<ARTICLE> 5 <PERIOD-TYPE> 9-mos <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-END> Sep-30-1998 <CASH> 756,088 <SECURITIES> 0 <RECEIVABLES> 264,327 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 24,390,122 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 17,400,372 <TOTAL-LIABILITY-AND-EQUITY> 24,390,122 <SALES> 0 <TOTAL-REVENUES> 3,964,854 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,418,961 <LOSS-PROVISION> 13,145 <INTEREST-EXPENSE> 352,431 <INCOME-PRETAX> 1,180,317 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,180,317 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,180,317 <EPS-PRIMARY> 0 <EPS-DILUTED> 0