Exhibit 23.3



                       Consent of Independent Auditors


We consent to the reference to our firm under the caption "Experts" and to
the use of our report dated September 19, 2003, in the Post-Effective
Amendment No. 4 to the Registration Statement (Form S-11/A No. 333-52484) and
related Prospectus of Vestin Fund II, LLC for the registration of 50,000,000
of its units.

                                          /s/ Ernst & Young LLP



Phoenix, Arizona
October 20, 2003