<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> MAR-31-2000 <CASH> 12,977 <SECURITIES> 58,271 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 77,791 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 249,194 <CURRENT-LIABILITIES> 0 <BONDS> 184,313 <PREFERRED-MANDATORY> 27,607 <PREFERRED> 0 <COMMON> 83 <OTHER-SE> 25,593 <TOTAL-LIABILITY-AND-EQUITY> 249,194 <SALES> 4,286 <TOTAL-REVENUES> 18,881 <CGS> 3,205 <TOTAL-COSTS> 3,205 <OTHER-EXPENSES> 8,932 <LOSS-PROVISION> 1,105 <INTEREST-EXPENSE> 5,509 <INCOME-PRETAX> 130 <INCOME-TAX> 19 <INCOME-CONTINUING> (129) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (771) <EPS-BASIC> (0.09) <EPS-DILUTED> (0.09)