Updated Oct 13, 2026
LEDG Capital Acquires 150-Unit Apartment In Houston From Scott Plaza Associates Ltd With Brokerage By Berkadia
9703 Scott St, Houston, TX 77051, USA
Building Size
865 SF
Asset Type
MultiFamily
Closing
Aug 30, 2020
About this deal
AI
The property involved in this closed transaction is an apartment located at 9703 Scott Street in Houston. The apartment complex consists of 150 units. The sale of this property was facilitated by Scott Bray, Ryan Epstein, and Jennifer Ray of Berkadia, who represented the seller, Scott Plaza Associates Ltd, and the buyer, LEDG Capital.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: Not mentioned
The transaction details provide insight into the key individuals and companies involved in the deal. Scott Bray, Ryan Epstein, and Jennifer Ray from Berkadia played a crucial role as brokers representing both the seller, Scott Plaza Associates Ltd, and the buyer, LEDG Capital. Further information on the transaction amount and additional details is not available.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93