<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 1,917,349 <SECURITIES> 0 <RECEIVABLES> 2,889,713 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 130,546,718 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 76,545,683 <TOTAL-LIABILITY-AND-EQUITY> 130,546,718 <SALES> 0 <TOTAL-REVENUES> 24,987,922 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 18,078,838 <LOSS-PROVISION> 255,294 <INTEREST-EXPENSE> 3,962,860 <INCOME-PRETAX> 2,690,930 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,690,930 <DISCONTINUED> 0 <EXTRAORDINARY> 160,955 <CHANGES> 0 <NET-INCOME> 2,851,885 <EPS-PRIMARY> 0 <EPS-DILUTED> 0