<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AS OF JUNE 30, 2000 AND FROM THE STATEMENT OF OPERATIONS FOR THE SIX
MONTHS ENDED JUNE 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<CASH> 900,578
<SECURITIES> 0
<RECEIVABLES> 3,299,525
<ALLOWANCES> 0
<INVENTORY> 56,411,422
<CURRENT-ASSETS> 0<F1>
<PP&E> 594,281
<DEPRECIATION> 33,231
<TOTAL-ASSETS> 66,093,739
<CURRENT-LIABILITIES> 0<F1>
<BONDS> 29,658,778
0
0
<COMMON> 3,187
<OTHER-SE> 32,376,017
<TOTAL-LIABILITY-AND-EQUITY> 66,093,739
<SALES> 6,209,671
<TOTAL-REVENUES> 6,418,318
<CGS> 4,796,824
<TOTAL-COSTS> 2,333,995
<OTHER-EXPENSES> 59,749
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 93,116
<INCOME-PRETAX> (1,095,705)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,095,705)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,095,705)
<EPS-BASIC> (0.34)
<EPS-DILUTED> 0
<FN>
<F1>THE COMPANY HAS AN UNCLASSIFIED BALANCE SHEET; THEREFORE, THE VALUE IS $0.
</FN>
</TABLE>