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17 Ferris Avenue

Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $4,250,000 full-term, interest-only loan to refinance two multifamily properties totaling 36 units in Norwalk, CT
FINANCEDMultiFamily

Black Bear Capital Partners (“BBCP”) is pleased to announce the successful closing of a $4,250,000 full-term, interest-only loan to refinance two multifamily properties totaling 36 units in Norwalk, CT

17 Ferris Avenue & 12 North Taylor Avenue

$4,250,000

Building Size

Asset Type

MultiFamily

Closing

May 26, 2026

AI

Two multifamily properties, with a total of 36 units, are located at 17 Ferris Avenue & 12 North Taylor Avenue, Norwalk, CT 06854. The transaction involves a refinancing loan amount of $4,250,000. The financing is structured with a 5-year term, featuring fixed interest rates and full-term interest-only payments.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,250,000
  • Lender: Goldman Sachs
  • Landlord: Brandon Yasgur
  • Capital Market Advisors: Bryan Manz & Brandon Harris - Black Bear Capital Partners
  • Loan Type: Refinance
  • Loan Terms: 5-year term with fixed interest rate and full-term interest-only payments
This transaction involved notable individuals in the financial and advisory sectors. Brandon Harris, alongside Bryan Manz, served as Capital Market Advisors from Black Bear Capital Partners for the refinancing of the properties. Their expertise facilitated the financial structuring of this multifamily asset deal in the Connecticut market.

Players

Bryan Manz

Black Bear Capital Partners

Broker

$1.6B

vol

63 deals

Broker
Goldman Sachs
Goldman SachsLender

Norwalk MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93