<ARTICLE>                     5
<RESTATED>
<CIK>                         0001049359
<NAME>                        STERLING LENDING CORPORATION
<MULTIPLIER>                            1000   
       
                                                      
<PERIOD-TYPE>                           9-MOS               3-MOS
<FISCAL-YEAR-END>                       DEC-31-1997         DEC-31-1997
<PERIOD-START>                          JAN-01-1997         JUL-01-1997
<PERIOD-END>                            SEP-30-1997         SEP-30-1997       
<CASH>                                     65                  65       
<SECURITIES>                                0                   0   
<RECEIVABLES>                               0                   0   
<ALLOWANCES>                                0                   0   
<INVENTORY>                                 0                   0   
<CURRENT-ASSETS>                            0                   0<F1>   
<PP&E>                                   1565                1565       
<DEPRECIATION>                            177                 177     
<TOTAL-ASSETS>                           1563                1563      
<CURRENT-LIABILITIES>                       0                   0<F1>      
<BONDS>                                     0                   0
<PREFERRED-MANDATORY>                       0                   0   
<PREFERRED>                              5200                5200
<COMMON>                                    0                   0   
<OTHER-SE>                                  0                   0   
<TOTAL-LIABILITY-AND-EQUITY>             1563                1563      
<SALES>                                     0                   0   
<TOTAL-REVENUES>                         1813                 826   
<CGS>                                       0                   0     
<TOTAL-COSTS>                            5326                1956      
<OTHER-EXPENSES>                            0                   0      
<LOSS-PROVISION>                            0                   0      
<INTEREST-EXPENSE>                         62                  24      
<INCOME-PRETAX>                         (3575)              (1154)      
<INCOME-TAX>                               (1)                  0       
<INCOME-CONTINUING>                     (3574)              (1154)       
<DISCONTINUED>                              0                   0   
<EXTRAORDINARY>                             0                   0
<CHANGES>                                   0                   0   
<NET-INCOME>                            (3574)              (1154)       
<EPS-PRIMARY>                               0                   0     
<EPS-DILUTED>                               0                   0   
        
<FN>
<F1> Unclassified Balance Sheet
</FN>