<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 696,421 <SECURITIES> 0 <RECEIVABLES> 633,329 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 53,594,276 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 30,730,215 <TOTAL-LIABILITY-AND-EQUITY> 53,594,276 <SALES> 0 <TOTAL-REVENUES> 13,239,354 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 9,091,006 <LOSS-PROVISION> 135,965 <INTEREST-EXPENSE> 1,858,316 <INCOME-PRETAX> 2,154,067 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,154,067 <DISCONTINUED> 0 <EXTRAORDINARY> 112,546 <CHANGES> 0 <NET-INCOME> 2,266,613 <EPS-PRIMARY> 0 <EPS-DILUTED> 0