<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF CHASTAIN CAPITAL CORPORATION FOR THE SIX MONTHS ENDED
JUNE 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                       5,991,187
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               573,560
<PP&E>                                       3,632,386
<DEPRECIATION>                                 135,926
<TOTAL-ASSETS>                              73,998,944
<CURRENT-LIABILITIES>                       16,302,654
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        73,468
<OTHER-SE>                                  57,622,822
<TOTAL-LIABILITY-AND-EQUITY>                73,998,944
<SALES>                                              0
<TOTAL-REVENUES>                             5,449,029
<CGS>                                                0
<TOTAL-COSTS>                                  287,980
<OTHER-EXPENSES>                             1,532,205
<LOSS-PROVISION>                             2,598,850
<INTEREST-EXPENSE>                           1,644,889
<INCOME-PRETAX>                             (2,142,413)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         (2,142,413)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (2,142,413)
<EPS-BASIC>                                      (0.29)
<EPS-DILUTED>                                    (0.29)