<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> Dec-31-1998 <PERIOD-END> Sep-30-1998 <CASH> 2,135,476 <SECURITIES> 0 <RECEIVABLES> 3,105,516 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 171,382,177 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 101,857,853 <TOTAL-LIABILITY-AND-EQUITY> 171,382,177 <SALES> 0 <TOTAL-REVENUES> 23,393,288 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 16,294,244 <LOSS-PROVISION> 56,954 <INTEREST-EXPENSE> 3,127,366 <INCOME-PRETAX> 3,914,724 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,914,724 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,914,724 <EPS-PRIMARY> 0 <EPS-DILUTED> 0