<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 7,559,641 <SECURITIES> 0 <RECEIVABLES> 2,621,971 <ALLOWANCES> 226,157 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 131,938 <DEPRECIATION> 37,098 <TOTAL-ASSETS> 229,051,935 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 61,657 <OTHER-SE> 85,188,218 <TOTAL-LIABILITY-AND-EQUITY> 229,051,935 <SALES> 0 <TOTAL-REVENUES> 24,499,774 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,035,533 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,311,380 <INCOME-PRETAX> 9,168,622 <INCOME-TAX> 0 <INCOME-CONTINUING> 9,168,622 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 9,168,622 <EPS-BASIC> 1.49 <EPS-DILUTED> 1.48