<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 41,071 <SECURITIES> 0 <RECEIVABLES> 274,815 <ALLOWANCES> (3,443) <INVENTORY> 3,558,957 <CURRENT-ASSETS> 0 <PP&E> 175,187 <DEPRECIATION> (27,480) <TOTAL-ASSETS> 4,820,736 <CURRENT-LIABILITIES> 0 <BONDS> 3,369,713 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 359 <OTHER-SE> 592,192 <TOTAL-LIABILITY-AND-EQUITY> 4,820,736 <SALES> 566,917 <TOTAL-REVENUES> 566,917 <CGS> 0 <TOTAL-COSTS> 485,635 <OTHER-EXPENSES> 3,174 <LOSS-PROVISION> 733 <INTEREST-EXPENSE> 50,545 <INCOME-PRETAX> 26,830 <INCOME-TAX> 11,644 <INCOME-CONTINUING> 15,186 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 15,186 <EPS-PRIMARY> .48 <EPS-DILUTED> .47