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): October 4, 2005
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                            BellaVista Capital, Inc.
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             (Exact name of registrant as specified in its charter)


         Maryland                    0-30507                     94-3324992
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 (State or other jurisdiction     (Commission                 (IRS Employer
       of incorporation)           File Number)              Identification No.)


               420 Florence Street, Suite 200, Palo Alto, CA   94301
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               (Address of principal executive offices)      (Zip Code)


       Registrant's telephone number, including area code: (650) 328-3060
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                                       N/A
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          (Former name or former address, if changed since last report)




Item 7.01  Regulation FD Disclosure.

On  October 4, 2005,  the  registrant  mailed a  letter  dated  October 4, 2005,
to its shareholders.  A copy of the letter is attached to this report as Exhibit
20.1. In addition, the slide presentation by the Company's Board of Directors at
its annual meeting on October 3, 2005, was made available to all shareholders. A
copy of this presentation is attached as Exhibit 20.2.

The exhibits  attached to this report contain  forward-looking  statements.  All
statements  other than  statements  of  historical  fact may be  forward-looking
statements. These include statements regarding the registrant's future financial
results,  operating results,  business  strategies,  projected costs and capital
expenditures,  products,  competitive  positions,  and plans and  objectives  of
management for future operations.  Forward-looking  statements may be identified
by  the  use of  words  such  as  "may,"  "will,"  "should,"  "expect,"  "plan,"
anticipate,"  "believe,"  "estimate," "predict," "intend" and "continue," or the
negative  of these  terms,  and  include  the  assumptions  that  underlie  such
statements.  The registrant's  actual results could differ materially from those
expressed or implied in these forward-looking  statements as a result of various
risks and  uncertainties,  including  those set forth in the  registrant's  most
recent annual report on Form 10-K in the section entitled "Item 7:  Management's
Discussion  and  Analysis of  Financial  Condition  and Results of  Operations -
General Risks Related to Construction  Mortgage  Lending" and " - Specific Risks
of Investment in Our Securities." All forward-looking statements in the exhibits
attached to this report are based on information  available to the registrant as
of the date hereof and the  registrant  assumes no obligation to update any such
statements.

Item 9.01.  Financial Statements and Exhibits


Exhibit 20.1      Letter to Shareholders dated October 4, 2005

Exhibit 20.2      2005 Annual Shareholder Meeting slide presentation

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:   October 4, 2005          BellaVista Capital, Inc.



                                   By:  /s/ MICHAEL RIDER
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                                        Michael Rider, Chief Executive Officer