<ARTICLE> 5 <PERIOD-TYPE> 9-mos <FISCAL-YEAR-END> dec-31-1997 <PERIOD-END> sep-30-1997 <CASH> 500,020 <SECURITIES> 0 <RECEIVABLES> 2,238,644 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 113,990,420 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 69,243,280 <TOTAL-LIABILITY-AND-EQUITY> 113,990,420 <SALES> 0 <TOTAL-REVENUES> 17,835,277 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 11,963,777 <LOSS-PROVISION> 118,564 <INTEREST-EXPENSE> 2,747,570 <INCOME-PRETAX> 3,005,366 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,005,366 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,005,366 <EPS-PRIMARY> 0 <EPS-DILUTED> 0