<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S
QUARTERLY REPORT ON FORM 10-QSB FOR THE THREE MONTHS ENDED MARCH 31, 1999 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                         517,516
<SECURITIES>                                         0
<RECEIVABLES>                                8,351,900
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            11,532,821
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              11,532,821
<CURRENT-LIABILITIES>                          220,211
<BONDS>                                     13,058,494
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         1,000
<OTHER-SE>                                      39,000
<TOTAL-LIABILITY-AND-EQUITY>                11,532,821
<SALES>                                        624,952
<TOTAL-REVENUES>                               628,499
<CGS>                                          312,476
<TOTAL-COSTS>                                  312,476
<OTHER-EXPENSES>                               143,191
<LOSS-PROVISION>                               125,787
<INTEREST-EXPENSE>                             390,909
<INCOME-PRETAX>                              (343,864)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (343,864)
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0