<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 2,162,519 <SECURITIES> 0 <RECEIVABLES> 3,634,113 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 131,983,208 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 85,811,203 <TOTAL-LIABILITY-AND-EQUITY> 131,983,208 <SALES> 0 <TOTAL-REVENUES> 14,856,946 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 10,104,930 <LOSS-PROVISION> 56,954 <INTEREST-EXPENSE> 1,962,200 <INCOME-PRETAX> 2,732,862 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,732,862 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,732,862 <EPS-PRIMARY> 0 <EPS-DILUTED> 0