<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 638,236 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,135,060 <CURRENT-LIABILITIES> 0 <BONDS> 1,950,131 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 7,135,060 <SALES> 898,707 <TOTAL-REVENUES> 913,794 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 606,345 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 92,496 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 214,953 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 214,953 <EPS-PRIMARY> 0 <EPS-DILUTED> 0