content: SECURITIES AND EXCHANGE COMMISSION
  
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
       Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  
           Date of Report (Date of earliest event reported): June 12, 2007
                                                             -------------
  
                              BellaVista Capital, Inc.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
  
       Maryland                        0-30507                       94-3324992
  --------------------------------------------------------------------------------
  (State or other jurisdiction       (Commission                 (IRS Employer
        of incorporation)            File Number)              Identification No.)
  
  
                 420 Florence Street, Suite 200, Palo Alto, CA 94301
  --------------------------------------------------------------------------------
                 (Address of principal executive offices) (Zip Code)
  
  
         Registrant's telephone number, including area code: (650) 328-3060
                                                             --------------
  
  
                                         N/A
      -------------------------------------------------------------------------
            (Former name or former address, if changed since last report)
  
  
  
  <PAGE>
  
  
  Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related
  Audit Report or Completed Interim Review.
  
           The Company's consolidated statements of operations for the year ended
  September 30, 2006 and the nine months ended September 30, 2005, filed with its
  annual report on Form 10-KSB for the year ended September 30, 2006, and the
  consolidated statement of operations for the quarter ended December 31, 2006,
  filed with its quarterly report on Form 10-QSB for the quarter then ended,
  include a single line item under "Revenues" showing "Income from real estate
  investments." The amount reflected in this line item is a single aggregate net
  amount, reflecting net income from direct investments in real estate (gross
  revenues less the cost of direct investments), as well as revenues from secured
  loans receivable and income from joint venture investments in real estate
  developments.
  
           As of June 12, 2007, the Company's chief financial officer determined
  that, as direct investments in real estate developments are consolidated in the
  Company's financial statements, the appropriate presentation of its revenues is
  to reflect gross revenues from such direct investments in real estate along with
  other components of revenues and then to separately state the costs of direct
  investments and the resulting gross profit from real estate investments after
  reduction for such costs. Accordingly, by including the gross revenues from
  direct investments in real estate for the cited periods, the Company's revenues
  increase materially, though its gross profit, net income and earnings per share
  remain as previously reported. Because of the change in gross revenues reported,
  the cited financial statements cannot be relied upon and the Company will file
  amended reports with restated financial statements.
  
           The Company's Quarterly Report on Form 10-QSB for the quarter ended
  March 31, 2007, includes the more detailed presentation of gross revenues and
  expenses, and a footnote presenting the more detailed information for the fiscal
  year ended September 2006 and the nine months ended September 30, 2005. The
  Company notes that the net revenue from direct investments has been correctly
  stated in all prior filings, and the impact of gross revenues from these
  investments has been reflected in the Statements of Cash Flows for prior
  periods. Furthermore, the Company did consolidate the assets and liabilities of
  the direct investments in real estate on its balance sheets in its periodic
  reports for all prior periods.
  
           The Company's chief financial officer discussed this change in
  accounting presentation with the Company's independent accountant.
  
  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.
  
  Dated:   June 14, 2007                  BellaVista Capital, Inc.
  
  
  
                                         By:   /s/ MICHAEL RIDER
                                               --------------------------------
                                               Michael Rider, President
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "bellavista8krestate.txt", "description": "CURRENT REPORT", "secsgml_size_bytes": 4680}]
metadata_filer: {"company-data": {"conformed-name": "BELLAVISTA CAPITAL INC", "cik": "0001086670", "assigned-sic": "6798", "irs-number": "943324992", "state-of-incorporation": "MD", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-30507", "film-number": "07923338"}, "business-address": {"street1": "420 FLORENCE STREET, SUITE 200", "city": "PALO ALTO", "state": "CA", "zip": "94301", "phone": "6503283060"}, "mail-address": {"street1": "420 FLORENCE STREET, SUITE 200", "city": "PALO ALTO", "state": "CA", "zip": "94301"}, "former-company": {"former-conformed-name": "PRIMECORE MORTGAGE TRUST INC", "date-changed": "20000425"}}
text: SECURITIES AND EXCHANGE COMMISSION
  
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
       Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
           Date of Report (Date of earliest event reported): June 12, 2007
                                                             -------------
  
                              BellaVista Capital, Inc.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
       Maryland                        0-30507                       94-3324992
  --------------------------------------------------------------------------------
  (State or other jurisdiction       (Commission                 (IRS Employer
        of incorporation)            File Number)              Identification No.)
  
                 420 Florence Street, Suite 200, Palo Alto, CA 94301
  --------------------------------------------------------------------------------
                 (Address of principal executive offices) (Zip Code)
  
         Registrant's telephone number, including area code: (650) 328-3060
                                                             --------------
  
                                         N/A
      -------------------------------------------------------------------------
            (Former name or former address, if changed since last report)
  Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related
  Audit Report or Completed Interim Review.
  
           The Company's consolidated statements of operations for the year ended
  September 30, 2006 and the nine months ended September 30, 2005, filed with its
  annual report on Form 10-KSB for the year ended September 30, 2006, and the
  consolidated statement of operations for the quarter ended December 31, 2006,
  filed with its quarterly report on Form 10-QSB for the quarter then ended,
  include a single line item under "Revenues" showing "Income from real estate
  investments." The amount reflected in this line item is a single aggregate net
  amount, reflecting net income from direct investments in real estate (gross
  revenues less the cost of direct investments), as well as revenues from secured
  loans receivable and income from joint venture investments in real estate
  developments.
  
           As of June 12, 2007, the Company's chief financial officer determined
  that, as direct investments in real estate developments are consolidated in the
  Company's financial statements, the appropriate presentation of its revenues is
  to reflect gross revenues from such direct investments in real estate along with
  other components of revenues and then to separately state the costs of direct
  investments and the resulting gross profit from real estate investments after
  reduction for such costs. Accordingly, by including the gross revenues from
  direct investments in real estate for the cited periods, the Company's revenues
  increase materially, though its gross profit, net income and earnings per share
  remain as previously reported. Because of the change in gross revenues reported,
  the cited financial statements cannot be relied upon and the Company will file
  amended reports with restated financial statements.
  
           The Company's Quarterly Report on Form 10-QSB for the quarter ended
  March 31, 2007, includes the more detailed presentation of gross revenues and
  expenses, and a footnote presenting the more detailed information for the fiscal
  year ended September 2006 and the nine months ended September 30, 2005. The
  Company notes that the net revenue from direct investments has been correctly
  stated in all prior filings, and the impact of gross revenues from these
  investments has been reflected in the Statements of Cash Flows for prior
  periods. Furthermore, the Company did consolidate the assets and liabilities of
  the direct investments in real estate on its balance sheets in its periodic
  reports for all prior periods.
  
           The Company's chief financial officer discussed this change in
  accounting presentation with the Company's independent accountant.
  
  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.
  
  Dated:   June 14, 2007                  BellaVista Capital, Inc.
  
                                         By:   /s/ MICHAEL RIDER
                                               --------------------------------
                                               Michael Rider, President