<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 701,770 <SECURITIES> 0 <RECEIVABLES> 2,033,994 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 96,504,538 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 59,247,679 <TOTAL-LIABILITY-AND-EQUITY> 96,504,538 <SALES> 0 <TOTAL-REVENUES> 10,730,959 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,226,479 <LOSS-PROVISION> 55,409 <INTEREST-EXPENSE> 1,461,401 <INCOME-PRETAX> 1,987,670 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,987,670 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,987,670 <EPS-PRIMARY> 0 <EPS-DILUTED> 0