<ARTICLE> 5 <PERIOD-TYPE> 12-mos <FISCAL-YEAR-END> dec-31-1999 <PERIOD-END> dec-31-1999 <CASH> 1,674,372 <SECURITIES> 0 <RECEIVABLES> 6,351,011 <ALLOWANCES> 724,906 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 191,424,300 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 101,313,784 <TOTAL-LIABILITY-AND-EQUITY> 191,424,300 <SALES> 0 <TOTAL-REVENUES> 39,634,771 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 28,932,197 <LOSS-PROVISION> 6,779,040 <INTEREST-EXPENSE> 6,082,904 <INCOME-PRETAX> (2,159,370) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,159,370) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,159,370) <EPS-BASIC> 0 <EPS-DILUTED> 0