<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 8,843 <SECURITIES> 0 <RECEIVABLES> 3,438,796 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 59,725,385 <CURRENT-LIABILITIES> 0 <BONDS> 6,475,893 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 105,710 <OTHER-SE> 37,449,567 <TOTAL-LIABILITY-AND-EQUITY> 59,725,385 <SALES> 0 <TOTAL-REVENUES> 145,137 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 43,987 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 218,029 <INCOME-PRETAX> (116,879) <INCOME-TAX> 0 <INCOME-CONTINUING> (116,879) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (116,879) <EPS-BASIC> (.01) <EPS-DILUTED> (.01)