<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FORM
10-q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.     
</LEGEND>
<CIK>                        0001002813
 
<NAME>                        Point West Capital Corporation
       
                             
<PERIOD-TYPE>                  9-MOS
<FISCAL-YEAR-END>                              Dec-31-1997
<PERIOD-START>                                 Jan-01-1997
<PERIOD-END>                                   Sep-30-1997
<CASH>                                         18,247,437
<SECURITIES>                                    5,750,508 
<RECEIVABLES>                                     146,000
<ALLOWANCES>                                            0                              
<INVENTORY>                                    37,586,356 <F1>
<CURRENT-ASSETS>                                  724,854
<PP&E>                                                  0
<DEPRECIATION>                                          0
<TOTAL-ASSETS>                                 62,455,155
<CURRENT-LIABILITIES>                           4,426,647
<BONDS>                                        38,804,107 <F2>
<PREFERRED-MANDATORY>                                   0
<PREFERRED>                                             0
<COMMON>                                           42,918
<OTHER-SE>                                     19,181,483
<TOTAL-LIABILITY-AND-EQUITY>                   62,455,155
<SALES>                                           377,450
<TOTAL-REVENUES>                                3,489,545
<CGS>                                                   0
<TOTAL-COSTS>                                           0
<OTHER-EXPENSES>                                2,386,362
<LOSS-PROVISION>                                        0
<INTEREST-EXPENSE>                              2,721,030
<INCOME-PRETAX>                                 1,617,847
<INCOME-TAX>                                            0
<INCOME-CONTINUING>                             1,617,847
<DISCONTINUED>                                          0
<EXTRAORDINARY>                                 2,827,594
<CHANGES>                                               0
<NET-INCOME>                                    1,209,747
<EPS-PRIMARY>                                        0.33  
<EPS-DILUTED>                                           0

<FN>
<F1>INCLUDES ASSETS HELD FOR SALE AND PURCHASED LIFE INSURANCE POLICY.
<F2>REPRESENTS LONG TERM BORROWINGS OF THE COMPANY. 

</FN>