announced that, together with its Chairman and Chief Executive Officer, Michael Shustek, it has formed a Nevada limited liability company named MVP Realty Advisor, LLC ("MVPRA"). MVPRA intends to act as the advisor to MVP Monthly Income Realty Trust, Inc., a recently formed Maryland corporation which was organized to invest in real estate and loans secured by real estate ("MVP Realty Trust "). On April 16, 2012, MVP Realty Trust made its initial filing of a registration statement with the Securities and Exchange Commission in connection with a proposed public offering of its common stock. MVP Realty Trust will seek to qualify as a real estate investment trust ("REIT"). Under the terms of a proposed Advisory Agreement between MVPRA and MVP Realty Trust, MVPRA will be entitled to certain fees for advisory and other management services rendered to MVP Realty Trust.

VRTB contributed $1000 for its initial 40% interest in MVPRA. Mr. Shustek, through a wholly owned company named MVP Capital Partners, LLC ("MVPCP"), contributed $1500 for a 60% interest in MVPRA. VRTB and MVPCP anticipate providing additional funds to MVPRA, either in the form of capital contributions or loans. The amount and nature of such funding arrangements cannot be determined at this time.

Under the terms of the Operating Agreement which will govern MVPRA, any loans made by VRTB to MVPRA must be paid in full and VRTB shall have received distributions of profits equal to its capital contributions prior to MVPCP receiving any distributions from MVPRA.

VRTB's participation in MVPRA was approved by the independent members of the VRTB Board of Directors.
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